Staking JUNO: Step by Step Guide
Juno Network is an advanced blockchain platform designed to simplify the creation and deployment of decentralized applications (dApps) and smart contracts with the ability to interoperate across different blockchains. It is part of the Cosmos ecosystem and provides developers with powerful tools for building secure and scalable applications.
You can read more about the project in this article.
In this guide, we will take a detailed look at the process of delegating Juno coins to the Life and Crypto validator using the Keplr wallet.
Step 1: Install and configure the Keplr wallet
Install the Keplr extension:
Visit the official Keplr website: Keplr Wallet.
Click "Install Keplr" and follow the instructions to install the extension in your Chrome browser.
Create a new wallet or import an existing one:
After installation, click on the Keplr icon in your browser.
Select "Create new account" to create a new wallet or "Import existing account" to import an existing one using the seed phrase.
Save the seed phrase in a safe place and do not share it with anyone.
Add the Juno network to Keplr:
Keplr automatically supports the Juno network.
Step 2: Top up your Juno balance
2.1. Getting a Stargaze address
Open Keplr by clicking on its icon in your browser.
In the search bar, type "Juno".
Copy your unique Juno address, it starts with "juno1...".
You can copy the address by clicking on it or using the "Copy" button.
2.2. Balance replenishment
To replenish your balance, you need to send Juno coins to this address.
You can buy Juno on the Osmosis DEX exchange and withdraw them to your Juno address.
It is important to make sure that you choose the right network for the transfer: Cosmos SDK (Juno), not ERC-20 (Ethereum) or another.
After the transfer, wait a few minutes until the transaction is confirmed in the blockchain.
Step 3: Delegating coins to the Life and Crypto validator
3.1. Go to the staking section
Open Keplr and go to the Staked tab, then go to the dashboard.
In the search bar, type Juno and click on it
In the list of validators we find "Life and Crypto", click on it. You can use the search function.
In the next window you will see the network name (1). Validator commission (2). Validator voting power (3). Staking refund period (4). If everything suits you, then click the Stake button
We enter the amount we want to stake and press the Stake button again.
If you have done everything correctly, you will see a confirmation in the upper right corner of your browser.
In the dashboard, by going to the Staking section, you will see which network you are staking coins in and which validator (1). After some time, you can collect your rewards by clicking on the Claim button (2)
Step 4: How to withdraw coins from staking
To withdraw coins from staking, you need to go to the dashboard - Staking section - select a validator.
Next you need to click the Unstake button
Read the warning and the terms of return of coins. Enter the amount you want to return from staking and click the Unstake button. The process of unfreezing coins (unbonding) in the Juno network takes 28 days.
Conclusion
The Life and Crypto team is grateful to everyone who supports us. Delegate your tokens to our validator.
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