Juno was founded by the same founders of Ethereum lending protocol Nuo. The firm's core feature is a savings account leveraging the Nuo protocol, offering 5.5% annual interest on USDC deposits. According to Juno co-founder Varun Deshpande, Juno is part of Nuo's "full stack DeFi strategy where we not only simplifying the user experience and acquire new users to DeFi but also lock liquidity within our ecosystem so that we can manage the entire user journey..."
Unlike similar lending products built on Ethereum, Juno users will not be directly exposed to the volatility of cryptocurrencies and blockchain. Instead, Deshpande and his team will be "removing the complexities of web 3.0 and volatility of crypto assets" by presenting an easily accessible interface.