Introduction
Staking Terra can be a great option for those who want to hold LUNA but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Terra (LUNA) tokens
In order to stake Terra, you need to have it. To obtain Terra, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Terra wallet
Once you have LUNA, you’ll need to choose a Terra wallet to store your tokens. Here are some good options.
- 3
Delegate your LUNA
We recommend using a staking pool when staking LUNA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LUNA, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Terra network. You’ll be rewarded with LUNA for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Terra (LUNA) is currently priced at $0.3546, with a 24-hour trading volume of $35.75M. In the last 24 hours, Terra has seen an increase to 0.42. The market cap of Terra stands at $284.24M, with 764.72M in circulation. For those looking to buy or trade Terra, reputable platforms like Wirex, Kraken, Binance, OKX, BTSE and Bitmart offer avenues to do so securely and efficiently.
- Market cap
- $284.24M
- Volume
- $35.75M
- Circulating supply
- $764.72M
_4_11zon.webp&w=828&q=75)
LUNA
AVAX
BNB
BTC
ADA
LINK
DOGE
ETH
DOT
SHIB
SOL
USDT
USDC