Stake
Select the BTC or ETH tab to view specific instructions for each.
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Click
on Cobo Portal, find Staking, then click Open to open Staking. -
Click Stake under Actions in the row for Babylon.
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In the pop-up window, fill in the following information.
- PoS Chain: Select a Proof of Stake (PoS) chain.
- Finality Provider: You can either select a finality provider from the drop-down list or customize your finality provider by clicking Customize and entering the public key.
- Staking Wallet: Select an address from the drop-down list. The addresses are listed in descending order based on the amount available to stake.
- Amount: Enter the amount that you want to stake. You cannot enter the amount until the remaining staking cap for Babylon is retrieved. If the remaining staking cap is 0, staking is not allowed. Ensure that the amount you enter is within Babylon’s allowed range and does not exceed the remaining staking cap or the amount available to stake. You can click Max to automatically enter the maximum allowed amount, which is the smallest value among the remaining staking cap, the maximum one-time staking amount allowed by Babylon, and the amount available to stake.
- Staking Period: Enter the number of days you want to stake for.
- Network Fee: Select from Slow, Standard, and Fast. You can also customize your fee rate by clicking
. The network fee is deducted from your balance in addition to the specified amount to stake.
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When you complete the form, click Preview. The following items will be checked and hints will appear under any fields with errors.
- Finality Provider: Whether the public key is valid if you have chosen to customize the finality provider.
- Amount: Whether the amount is within Babylon’s allowed range and does not exceed the amount available to stake.
- Staking Period: Whether the number of days is within Babylon’s allowed duration.
- Network Fee: Whether your balance is sufficient to cover the network fee.
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Modify your input according to the hints, then click Preview again.
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If all checks pass, you will see a preview of all the information, including Staking Waiting time. Review the information and click Submit. Another check will be performed to see if the staking amount exceeds Babylon’s remaining staking cap. If it does, you can go back and edit the amount. Otherwise, you can successfully submit the request.
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In the Staking Request Submitted window, click Staking Activity to go to the staking details page.
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On the staking details page, new records are created for the staking transaction.
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Under Staking Positions, a record is created, and its Position Status is Staking in Progress. The final Position Status varies depending on the staking result, as the following table shows.
Staking Result Position Status Succeeds Active Rejected by the risk control policies or signers The row will not be shown Exceeds the staking cap of Babylon Limit Exceeded Rejected by Babylon Invalid - If you get the Limit exceeded status, you can unstake and withdraw the assets.
- If you get the Invalid status, it means that Babylon has upgraded its staking protocol but Cobo hasn’t updated accordingly, and therefore, Babylon could not confirm the transaction. Please contact Cobo’s customer support at help@cobo.com to recover your assets.
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Under Activity, a record is created, and its Activity Status is Processing. If the staking request is rejected by risk control policies or signers, the status will be Failed; otherwise, it stays as Processing. Depending on whether Babylon confirms the transaction, the final status will be Success or Failed.
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