Thread by @staderlabs

Imagine:

Being able to escape the 21-day unstaking period.

Or instantly grabbing better yield opportunities...

Without unstaking your $LUNA.

Can you picture it?

Say hello to $LunaX.

Here's everything you need to know: 👇

$LunaX is a liquid token by Stader that:

- Enables instant unlocking of your staked $LUNA

- Opens up exciting possibilities across DeFi protocols

What about your rewards and airdrops?

You'll continue to earn them.

How?

You see, $LunaX is a tokenized form of your staked $LUNA.

That means...

Your $LUNA will continue staked and earning you rewards and airdrops.

Meanwhile, you also can:

- Exit your staked asset position immediately by selling $LunaX tokens.

Or...

- Get your hands on juicy yield opportunities across DeFi protocols.

All of this while earning rewards...

Airdrops...

And enjoying the power of auto-compounding Luna plus stable coins (after conversion to $LUNA)

Sounds awesome, isn't it?

This is how $LunaX works:

To mint $LunaX, just stake your $LUNA with Stader.

You'll receive one $LunaX token for every $LUNA you stake.

Here's an important detail:

$LunaX is an auto-compounding accrual token.

This means:

As your staking rewards get automatically restaked...

The price of $LunaX also climbs up.

This is because unlike $LUNA and $SD tokens...

Accrual of rewards will NOT increase the supply of $LunaX.

What about slashing events?

If a slashing event happens...

As the quantity of $LUNA goes down, so does the price of $LunaX.

In other words:

Both rewards and slashing, impact the price of $LunaX, yet not the supply.

That's not all:

You can always burn your $LunaX tokens and unstake $LUNA at the current exchange rate.

All of this for a small withdrawal fee.

Details will be shared soon.

So, when is all this coming on Stader?

Currently, our Liquid Staking contracts are undergoing an audit.

They are expected to be done by the 1st week of December.

After the full audit, $LunaX will be launched with Community Farming.

Which means...

Soon you will be able to join the Liquid Staking party and enjoy our community farming event.

During the event...

You will be able to stake with Stader's Liquid Staking pool...

And mint $LunaX at the prevailing exchange rate on Stader.

Also:

To farm SD tokens, you'll need to provide liquidity for the LunaX <> Luna LP pool on Terraswap.

Additional pools will be created on other DEXs.

$SD tokens will be daily farmed by LP providers for the first 2 months after the farming begins.

Remember:

Our TVL just reached 3.8M $LUNA (about 200 million $UST).

If you still haven't entered Stader's community farming event...

Now's a good time to do so.

So get ready for Liquid Staking...

Or jump on the Plain Staking Pools now:

staderlabs.com