Where and How to Stake Terra Classic (Wormhole) (LUNC)

Introduction

Staking Terra Classic (Wormhole) can be a great choice for those who want to hold LUNC but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.

Step-by-step Guide

1. 1. Get Terra Classic (Wormhole) (LUNC) Tokens

   To stake Terra Classic (Wormhole), you need to have it. To obtain Terra Classic (Wormhole), you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Kraken	Terra Classic (Wormhole) (LUNC)	0.00005459
   MEXC Global	Terra Classic (Wormhole) (LUNC)	0.00005474
   Kucoin	Terra Classic (Wormhole) (LUNC)	0.00005474
   CoinEx	Terra Classic (Wormhole) (LUNC)	0.00005456
   Hotcoin	Terra Classic (Wormhole) (LUNC)	0.00005469

   See all 10 prices

2. 2. Select a Terra Classic (Wormhole) Wallet

   Once you have LUNC, you’ll need to choose a Terra Classic (Wormhole) wallet to store your tokens. Here are some good options.

   Platform	Loonies	Staking rewards
   Kucoin	Terra Classic (Wormhole) (LUNC)	Up to 3% annual percentage yield

3. 3. Delegate Your LUNC

   We recommend using a staking pool when staking LUNC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LUNC, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 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 Classic (Wormhole) network. You'll be rewarded with LUNC 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.