Terra

Terra

Validator Address:terravaloper1khfcg09plqw84jxy5e7fj6ag4s2r9wqsgm7k94
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Status:Mainnet
Fee:5%
Uptime:100%

What is Terra

Terra is a decentralized Proof of Stake (PoS) blockchain protocol. It uses a basket of fiat-pegged stablecoins which are algorithmically stabilized by its native crypto asset, LUNA. Terra is aimed at the mass adoption of cryptocurrencies. To accomplish this ambitious goal, Terraform Labs, the company behind Terra, is developing an entire ecosystem of financial platforms.


What is Luna

LUNA is the native staking token of the Terra protocol and foundational asset for the entire ecosystem. It has two core functions which are ensuring the price stability of Terra stablecoins and providing incentives for the platform’s validators. Since LUNA is the stability mechanism, LUNA delegators are entitled to earn rewards for providing network security.


Where to buy LUNA?

You can buy LUNA on a number of popular exchanges, including the world’s top exchange in terms of trading volume Binance. Also note, there is no minimum requirement to stake LUNA for delegators.


How to delegate Luna (Staking)

  • Using Terra station

Stake your Luna to a validator to start earning rewards. Before you stake, make sure you have Luna in your wallet. You can transfer Luna from an exchange or swap coins you have for Luna.

  1. Open Terra Station and click Staking.
  2. Select a Validator and click on their name in the Moniker column of the validator list.
  3. In the My delegations section, click Delegate. A new window will appear.
  4. In the Amount field, specify the amount of Luna you want to delegate, and click Next.

    Always keep some coins to pay fees with. Never stake your entire wallet amount. Without money for fees, you can’t make any transactions.
  5. Double check the amounts and fees. Enter your password and click Delegate.

Congratulations, you’ve just delegated Luna!


When to receive first staking reward

Rewards start accruing the moment you stake Luna.


What is the unbonding period on Luna

When you decide to undelegate your LUNA tokens, there is a 21 day unbonding period during which neither rewards accrue nor your LUNA tokens can be freely traded.


Are there any risks while delegating LUNA tokens?

There is a risk of loss of funds if a validator misbehaves. In this case, its stake will be penalized, hurting both the validator and those who stake with it. For example, the slash for double signing will be at 5%, and if the validator experiences significant downtime or does not participate in the oracle process, the slash will be at 0.01%. Therefore, it is crucial to choose the validator with a good reputation like 01node.


To know more about Terra’s ecosystem

Terra’s Discord
https://discord.gg/e29HWwC2Mz

Terra’s Medium
https://medium.com/terra-money

Terra’s YouTube
https://www.youtube.com/channel/UCoV1RXZ9ZBGcuu_PMTTlM0g

Terra’s Telegram
https://t.me/terra_announcements

Terra’s Website
https://www.terra.money/

Terra Projects

The data provided here is not an endorsement of the projects.
Please DYOR before investing in any project.

Angel Protocol is a global social enterprise that leverages revolutionary decentralized finance (DeFi) yield mechanisms such as Anchor Protocol’s 20% ‘Earn’ functionality to create perpetual charity endowments.

These endowments enable donations to compound over time. A portion of the interest generated is reinvested, perpetually growing the endowment, with the remainder being made immediately available to the charity for use. Through Angel Protocol, we seek to empower charities with a pathway to financial freedom.

Apollo is the first yield optimizer in Terra, with over a 150million TVL locked within a few days after they announced their community farming event. The most important aspect of Apollo Dao is their Warchest.

The Warchest is a pool of capital, which will be bootstrapped with the revenue received by Apollo DAO and managed/deployed by Apollo token holders. The team will provide tools to the community to effectively use this capital. Apollo token holders will have the power to decide what farming strategies to implement using Warchest, beginning with 50% UST, 20% bETH and 30% aUST at launch.

The Kash Payments app is expected to offer customers a seamless mobile payment experience with lower transaction fees and instant settlement based on blockchain technology.

The Company is working to design this solution for any type of P2P transfer such as remittance and e-commerce markets, working with partners to facilitate payments using the Kash stablecoin. The goal is to leverage DeFi payment rails to provide faster and more secure transactions at a fraction of the cost with savings for customers and merchants.

LoTerra is a gaming platform completely decentralized and open-source. The ecosystem is entirely managed by a Decentralized Autonomous Organization (DAO) which governs the games thanks to a system of votes according to the possibilities authorized by the smart contract.

Loop Finance is the first decentralized exchange on the Terra blockchain with incentivized liquidity pools. Loop Finance was co-founded by an Australian team of entrepreneurs and software developers.

Tom Norwood, Simon Rahme, Marcela Rodriguez, Eric East, Chad Stephens, and Marco Tebaldi.

At a high level, Spar is a decentralized pool management application on Terra that enables passive management of investor liquidity at promising rates of return and favorable fee models for active pool managers. An intuitive way to think of Spar is a decentralized hedge fund pool, similar to DHedge on Ethereum, where isolated liquidity pools of depositor assets rebalance and adjust based on the pool manager’s specific investment strategy or long-term thesis.

StarTerra is the first gamified launchpad with a unique combination of guaranteed & lottery based prize pools. There is no doubt, StarTerra has been created by and for the community. At the same time, the foundation of StarTerra is an extraordinary story that seems like it came out of a movie!

The TALIS platform aims to foster the proper incentives for Artist, Customers, and Printing Businesses to freely connect and exchange. Governance via Token Holders is used to further optimize the TALIS platform.

Artists will be able to mint both classical and exploitable NFTs. The former allows artists to enjoy a more familiar experience: minting, selling, and transferring digital NFTs. In the event of subsequent sales and transfers, artists will be entitled to predetermined royalties.

Shop like a true crypto-native. Redeem your UST stablecoins for everyday goods, electronics, and more.

Vega is a protocol for creating and trading margined financial products on a fully decentralised network.

The network, secured with proof-of-stake, will facilitate fully automated, end-to-end margin trading and execution of complex financial products. Anyone will be able to build decentralised markets using the protocol. Built-in liquidity incentives match traders and market makers across any financial product, to solve the problem of attracting and allocating market making resources, especially for long-tail markets.

Vega will connect to major blockchains for collateral, which can be in any digital asset including Bitcoin, ERC20 tokens, and stable coins, so participants will be able to choose from a range of collateral options.

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