Juno
Stake JUNO with Kiln, enterprise-grade staking
What is JUNO?
Juno is an interoperable smart contract network built on the Cosmos Network. The Juno platform allows for smart contract deployment and cross-chain communication within Cosmos. Through the Cosmos SDK the Juno network was made to address the scalability issues and high costs that come with smart contract deployment.
Is JUNO Network a Proof-of-Stake blockchain?
The Juno network is secured using the PoS consensus algorithm. By using your assets to secure the system, you can retain rewards in line with the inflation of the network. Seeing that JUNO is a newer platform comparatively, there are no fees connected to it for the time being. Rewards are gained from the internal system from validating blocks through staking JUNO.
What is staking?
Staking is the locking of tokens into a smart contract for the validation or attestation of blocks. In Proof-of-Stake protocols, validators earn a yield by securing the network through staking. Staking is now more popular than the previous Proof-of-Work consensus algorithm that many earlier chains were built with.
By locking a protocol’s native tokens (ie JUNO) to give “validators” the right to secure a chain. Validators propose new blocks or attest other validators’ blocks, gaining rewards for doing so.
Why should you stake your assets?
When you stake your tokens you can make secure and predictable yields through a process that is well-calculated and efficient. Tokens produced during the process of consensus come from the blockchain’s natural inflation of its currency. This is something that can be foreseen. While staking JUNO you have the opportunity to make rewards while securing the network.
- Put your treasury to work
- Diversify and earn
- Bring new opportunities to generate safe yields to your users
Protocol Card
How to stake JUNO with Kiln?
There are no transaction fees associated with staking JUNO until October 15th 2022 as part of their launch promotion.
- Install the KEPLR Extension
- Login to the Kiln dashboard
- Initial Stake by selecting your Account and the amount of JUNO
- Connect your KEPLR to Kiln
- Delegate Stake
- You will begin receiving rewards on your staked JUNO once your stake starts producing blocks.
The unbonding period for JUNO is 28 days, however, you can re-delegate to another JUNO validator at any time without having to wait. Rewards are sent to your wallet after every block your stake helps to create.
What are the rewards associated with staking JUNO?
As an incentive for helping to safeguard the network, you can earn up to 140%* APR from each validator you stake on Kiln.
Why should you stake your JUNO with Kiln?
Kiln has a dedicated team of experts that are knowledgeable and enthusiastic about staking different kinds of cryptocurrency. Juno is one of the latest in Kiln’s growing portfolio. Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake JUNO and to whitelabel JUNO staking functionality into their offering.
- Stake JUNO in 1 click
- Manage all your JUNO stakes and rewards from a single dashboard
- Non-custodial, work with your existing custodians solutions e.g.Fireblocks
- SOC 2 certified and Industry leading JUNOs (0 penalties recorded and 99.95% effective uptime)
Looking to stake JUNO?
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Stake Juno FAQ
What does Proof-of Stake mean?
Proof-of-Stake (PoS) is a type of consensus mechanism used to validate cryptocurrency transactions. Through PoS, validators can contribute to the block production of a chain while keeping environmental concerns to a minimum, which is becoming an increasingly large issue in Proof-of-Work.
By staking capital rather than energy, validators risk losing a portion of their value and future potential for staking by misbehaving while creating blocks. This incentivizes collaboration and minimizes malicious activity in the consensus process.
When will I receive JUNO rewards?
JUNO rewards can be claimed at any time and are allotted after each block produced (6 seconds). Rewards are accumulated through newly distributed tokens created through consensus creation. You can claim rewards through your connected wallet.Inflation also plays a large role in the distribution of JUNO rewards as the amount of new coins introduced to the ecosystem reduces as a percentage each year.
What are the risks associated with staking JUNO?
Slashing exists on the JUNO platform as it does with many other PoS systems. Underperformers and stakers with high downtime risk losing some of their stake to the network. Chronic downtime and consistent malicious activity can lead to ‘tombstoning’ which is the equivalent of a ban from staking JUNO in future.
Is there a minimum and maximum amount to stake for JUNO?
There is no minimum staking amount for the JUNO platform. However, there is a fee associated with it which you will need to have above and beyond what you want to stake.
Do I maintain custody of my JUNO tokens? Is JUNO staking non-custodial?
While you may maintain self-custody of your staked JUNO (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked JUNO (i.e. Fireblocks).
What is the lockup period to stake JUNO? When can I unstake and withdraw my JUNO?
The lockup period for JUNO is 28 days. Rewards are not compounded and therefore appear in your wallet each time that you are awarded them. If you should choose to delegate your JUNO to another validator, this can be done at any time without unstaking. This is a process called re-delegating.
How rewards and penalties work?
Rewards are distributed every time a block is produced. These rewards will, in future, be made up of transaction fees from the block, and new JUNO introduced to the ecosystem through consensus. The inflation of JUNO reduces per year, starting at 40% inflation in the first year and getting reduced down to 1% inflation per year after 12 years.
Penalties for downtime and double signing are a 0.01% and 5% slashing of stake respectively. Downtime accounts for inactivity after 10,000 blocks.
What is the average block time on JUNO?
The average block time on JUNO is ~6 sec.
What is an Annual Percentage Rate (APR) and how is it different from Annual Percentage Yield (APY)?
APR, or annual percentage rate, is the fixed interest rate earned on an investment over a one-year period. It is the percentage of return investors can expect to receive on their investment. On the other hand, APY or annual percentage yield, takes into account the compounding of interest on a fixed schedule. It includes both the interest earned and the interest on previously earned interest.
When it comes to PoS protocols, compounding does not always apply as additional validators can be needed to stake more. Therefore, APR is used instead of APY. It's worth noting that APY and APR cannot be compared directly, as they measure different things. However, it is possible to convert APR to APY and vice versa.
Where can I learn more about JUNO?
There are many existing resources but we invite you to visit the JUNO foundation's website and to check our latest articles on our blog.
