How to stake Nibiru on Bybit?

Could you please provide a step-by-step guide on how to stake Nibiru on Bybit? I'm interested in earning passive income through staking but am unsure of the process. Could you walk me through the necessary steps, including any prerequisites or requirements that I need to meet in order to stake Nibiru on Bybit? Additionally, are there any potential risks or considerations that I should be aware of before proceeding with the staking process?