Kujira (KUJI) Staking

How to Stake KUJI

1. Navigate to https://kujira.network/

2. Hover your mouse on Earn and Click Stake

3. Click the Search field and type "Coinage x DAIC"

4. Scroll down and Click on the highlighted validator name

5. Click Stake

6. Click the Amount field and enter the number of KUJI tokens you want to stake

7. Click Stake KUJI

8. Approve the Keplr wallet transaction pop-up

9. Congratulations! Your KUJI tokens have been staked

About Kujira (KUJI)

Kujira is a decentralized ecosystem operating as a Layer 1 blockchain within the Cosmos network, dedicated to democratizing decentralized finance (DeFi) by providing accessible and sustainable financial tools for both retail and institutional investors. Initially launched as a set of decentralized applications (dApps) on the Terra network, Kujira transitioned to its own sovereign blockchain following Terra's collapse in May 2022, enhancing its resilience and autonomy.

The platform's native token, KUJI, serves multiple functions, including staking, governance, and transaction fees, fostering a community-driven approach to network development and decision-making. Kujira's integration with the Cosmos ecosystem via the Inter-Blockchain Communication (IBC) protocol enables seamless cross-chain interactions, broadening its reach and interoperability within the DeFi space.

What Makes Kujira Special?

Kujira distinguishes itself through a suite of innovative, revenue-generating products designed to provide fair and equal opportunities for all market participants:

• ORCA: A decentralized liquidation platform that allows users to participate in liquidation opportunities without the need for bots or advanced technical skills, leveling the playing field for retail investors.
• FIN: A decentralized exchange (DEX) offering efficient and user-friendly trading experiences, contributing to enhanced liquidity within the ecosystem.
• BLUE: The central hub for staking, governance, and cross-chain functionality, enabling users to manage their assets and participate in network decisions seamlessly.

Additionally, Kujira's semi-permissioned model ensures that new projects undergo community governance votes before launching, maintaining quality control and sustainability within the ecosystem. This approach fosters a collaborative environment where all participants can contribute to the network's growth and success.

By focusing on inclusivity, sustainability, and innovation, Kujira is reshaping the DeFi landscape, making advanced financial tools accessible to a broader audience and promoting a fairer financial ecosystem.

Links:

• Website
• Github
• Blog
• Explorer
• Twitter
• Discord
• Reddit

Learn More About Kujira

• Grown-Up DeFi: Kujira Innovations
• Inside Kujira's DeFi Universe

Kujira Staking FAQ

How much can I make staking KUJI?

The return from staking KUJI varies based on the network's overall staking participation, real yield, and specific validator commission.

How do I receive my KUJI rewards?

KUJI rewards need to be claimed. Visit Blue to claim your staking rewards

When can I start earning rewards with KUJI?

You can start earning staking rewards as soon as your tokens are successfully delegated to a validator.

Can I sell KUJI while it is staked?

Staked KUJI tokens cannot be sold,they need to be unstaked first. The unstaking period for KUJI is 14 days.

What are the risks around staking KUJI?

Staking KUJI comes with risks like slashing (penalty for the validator), price volatility, and liquidity risk (inability to sell during the lock-up period).

What consensus algorithm does Kujira use?

Kujira uses a decentralized Proof of Stake (PoS) consensus algorithm.

What are the tokenomics of KUJI?

Read all about Kuji tokenomics here https://docs.kujira.app/tokenomics/kuji-token