Stride Staked JUNO Price(STJUNO)

Stride Staked JUNO or $stJUNO is a liquid staking derivative token that allows users to stake their JUNO tokens and receive $stJUNO in return. This mechanism ensures that users maintain liquidity while still reaping the benefits of staking rewards.

The core innovation behind Stride Staked JUNO lies in its dual functionality: it enables users to actively participate in DeFi activities while earning passive returns from staking. By converting JUNO tokens into $stJUNO, users can engage in various decentralised applications (dApps) that require liquidity, thereby enhancing their potential yield.

The primary aims of Stride Staked JUNO incorporate several pivotal objectives:

1. Secure Engagement: It provides a secure method to stake JUNO tokens without forfeiting access to liquidity.
2. Maximised Rewards: By maintaining a continuously earning asset, users can capitalise on multiple streams of yield, regardless of market conditions.
3. Flexibility in Transactions: Users can choose to either redeem their staked tokens back to native JUNO or leverage $stJUNO across numerous DeFi platforms instantly.