Stake to secure the defi zone on Cosmos.
Kujira 🐋 Introduction
Kujira is a high-throughput Cosmos Proof-of-Stake blockchain that offers access to a wide array of defi (decentralized finance) applications. It’s built using the Cosmos SDK which runs on top of Tendermint Core consensus engine.
Kujira, a blue chip project from the Terra ecosystem has recently made the jump to launch its own SDK based network and is now sovereign and ready to interoperate with the Cosmos ecosystem at large via the most advanced inter- blockchain communication protocol (IBC).
Several quality dapps are ready to go live including BLUE, FIN, ORCA and BELUGA giving Kujira an instant adoption boost.
Here a brief overview:
FIN
Liquidity pools are out of date and no longer fit for purpose. FIN creates a fully decentralized trading experience where the need for inflationary incentives and bots are no longer required, and the risk of impermanent loss falls away entirely. Welcome to the future of the DEX.
ORCA
ORCA is the world’s first public marketplace for liquidated collateral. It’s no longer a bot only game. Now you can participate in securing your favorite assets while getting discounts on them (and earn interest while you wait). Read more on Medium here. Happy hunting.
BELUGA
Sending individual transactions over and over can be a real pain. Beluga has you covered. For now, a convenient tool in its suite of dApps. Moving forward, look out for BELUGA becoming a multi-featured DAO for all things payments on Cosmos.
BLUE
BLUE is the heart of the Kujira ecosystem. The place where you help shape the future of the protocol via governance. It’s also where you can stake $KUJI in order to earn a portion of every cent of Kujira’s revenue.
How to buy $KUJI?
The fastest way to acquire $KUJI within the Cosmos ecosystem is via FIN the native orderbook DEX. FIN not only grants you access to $KUJI but will also soon support other major Cosmos native assets such as $ATOM & $JUNO.
Note: Currently the easiest way to get liquidity onto FIN is by simply transfering $USDC from a major Cosmos DEX like Osmosis app.osmosis.zone directly to your Kujira address on Keplr.app and start swaping or trading into $KUJI.
How to stake $KUJI?
- Once you acquired $KUJI via FIN, make sure to “claim” your filled order.
- Your $KUJI are now sent to your Keplr wallet
- Now open BLUE
- Select SG-1 here your favorite validator in the Cosmos ecosystem
- Click on “Stake” to SG-1
- Enter the amount you wish to delegate
- Keplr will automatically open up and ask you to complete the delegation tx
- Approve the request.
Congratulations 🥳 you have successfully staked your $KUJI and are securing the Kujira main-net.
Note: Contrary to many Cosmos SDK based networks, on Kujira you dont earn inflation rewards. Stakers actually earn true revenue in the form of USDC and KUJI that is generated by the dapps running on Kujira. This may look less appealing initially but in the mid and long term is the only sustainable way to scale up without diluting your native asset.
What are the advantages & risks of staking directly on the network instead of a centralized exchange?
There are several advantages. Non-custodial staking means you have full control over your assets & potential airdrops/stakedrops. Additionally you have full rights to vote in on-chain governance and you earn the highest possible staking rewards. The risks posed are soft slashes (may happen occasionally) and hard slashes (very unlikely).
Why stake with SG-1 Validator?
SG-1 runs enterprise grade infrastructure and our focus is to always provide maximum node up-time. In the unlikely event that our nodes ever go down you do not need to worry. Your are staking on a non-custodial basis (Validator never has control over your funds).
SG-1 charges a low & fixed commission of max 5% on all networks. Meaning you maximize your staking rewards.
Speak with us or our delegator base directly on Telegram. We are here to help 24/7.
🌱 Official Web: https://sg-1.online/
🌱 Official Twitter: https://twitter.com/sg1_online
🌱 Official Telegram: https://t.me/sg1online
