JUNO

Stake JUNO with Kiln, enterprise-grade staking

Ernest Oppetit, Chief Product Officer
September 27, 2022

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.

 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?

In a Proof-of-Stake blockchain, Staking consists of locking native tokens to earn the right to secure a chain, and earn a yield while doing so. It has overtaken mining as the primary way to secure blockchains. 

Staking consists in locking native tokens (ie JUNO) into “Validators” to earn the right to secure a chain by proposing new blocks or attesting other validators blocks, and earn a yield while doing so.

Why should you stake your assets?

Staking generates the safest and most predictable yields in the crypto space. It’s the most natural yield feature in crypto as the value origins from the blockchain native currency inflation, which is forecastable. By staking your JUNO tokens, you help secure the network and earn rewards while doing so.

You can stake your JUNO as well as other PoS cryptocurrencies to:
  • Put your treasury to work
  • Diversify and earn
  • Bring new opportunities to generate safe yields to your users
You stake
$100M
You get
$5.8M
/
every month

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. 

 

  1. Install the KEPLR Extension
  2. Login to the Kiln dashboard
  3. Initial Stake by selecting your Account and the amount of JUNO
  4. Connect your KEPLR to Kiln
  5. Delegate Stake
  6. 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 58.64% APR from each validator you stake on Kiln.

Protocol Card
Expected yield
%
Token
Juno
APY
58.62%
Number of live validators
150
Node type:
Validator

Why should you stake your JUNO with Kiln?

Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake JUNO, and to whitelabel JUNO staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, data and commission management.

We are serving thousands of businesses worldwide so that everyone can securely and seamlessly stake their coins from our dashboard, a hardware wallet, a browser wallet, a B2B custodian, a crypto exchange or just their favorite investment app. Kiln makes staking JUNO easy, secure, and accessible to everyone.

  • 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?

Get in touch with our team to discuss Prime customers advantages and unlock the full Kiln experience.

Stake JUNO FAQ

What does Proof-of Stake mean?

Proof-of-Stake (PoS) is a type of consensus mechanism used to validate cryptocurrency transactions. Both Bitcoin and Ethereum, the two most famous blockchains, use for now another type of consensus named Proof-of-Work, that requires a not-insignificant but feasible amount of effort in order to deter frivolous or malicious uses of computing power. However, Ethereum plans to transition to the Proof of Stake (PoS) algorithm as part of their development roadmap. The main reasons for this are because it is more secure and less energy-intensive.

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.

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.