Juno: Staking Guide

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Juno is the world's first sandbox environment for the deployment of interoperable & cross-chain smart contracts. The network is an open & permissionless platform that automatically executes, controls, or documents a procedure of relevant events and actions according to smart contracts. These interoperable smart contacts are usable across multiple networks via the inter blockchain communications protocol (IBC). 

Juno comes from a community driven initiative from users, developers, delegators, and validators in the Cosmos ecosystem. Juno helps eliminate common smart contact layer one bottlenecks through improved scalability, interoperability, low fees, ease of use, and a community governance model. 

The Staking guide below has two options. You can either stake JUNO through Steakwallet or OmniFlix. 


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.

More on JUNO

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