How to Stake Terra Classic (Wormhole) (LUNC)

Introduction

Staking Terra Classic (Wormhole) can be an excellent choice for those looking to hold LUNC while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

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

   To stake Terra Classic (Wormhole), you must first acquire it. To obtain Terra Classic (Wormhole), you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Kraken	Terra Classic (Wormhole) (LUNC)	0,00004275 APY
   CoinEx	Terra Classic (Wormhole) (LUNC)	0,00004275 APY
   Hotcoin	Terra Classic (Wormhole) (LUNC)	0,00004269 APY
   Kucoin	Terra Classic (Wormhole) (LUNC)	0,00004265 APY
   MEXC Global	Terra Classic (Wormhole) (LUNC)	0,00004266 APY
   WhiteBit	Terra Classic (Wormhole) (LUNC)	0,00004269 APY

   Check out all 11 prices

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

   Once you have LUNC, you'll need to select a Terra Classic (Wormhole) wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Kucoin	Terra Classic (Wormhole) (LUNC)	Up to 3% APY

3. 3. Delegate Your LUNC

   We recommend using a staking pool when staking LUNC. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their LUNC, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   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. For these validations, you'll receive rewards in LUNC.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.