Juno

Cosmos SDK

Overview

Juno is a Cosmos-derived smart contract network which brings interoperability via multi-chain and cross-chain smart contract interactivity. Juno connects to Cosmos’s IBC protocol enabling cross-chain smart contracts on any other protocol connected to IBC in the Cosmos Ecosystem which has smart contract modules enabled.
Juno is permissionless, decentralized and is Cosmos De Facto smart contract hub of Cosmos. Similarly to Cosmos, Juno takes an community-oriented approach to bootstrapping and liquidity provisioning by providing the community and contirbuters with airdrops if they meet the pre-required criteria.

Staking Information

APY
~65%
Total Supply
Inflationary
Compounding
Manually claimed by the delegator
Reward Distribution Period (Payout frequency)
Every block
Unbonding Period
28 Days
Figment Validator Address
junovaloper1hjct6q7npsspsg3dgvzk3sdf89spmlpfpgm64m
Recommended Wallet
Slashing Penalty
5% on double signing, 0.01% on downtime
Burn Mechanism
None, tokens are only burn if a no with veto threshold is met for a governance proposal
Validator Diversity
Juno currently has 150 validators

Staking Guide

See Staking Guide here

Ready to Stake? Here’s what you need to know:

Key JUNO Staking Considerations:

  • Rewards are distributed daily
  • 0.01% penalty for soft slashing, 5% penalty for hard slashing
  • 80% reward rate (stay up to date on the Steakwallet app!)
  • 28 day unbonding period
  • New delegation required for compounding rewards
  • Leave a little JUNO leftover in your wallet for bonding and unbonding fees
Staking $JUNO: Steakwallet guide
For the guide below, we will be using the Steakwallet mobile application. Steakwallet can be downloaded on iOS or Android. Steakwallet is a non-custodial wallet, and requires you to keep track of your own mnemonic phrase. To learn more about custody and best practices, check out our “What is Custody?” video.
To begin staking with Steakwallet, you first need to download the wallet from either the iOS or Android app store onto your mobile device. Once downloaded, you can open the app and begin the setup process.
To begin creating your Steakwallet account, follow these steps on screen. Simply create a new wallet, agree to the terms, and backup your 12 word phrase. It is extremely important that you backup your secret phrase. Be sure to write down and safely secure your wallet's 12 word backup phrase. This is the only way to recover your wallet. Once you have created your wallet and backed up your 12 word phrase, you are ready to use Steakwallet.
Welcome to the Steakwallet interface. Here, you can scroll down and see the different staking options such as Osmosis, Juno, and Akash pictured above. For the purposes of this guide, we will be staking JUNO.
To stake JUNO, scroll down on Steakwallet and find the JUNO section. Clicking on this section will bring up the JUNO staking interface, allowing you to deposit JUNO over to your Steakwallet. Clicking “Receive” will bring up the above view, which allows you to simply send over JUNO to the address provided by Steakwallet.
Once you have funded your wallet with JUNO, head back down to the staking interface. When you are ready to start staking, click “Stake”.
From here, select how much of your JUNO balance you wish to delegate. Important reminder: Be sure to leave some JUNO left over for delegating and undelegating fees. Select the amount of JUNO you wish to stake, click “Preview Stake”, and then confirm the stake on the next screen.
After waiting a couple of seconds for confirmation, your stake will be confirmed. Congratulations, you have successfully staked using Steakwallet! Now, Steakwallet’s interface will show what you are staking versus your normal balance.
Here, you can now see how much of your balance is staked versus available. This view also shows some key JUNO staking information. An important note to keep in mind is that you have to manually claim your JUNO rewards. From here, you can re-stake rewards, or unstake tokens.

More on Steakwallet

Steakwallet is a mobile-first, multi-chain, non-custodial wallet that allows users to easily stake tokens and earn rewards. Steakwallet can be downloaded on iOS or Android, allowing you to instantly secure, send, receive, and stake over 10 different cryptocurrency assets.
Being non-custodial, Steakwallet gives you full ownership of your assets and wallet private keys. With Steakwallet, you are always in control of your assets.
Steakwallet makes every part of the staking experience user friendly from delegation, rewards claiming, unbonding, and more. Currently, Figment is Steakwallet’s trusted validator for Osmosis, Akash, Kava, The Graph, Cosmos, Solana, JUNO, Juno, and Terra.
If you are looking to learn more about staking in general, please check out our “What is Staking?” video.

Staking $JUNO: OmniFlix + Keplr guide

To begin Staking JUNO using the Keplr wallet, head over to https://juno.omniflix.co/ and connect your Keplr wallet
Once you have connected your wallet, you should see your JUNO balance in OmniFlix.
To begin the staking process, click “Stake Tokens” under your Available token balance.
To stake tokens with Figment, scroll on the list to find the Figment validator. Now simply enter the amount of tokens you wish to stake, and click “Stake”
Reminder to leave some JUNO left over in your wallet for staking and unstaking fees.
Once the transaction confirms, congratulations! You have successfully staked JUNO tokens using OmniFlix.
Now, the OmniFlix dashboard will reflect your new stake. If you have any questions throughout the process, be sure to join Staking Hub, our one-stop shop for all things staking.
Please reach out to [email protected] if you plan to stake more than 1 Million USD in JUNO tokens.

