Terra staking: terravaloper13g7z3qq6f00qww3u4mpcs3xw5jhqwraswraapc
Stake LUNA with Everstake, your trusted staking provider
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Why delegate LUNA to Everstake?
Delegating LUNA to Everstake will help you to increase your yields safely and effortlessly. Our highly-experienced technical team supports the infrastructure that you can rely on without worrying about losing your funds. We use bare metal servers distributed around the globe, have backup nodes for any emergenciesand dedicated DevOps monitoring the network 24/7.
High-performance servers, broadband channels and advanced network topology allow us to show 100% uptime that guarantees that you will not miss your rewards. More than 300,000 delegators in 45+ blockchains trust us. We have a strong commitment to clarity and transparency of our operations. All our operations and activities are open to the public. You can check the Everstake validator in Terra Station.
We are ready to answer any questions. Reach out to us on Telegram.
How to delegate LUNA to Everstake?
You may either use one of our step-by-step guides:
or contact our support team for help.
If you are interested in staking LUNA worth $100,000 or more, please contact us at [email protected] to get a special offer
Terra is a decentralized Proof of Stake (PoS) blockchain protocol. It uses a basket of fiat-pegged stablecoins which are algorithmically stabilized by its native crypto asset, LUNA. Terra is aimed at the mass adoption of cryptocurrencies. To accomplish this ambitious goal, Terraform Labs, the company behind Terra, is developing an entire ecosystem of financial platforms. To learn more about Terra, please, read our Terra Ecosystem Overview: A Guide for Newcomers.
LUNA is the native staking token of the Terra protocol and foundational asset for the entire ecosystem. It has two core functions which are ensuring the price stability of Terra stablecoins and providing incentives for the platform’s validators. Since LUNA is the stability mechanism, LUNA delegators are entitled to earn rewards for providing network security.
LUNA staking is a way to secure the network and earn rewards. The Terra protocol runs on a Proof of Stake (PoS) blockchain, where miners (validators) need to stake a native cryptocurrency LUNA to mine Terra transactions. Delegation mechanics allow anyone who wants to support the network and earn staking rewards to delegate to the chosen validator.
There is no minimum requirement to stake LUNA for delegators.
There is no bonding period.
When you decide to undelegate your LUNA tokens, there is a 21 day unbonding period during which neither rewards accrue nor your LUNA tokens can be freely traded.
The size of your rewards is determined by the size of your stake. They also increase as the transaction volume in the network grows, since part of the staking rewards come from transaction fees.
You will receive ~11% annually minus validator fee, which is calculated as a percentage of the block reward. Terra rewards consist of a mixture of LUNA and a variety of stablecoins. You will also get free portions of ANC, MIR and airdrops from future protocols.
Right after your delegation is complete, you will get payouts every block [~7sec]. You can check your rewards on the “Staking” tab in the Terra Station. All rewards become available after their withdrawal, you can do this at any time by clicking the “Withdraw” button on your validator's page. If you delegate more to the validator you have already delegated to or choose to undelegate, your rewards will get automatically withdrawn. This won’t show up in your transaction history, but you can see your rewards reflected in your balance.
Remember to keep some funds in your account when delegating because you will have to pay a small fee to withdraw rewards.
You can buy LUNA on a number of popular exchanges, including the world’s top exchange in terms of trading volume Binance. Connect your credit/debit card and buy LUNA for EUR or AUD. If these fiats are not suitable for you, you will first need to convert your fiat to one of the cryptocurrencies available in trading pairs LUNA/BTC, LUNA/USDT, LUNA/BUSD, or LUNA/BNB. Once it is done, go to Binance Spot Trading, select the corresponding trading pair and place a buy order. Here you can check a full list of exchanges where you can buy LUNA.
You can store LUNA in the Terra Station, Terra’s native wallet. However, using hardware wallets such as Ledger Nano S or Ledger Nano X is the most secure method to store crypto. They support cold storage of cryptocurrencies on physical devices, meaning that the wallet only connects to the Internet when you need to broadcast a transaction to the network. Thus, it is impossible for online threats to access your holdings.
LUNA stakers are eligible for free ANC and MIR rewards. To claim your rewards, download the Terra Station Chrome extension and then go to Anchor protocol and Mirror protocol websites. In the right corner of the screen, you will see the “Connect” button. Click on it and connect your Terra Station Chrome wallet. If you are eligible for airdrops, you will see an air balloon picture with the “Claim” button on the right side of the page. Click on it to claim your ANC and MIR. Remember that you must have some UST to pay transaction fees, otherwise you will not be able to claim airdrops.
Install the Terra Station Chrome extension and recover your wallet using LUNA staking address. Go to Pylon Protocol website, in the top right corner of the screen click the button “Connect to Terra Station” and connect your wallet. If you are eligible for getting airdrops, you will see the field “Airdrop for LUNA Stakers” under the “MINE Price” and “Total Staked” metrics. Click on the “Claim” button to get your MINE airdrops. Make sure to have enough UST to pay transaction fees, otherwise you will not be able to claim rewards.
Yes, you have full control of your tokens and validators cannot use them in any way. Delegation doesn’t mean that you actually send your LUNA to another address. Your tokens just get bonded by the network and cannot be used for any other purpose, except staking that you will be getting rewards for.
There is a risk of loss of funds if a validator misbehaves. In this case, its stake will be penalized, hurting both the validator and those who stake with it. For example, the slash for double signing will be at 5%, and if the validator experiences significant downtime or does not participate in the oracle process, the slash will be at 0.01%. Therefore, it is crucial to choose the validator with a good reputation like Everstake.
Yes, you can easily redelegate without having to wait a 21 day unbonding period. Choose a new validator on the “Staking” tab and click the “Delegate” button on its page. In the “Source” tab choose the validator you would like to undelegate from.
No, the math for your rewards will be the same. Indeed, validators with more mining power are proposed to mine blocks more frequently, but then they have to distribute rewards to a larger number of delegators. Thus, you will get the same amount of rewards at the end.