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.

Suberra is a payment infrastructure for Web 3.0. The software and APIs allow businesses to accept recurring payments from users with Stablecoins to pay for things like subscriptions.

Glow is bringing to life a world of dApps that leverage DeFi yield to unlock new and exciting user experiences, accessible to everyone. The Glow Protocol’s job is to govern and set the vision for this world of dApps. The Glow Token (GLOW) is Glow Protocol’s governance token. GLOW tokens can be deposited to create new governance polls, which can be voted on by users that have staked GLOW.

Astral creates and developers user experiences, developer tooling and integrations for the Terra blockchain to help link traditional finance systems to the decentralized finance world. Astral payments allows for merchants to integrate acceptance of Terra based stablecoins into their eCommerce CMS and process payments for users with lower fees and quicker settlement times than traditional payment gateways. Astral Money also includes a non-custodial, MFA supported finance account that allows users to top up, spend, save and invest using Terra stablecoins with numerous protocols and vendors.

Levana – LEVarage ANy Asset, is the hub of leveraged products across the Terra ecosystem. Besides, Levana is also a project cherished by Delphi Labs to work closely with Mars Protocol – “a bank” in the crypto market. Levana’s first product is the Levana Leverage Index – the LII token, which allows you to participate in leveraged positions that Levana offers. These LLI tokens will then be minted in leverage pools, you just need to own through AMMs on Terra like Astroport, TerraSwap and Loop Finance, as simple as swapping LUNA to LUNA 2x-LLI.

Introducing Kinetic Money, which will enable withdrawing the yield that will be earned in the future, effectively creating a collateralized debt position that pays itself back over time. Kinetic will be an innovative financial instrument that enables you to put your money to work even harder. By depositing UST and/or other collateral types, Kinetic Money will allow you to take out a certain percentage (initially up to 50 %) of the collateral value as synthetic asset $kUST. Essentially withdrawing your future yield, which can be reused elsewhere, e.g. to generate even more yield. All of this is possible while your deposited collateral is working in the background.

Valkyrie Protocol’s mission is to proliferate “Share to Earn” and powers DApp activations across the digital ecosystem. Through Valkyrie, protocols seeking to achieve a defined objective can create campaigns to promote their projects and set reward structures to incentivize user participation.

Spectrum Protocol is an Innovative, Decentralized Yield Optimizer platform that allow users to earn compound interest on their crypto assets farming. With various investment strategies secured and governed by smart contracts, Spectrum Protocol automatically maximizes rewards from various liquidity pools (LPs) and other yield farming products in Terra ecosystem.

Empowering retail investors to keep the UST peg via L1 seigniorage arbitrage as well as participate in other complex automated trading strategies through a simple user friendly experience.

Thorstarter is the first decentralized community-driven Venture DAO. We offer projects not just a smooth, fair, secure IDO experience, but also access to our community, KOLs, investors, and marketing services. As a full suite premium launch solution, Thorstarter is uniquely positioned to offer our community the best Ethereum, THORChain, Terra, and soon Fantom and Solana ecosystem projects. As an IDO platform for young projects, Thorstarter provides our partners with deep liquidity right from the start through liquidity grants. Alternatively, Thorstarter enables existing projects to reach investors and participants across multiple blockchains by creating a liquidity pool for their token paired with XRUNE.

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