Introduction

Staking Wrapped Terra Classic can be a great option for those who want to hold LUNC 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 Guide

1. 1. Obtain Wrapped Terra Classic (LUNC) Tokens

   In order to stake Wrapped Terra Classic, you need to have it. To obtain Wrapped Terra Classic, you'll need to purchase it. You can choose from these popular exchanges.

2. 2. Choose a Wrapped Terra Classic Wallet

   Once you have LUNC, you'll need to choose a Wrapped Terra Classic wallet to store your tokens. Here are some good options.

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 Wrapped Terra Classic 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.