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.
See all 15 pricesPlatform Coin Price Bitpanda Terra (LUNA) $0.33 YouHodler Terra (LUNA) $0.3268 Uphold Terra (LUNA) $0.6983 Wirex Terra (LUNA) $0.0006 Kraken Terra (LUNA) $0.3252 OKX Terra (LUNA) $0.327 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.
See all 7 staking rewardsPlatform Coin Staking rewards Kucoin Terra (LUNA) Up to 12% APY 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 $0.3268 with a 24-hour trading volume of $19.13M. In the last 24 hours, Terra has seen an increase of 0.58%. The market cap of Terra stands at 223.30M, with $687.66M LUNA in circulation. For those looking to buy or trade Terra, reputable platforms like YouHodler, Wirex and Kraken offer avenues to do so securely and efficiently.
- Market cap
- $223.30M
- 24h Volume
- $19.13M
- Circulating supply
- $687.66M