Terra is a smart contract-enabled blockchain that harnesses the utility of the Cosmos project CosmWasm’s technology. Powered by the native Terra LUNA coin and the TerraUSD coin (UST), the Terra blockchain has become a compelling building ground for blockchain-based applications.
Terra Core builds on Tendermint consensus and the Cosmos SDK toolkits.
Figment is a venture funded, registered Canadian company based in Toronto. Canada offers stability, rule of law and clear crypto regulation.
Serving the world’s largest LUNA holders.
30+ years of experience successfully scaling internet infrastructure companies.
Our Commission rate is 12%.
Active participant in the LUNA ecosystem.
Third-party custody solutions are available through our institutional partners.
The world’s most advanced physical IDC + multi-cloud staking infrastructure.
You maintain custody of your LUNA at all times.
Protected via industry-leading Staking & Delegation agreement.
Stake your LUNA tokens in a few clicks by following these steps:
You may use the Terra Station’s web interface or download their wallet to begin staking LUNA. Terra Station supports, and we recommend, using Ledger hardware wallet devices. Once you are logged into Terra Station:
Can’t see your LUNA in your account?
There are two Ledger apps–try using the Cosmos Ledger app with Terra Station instead of the Terra Ledger app.
Terra's native token, LUNA, is used for staking and participating in on-chain governance.
Rewards are received in KRW, SDR, EUR, and USD stablecoin tokens. These can be converted into LUNA by swapping coins.
Staking rewards and transfers are currently enabled.
Initially, the LUNA is being staked to earn rewards from transaction volume inside Terra's economy, taxes, and seigniorage rewards (which is value gained from issuing new LUNA). new issuance ("inflationary") subsidies. Generally, you will earn around 25% annually on your staked LUNA, but that can change. Since staking rewards are tied to inflation, read about how inflation and rewards are related here.
LUNA also gives stakers the right to vote on policy decisions for how the Terra will operate and distribute treasury funds.
From the moment you initiate the unbonding process, it takes 21 days to unstake. During this time you will not earn rewards, nor transfer, exchange, or spend your LUNA. LUNA can be slashed during this time.
You can self-custody your Terra LUNA tokens, ideally using a Ledger hardware wallet and Terra Station. Terral takes control of your X tokens while you are staking.
Figment has partnerships with a number of top-in-class custodians: email@example.com.
Yes, a portion of your staked LUNA can be destroyed. There are two ways this can happen:
Staking income is liquid, which means you will not need to unstake to withdraw your staking income. New delegation required for liquid rewards.
As of Dec 26, the Terra network no longer pays LUNA rewards. Rewards are received in KRW, SDR, EUR, and USD stablecoin tokens. To restake rewards, delegators must trade the reward currency for LUNA and re-delegate them.
Your potential rewards depend upon validator performance. When your validator is down, you will not be earning staking income.
LUNA does not have an issuance rate. Rewards in Terra come from transaction fees, gas. and seigniorage rewards.
LUNA pays a larger role in collateralizing the mechanisms that help secure price-stability for stablecoins on the network.
Terra uses the LUNA token voting for on-chain governance. Governance proposals are discussed on the forum and voted on Terra Station.