Staking Overview

Staking on Terra Classic: Secure, Earn, and Govern

Unlock the potential of your Luna Classic (LUNC) by staking!

Support the network’s security, earn rewards, and participate in governance—all while helping to shape the future of Terra Classic.

What is staking in Terra Classic?

Staking in Terra Classic involves locking up your LUNC tokens and delegating them to validators who help secure the network. In return, both validators and those who stake their LUNC earn rewards.

By staking, you not only earn passive income in the form of LUNC but also participate in the governance of the Terra Classic blockchain, contributing to key decisions and proposals.

Staking helps maintain network decentralization and security, while also allowing users to engage actively in the ecosystem.

Key Features of Staking in Terra Classic

Delegation

LUNC holders delegate tokens to trusted validators to participate in staking without running their own node.

Rewards

Stakers earn LUNC rewards based on the performance of the validators they choose. Rewards are distributed proportionally depending on the amount staked.

Governance

Staking LUNC also gives holders voting rights on key governance proposals, ensuring community participation in network upgrades and decisions.

Unstaking Period

When unstaking (undelegating) LUNC, there is a 21-day unbonding period where tokens cannot be transferred or staked again.

Why stake your LUNC?

Staking LUNC is not just a passive way to earn; it’s a critical aspect of supporting and participating in the Terra Classic ecosystem.
Here are four key reasons to stake your LUNC:

Earn Rewards

When you stake LUNC, you delegate your tokens to a validator, and in return, you receive regular rewards. These rewards are distributed based on the validator's performance and are a way to earn passive income, providing a steady return for your contribution to the network.

Support Network Security

By staking LUNC, you help secure the Terra Classic blockchain. Validators use the staked tokens to validate transactions, ensuring the blockchain runs smoothly and is protected against malicious activity. The more LUNC staked, the stronger the network’s security.

Participate in Governance

Staking gives you the power to influence key decisions through governance proposals. Stakers can vote on changes to the network, such as protocol upgrades or economic adjustments, allowing you to have a direct say in the future direction of Terra Classic.

Strengthen Decentralization

Staking LUNC helps maintain the decentralized nature of the network. By delegating your tokens to various validators, you contribute to a more distributed and resilient blockchain, reducing the risk of centralization and ensuring the network remains secure and impartial.

How to stake your LUNC?

Terra Classic offers several compelling reasons for individuals and businesses to engage with its blockchain platform and ecosystem:

1. Choose a validator

You can stake by selecting a validator from the Terra Station wallet. Choose one with a solid reputation for uptime and low commission rates

2. Delegate LUNC

Decide how much LUNC you want to delegate and confirm the transaction

3. Track Rewards

Regularly check your rewards, which can be claimed at any time

Was this article helpful?

YesNo