Over 88 million $LUNA are about to get burned!

88,675,000 to be precise.

Your rewards are about to skyrocket too.

Here's why...👇 Image
Back in March 2021, @terra_money proposed to burn $LUNA in the community pool.

Why?

Because it was overfunded.

So what about your staked assets?

Does that mean the pool will have zero LUNA?
Actually, not.

Proposal 134 states that 10 million $LUNA will stay in the community pool.

The remaining will be burnt.

Don't worry.

Your $LUNA is safe.

However, your rewards may be affected in a surprising way.

In fact:
Your staking rewards are about to skyrocket!

All the 88,675,000 $LUNA will be burnt to mint 3-4 billion $UST.

Naturally, that means swapping fees...

A lot of it.

This is where Col-5 comes into play to boost your staking rewards:
With Col-5 implementation, all swapping fees go to the oracle rewards pool for validators.

Which means:

This heap of fees from swapping all these $LUNA to $UST will turn to your staking rewards.

So, how much will the APY be as a result of this?
Over 10%!

And it will stay that way for 3 years. (Proposal 133)

However, these rewards don't include airdrops.

Still, your rewards are going to climb a whole lot higher.

Where will all this $UST go?
To the community pool.

The idea is to have more $UST, and less $LUNA in the pool.

@terra_money will burn LUNA every 800th block.

That means 520,000 LUNA will be used to mint UST at a time.

If you haven't staked LUNA yet, here's another good news...
Staking is about to get a whole lot simpler than before.

At Stader Labs, you get:

- Pre-done validator buckets
- Auto-Compounding benefits
- Automatic airdrop claiming feature

...and more.

All you have to do is...
Join the early-bird group and access our secret launch prizes before anybody else:

==> bit.ly/3mlqXQb <==

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More from @staderlabs

1 Nov
Trains loaded with lucrative airdrops are about to reach Terra Station.

Various protocols outside @terra_money have decided to shower their tokens on $LUNA stakers, via #Airdrops.

If you have staked $LUNA here's how you can grab 'em all... 👇 Image
Since @terra_money joined IBC, you will receive #Airdrops from @cosmos hub chains.

For example:

$SHADE protocol is giving away 1.45 million SHADE as #Airdrops.

#LUNAtics will receive 32% of these.

That's almost 5% of SHADE's total supply of 10 million.

There's more...
Have you staked $ANC governance tokens?

Here's some good news.

$ANC governance stakers have already received $PSI tokens.

And here's even better news.

If you are one of them, then get ready to receive more $PSI tokens weekly, for the next 1 year.

We're not done yet...
Read 9 tweets
30 Oct
Imagine using your local currency in another country without the hassle of exchanging it...

Crazy, right?

$LUNA is about to become that currency in 17 chains at the same time.

Here's what it means for you:
Until now, different blockchain protocols couldn't communicate with each other.

This meant we couldn't use $UST & $LUNA outside of @terra_money.

Yet, soon we'll be able to.

This means MASSIVE ADOPTION for $UST and $LUNA...

Here's how:
IBC is an interoperability protocol that allows different blockchains to communicate with each other.

So, from now on, #LUNAtics can access dApps and use $UST to buy #NFTs on any of the 17 chains on IBC.

That means...
Read 8 tweets
23 Oct
90 million $LUNA are about to be burned to mint $UST for Ozone.

Is this the last stepping stone before the 5x staking rewards boost?

A quick thread about the coming future of staking on Terra: 👇
Yesterday, @stablekwon announced the proposal to burn 90 million $LUNA from the community pool.

By doing it, Terra would attain 1 to 3 billion $UST to bootstrap Ozone.

As a consequence, some people expect up to a 5x boost in their staking rewards.

Here's 3 reasons why:
Reason #1: IBC

Remember proposal 128 earlier this week?

The proposal allowed IBC transfers on the network.

This opens doors to Terra "talking" to other networks.

Add the following reason to the mix...

And you'll see why it's so important for your staking:
Read 8 tweets
22 Oct
Do validator claim logs impact your staking rewards?

Here’s what you need to know: 👇
Did you know?

Claim logs are records that show when a validator has claimed its rewards & commissions.

The problem?

Different validators claim rewards & commissions at different times.

Some claim every 5 days...

While others claim every 10 days.

Should you be worried?
First, let's understand this claim timings contrast.

Rewards are revenues...

Not profits.

Therefore, claiming rewards cost fees.

Claiming rewards more frequently = More fees.

Plus, there's another significant cost:
Read 8 tweets
20 Oct
“Snapshot has been taken, but where is my airdrop?”

Does this sound familiar?

Don't worry, #LUNAtics.

By the end of this thread, you’ll know everything to avoid being in this baffling situation.

But first, you must understand what a snapshot is & how it works. 👇 Image
A snapshot is a record of all the details of a block.

This includes wallet addresses, token balances, transaction details, etc.

Your staked $LUNA would be eligible for airdrops only if your wallet & balance appear on the snapshot.

So, how do you ensure you don't miss it?
Step 1: Go to terra.smartstake.io.

Look for the menu on the right top side.

Click the following option: Image
Read 16 tweets
3 Oct
Have you ever wondered how staking rewards really work?

Where do they come from and what hidden function does your staked $LUNA carry out?

The answer may surprise you:
First, it’s important to understand WHY you get rewarded for staking $LUNA.

You see, #LUNAtics get to collect staking yield for helping secure the @terra_money network.

The higher the amount you pledge, the more returns you get.

These rewards come from 4 major sources:
#1: Gas Fees
#2: Tax Fees
#3: Swap Fees (thanks to Col-5 Migration)
#4: Airdrops

Here's what you need to know about each:
Read 10 tweets

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