🍬BabyYaYa Farming & Staking

One of the numerous ways the BabyYaYa decentralized financial network gives users passive income is by staking tokens to get incentives. When a user "stakes" a token, the token is no longer in the user's wallet but is instead in the smart contract for the protocol. The protocol offers incentives in the form of extra tokens, either of the same kind as the staked token or a different token, in exchange for this brief commitment of money.

The staking options offered by BabyYaYa are intended to maximize shareholder profits while imposing the fewest possible costs on the protocol. By using this strategy, BabyYaYa makes sure that the resources of our consumers are always our first concern.

The simplest way to generate profits on your BabyYaYa and other stable currencies is through single-asset staking pools. To use a Staking Pool, which gives rewards in another token of choosing, users just require one kind of token.

Staking Pools allow users to stake the BabyYaYa or other tokens they've purchased, converted, or earned through yield farming or lending, to earn more $BYY or tokens from partner projects.

An input token and a reward token are present in every Staking Pool. Every Staking Pool's input token within BabyYaYa is BabyYaYa Either BabyYaYa or a token from one of BabyYaYa 's partner projects serves as the prize tokens.