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There are two ways to earn rewards with LUNA; by running a validator node and being in the top 100 in terms of delegated LUNA, or by delegating LUNA to a validator.

Delegating LUNA is very easy, secure and can be done within a few minutes directly inside your wallet.

Open Terra Station and click Stake.
Select the Validator with which you would like to stake and click on their name in the Monitor column of the validator list.
In the My delegations section, click Delegate and a new window will appear.
In the Amount field, specify the amount of Luna you want to delegate.
Confirm the transaction details, enter your password and click Submit.

Note: It is recommended to maintain some funds in your wallet for future transactions. Without available capital for fee payment, you will not be able to carry out further transactions until more tokens are transferred to your wallet.

21:T55f,

On May 9 2022, UST (the algorithmic stablecoin of the Terra ecosystem) lost its peg. It dropped to about $0.95. This was caused by massive sales of UST through a Curve Pool.

The following day, UST continued to lose value as the Luna Foundation Guard continued to deploy capital in a futile attempt to defend the peg. Shortly thereafter, everything seemed to come crashing down. On May 11, UST was trading at less than $0.30.

This, in turn, created a massive arbitrage opportunity due to the way the algorithm behind the stablecoin works. As long as UST trades below $1, users can burn it for $1 worth of LUNC – a means to keep the cryptocurrency below market prices in perpetuity until the peg is restored. This created an infinite loop of printing LUNC and diluting the existing supply to a point where a few days later, LUNC was essentially worth $0.

Billions have been swept from the market, while exchanges have largely dumped trading pairs linked to both cryptocurrencies. The Luna Foundation Guard had previously purchased up to $1.5 billion in BTC for its reserves, an amount that has now been completely emptied.

This dragged the entire market down. $500 billion was erased from total capitalization. It will go down in history as the DAO Hack Moment of the Terra Ecosystem.

22:T466,

There are two main associations behind LUNA, the TBA and the TFL.

The Terra Builder Alliance (TBA) describes its function as ‘scaling growth oriented resource capacity for the Terra ecosystem’. Their goal is it to create a scalable dev training bootcamp and certification program grounded in a hands-on curriculum that builds out open-source public goods for the Terra ecosystem.

The Luna Foundation Guard (LFG) is a ‘nonprofit organization established in the Republic of Singapore dedicated to creating and providing greater economic sovereignty, security, and sustainability of open-source software and applications that help build and promote a truly decentralized economy’. They established the UST Reserve Protocol for Luna Classic to provide a further layer of support to ensure that UST maintains its peg.

Both associations are drivers for a sustainable development of the Terra ecosystem and have significant influence on governance decisions in the network.

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Rewards from staking are based off transaction volume inside the Terra economy and the taxes, it varies based off of network activity.

\n","isOverview":false},{"question":"Is there a risk to staking LUNA?","answer":"

If you stake LUNA, you will not have access to it for at least 21 days as the tokens will be locked.

Validators have a responsibility to report exchange rate price accurately and keep solid architecture, and those who underperform risk will be slashed with a small percentage. To minimize this risk as a delegator, you should split large stakes among several reputable validators and keep your delegates in check.

\n","isOverview":false},{"question":"What is Terra? ","answer":"

The Terra protocol is a decentralized and open-source public blockchain. LUNA provides its holders with staking rewards and governance power. The Terra ecosystem is an expanding network of decentralized applications.

\n","isOverview":true},{"question":"What is LUNA? ","answer":"

LUNA is Terra’s native staking token. It is used for governance and in mining. Users stake LUNA to validators who record and verify transactions on the blockchain in exchange for rewards from transaction fees.

\n","isOverview":true},{"question":"How was Terra launched?","answer":"

Terra is a fork of the original Terra Classic chain. The fork took place on 5/28/2022, after LUNC lost 99% of its value due to the UST depeg.

The initial distribution of LUNA tokens are based on two snapshots; one before the UST depeg and one thereafter.

The distribution is as follows:

Community pool: 30% (300m)
Pre-attack LUNA holders: 35% (350m)
Pre-attack UST holders: 10% (100m)
Post-attack LUNA holders: 10% (100m)
Post-attack UST holders: 15% (150m)

For more details, read the Terra Revival Plan.

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Terra Classic is the original chain, which was launched in 2019.

Luna Classic (LUNC) is the original Terra LUNA token to be left behind following a fork to the new Terra chain after the recent UST collapse.

Both tokens are mostly similar and have the same functionalities. The main difference lies in the fact that the new LUNA chain does not collateralize an algorithmic stablecoin (UST).

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