Governance Overview

Juno’s network governance is on-chain and 1 JUNO counts as 1 vote. Juno recently has been added to Commonwealth and this along with Juno’s discord are likely to be the most active forums for discussion of governance proposals on the network.

Ecosystem Overview

Juno is already building NFT marketplaces, NFT collectibles, a metaverse, an AMM, DAOs and multiple other dApps with more dApps and airdorps occuring all the time.
Here’s just a few of the most significant dApps and projects being built on Juno:
  • Juno explorers: JunoScan and Mintscan
  • Passage 3D and the Strange Clan
  • Cosmverse
  • JunoSwap DEX
  • $NETA airdrop
  • Juno Mint
  • Juno Juicer
  • de(NS)
  • DAODAO
  • DaoUp
Juno FAQs
What is Juno?
Juno is a Cosmos-derived smart contract network that brings interoperability via multi-chain and cross-chain smart contract interactivity. Juno connects to Cosmos’s IBC protocol enabling cross-chain smart contracts on any other protocol connected to IBC in the Cosmos Ecosystem which has smart contract modules enabled.
Juno is permissionless, decentralized and is the de facto smart contract hub of Cosmos. Similar to Cosmos, Juno’s wider ecosystem takes a community-oriented approach to bootstrapping and liquidity provisioning by providing the community and contributors with airdrops if they meet the pre-required criteria.
What is protocol staking?
On a Proof of Stake blockchain, protocol staking is the act of depositing tokens in order to become a validator; that is, to participate in proposing and attesting to transaction blocks. Anyone with a minimum necessary coin balance can validate transactions and earn staking rewards on these blockchains.
What is the name of the asset being staked?
The native token on Juno is called JUNO.
What is the JUNO token used for?
JUNO is also used for staking purposes to secure the Juno network which rewards delegators and validators. The JUNO token is used to vote on governance proposals via on-chain voting, to cover transaction fees and smart contract costs on the network
Where can I explore the network and create a Juno wallet?
Explorer 1: https://mintscan.io/juno Explorer 2: https://junoscan.com/ Wallet: Keplr or Steakwallet
How long does it take to stake and unstake?
From the moment you initiate the unbonding process, it takes 28 days to unstake. During this time you will not earn rewards. When the process is complete, you can transfer/trade your JUNO tokens.
Will I keep receiving rewards after I unbond?​
No. Once you unbond you stop receiving rewards.
Which type(s) and what rate of rewards can I expect?
You should expect approx. 67% APY. To learn more about Juno’s staking incentive structure click here.
When does reward get distributed? Is staking income liquid or automatically staked?
Staking rewards in Juno gets automatically distributed every block (roughly 6 seconds). Figment is never in control of your rewards. There’s no auto compounding feature in Juno therefore staking income remains liquid and is not staked automatically.
How is staking income disbursed?
Automatically in the protocol, pro-rata, with the operator's commission taken off the top.
Can I lose potential staking rewards?
Your potential rewards depend upon validator performance. When your validator is down, you will not be earning staking income.
Can my staked JUNO be slashed (seized or destroyed)?
Yes. Juno applies slashing penalties to both double-signing and downtime:
Double-signing instead occurs when your validators sign two blocks at the same height. In this case both validators and delegators would be slashed by 5% of the assets staked. Downtime occurs when you delegate to a validator that misses 10,000 blocks, which is approx. 18 hours. In this case both validators and delegators would be slashed by 0.01% of assets staked for 10,000 blocks. Downtime jail duration lasts 600 seconds
What is the rate of new issuance (aka "annual inflation") for JUNO? How does the token supply change?
JUNO’s tokenomics follow a fixed inflation rate: First year: 40% inflation Second year: 20% inflation Third year: 10% inflation From this point onwards, the fixed inflation rate reduces itself in gradations of 1% each year until it reaches a 1%.
Currently, the Juno Network has a fixed inflation set at 40% with a total supply, in the current year of 90.864.540 $JUNO.
What is the total supply of the JUNO token?
JUNO has a total supply of 64,903,242 $JUNO‌ and in its 12th year will reach 185,562,268 $JUNO presuming no JUNO is burnt. Do I maintain custody of my JUNO tokens? Who or what controls my staked tokens? Yes, Figment is non-custodial, which means we are never in control of your staking income and staked assets. Figment has partnerships with a number of top-in-class custodians: For inquiries, please contact [email protected]
How are decisions about Juno made and executed?
Juno’s network governance is on-chain and 1 JUNO counts as 1 vote. Most governance proposals on the network are being discussed here along with the Discord channel.
Juno’s governance has the following parameters: A quorum of 33.4% (total staked Juno) Threshold: 50% Veto Threshold: 33% Voting period: 5 days
Website
Discord
Twitter