StakeEasy is a staking Derivative protocol for Juno Network. Users can stake their JUNO token and get a Derivative token seJUNO or bJUNO in return.
seJUNO increases in value as the staking rewards get accumulated on the platform. Users have a freedom to choose their staked JUNO as seJUNO or bJUNO.
If you want to know the difference between seJUNO and bJUNO, please read out this medium blog.
https://stakeeasy.medium.com/stakeeasy-mechanics-1-sejuno-and-bjuno-whats-the-difference-2b52d90d5921
How StakeEasy makes your $JUNO staking experience better ?
1. Auto compounding for seJUNO
The benefit is in the name. Automation means you don’t have to sit in front of the computer and manually compound returns every time.
StakeEasy has automatic compounding of staked JUNO in every 24 hours. This benefits the delegator as no manual input required from their end, so it saves the delegator’s effort and gas fees spent on staking those rewards.
2. Validator diversification
StakeEasy introduces a model to stake not just to one but to multiple validators at once(tokens divided equally amongst them). These validators are chosen based on a set of different parameters to make sure that the right set of validators is chosen for staking.
3. Dynamic validator set
StakeEasy keeps this set of validators as dynamic in nature and ranking is recalculated frequently enough to not have the validator set obsolete and also not make too many re-delegation transactions.
This would also help the platform mitigate the risks such as:
- Validator disconnecting its services and the delegator being unaware of such event and rendered not being able to earn staking rewards.
- Validator changing commission.
- Validator being down for an extended period of time.
4. User Friendly UX
StakeEasy offers better UX while using the protocol, to make the staking process smooth with just a few clicks.
Users can track the account statistics, protocol statistics & various DeFi opportunities (coming soon) within the application.
5. Governance by Proxy
StakeEasy believes in Governance. This feature will allow users to have a right to vote. Enabling the involvement of the community will govern the development and operations and to ensure overall development.
Users with staked SCRT will be able to vote for decision making, ensuring all aspects of network sustainability are being addressed.
6. Liquid staking
Liquid staking also contributes to the overall strength of the network as well.
Staking is made liquid by issuing seJUNO or bJUNO token as a representation of the value of staked JUNO. This means that the liquid token now holds the value equal to the value staked plus the rewards earned and is in the possession of the delegator so it gives the delegator the opportunity to invest seJUNO or bJUNO token in some other protocol causing better use of the assets.
7. DeFi integration
StakeEasy’s Liquid staking has the ability to unlock the potential by giving users the ability to not only stake their JUNO, but have the liquidity to use those assets in DeFi projects during the lock-up time. This opportunity not only increases yields for the individual, but has the ability to grow staking participation in general. Increased participation in staking not only strengthens the network, but is a boon for everyone involved — and will build the future of the crypto ecosystem.
seJUNO or bJUNO token will open up the door to multiple DeFi integration opportunities such as providing liquidity to DEXs, taking out a loan from a lending protocol or doing leveraged staking, no loss lottery while earning staking rewards from network staking at the same time.
Staking JUNO is much profitable than expected,
Experience now with StakeEasy at https://juno.stakeeasy.finance/
Want to learn more? Join the StakeEasy community
Stay tuned across our socials for further updates.
Discord: https://discord.gg/gKjzApDstD
Twitter: https://twitter.com/StakeEasy
Website: https://stakeeasy.finance
