Withdrawal Process

Users can choose to withdraw their BABY on MilkyWay which involves the unbonding time mandated by Babylon, or swap their milkBABY for BABY on listed DEXs for instant withdraw.

Here are the steps to withdraw on MilkyWay — which starts with a user initiating a one-click request to withdraw their BABY.

And under the hood:

1. Request Initiation and Burn: The withdrawal request goes to our MilkyWay Staking Contract which groups the request into a batch. The contract also stores the user’s withdrawal information for the claim process, which is detailed further in the Claim section below.

2. Undelegate: At the end of every batch period, which is set as 3 days at launch, the Coordinator delivers the requests to Babylon to undelegate uniformly across all MilkyWay’s validators .The user’s milkBABY is burnt once the batch is submitted at the end of the batch period.

3. Wait: Wait for the unbonding period.

4. IBC Transfer: The Coordinator then sends the BABY to user Babylon account.

Now the BABY is ready for claiming.