MeetWawa ๐Ÿถ Profile picture
Mar 22 โ€ข 8 tweets โ€ข 5 min read
1/9 So you've finally bought some $LUNA, what do you do now? Instead of letting it idle on an exchange or in your wallet, you can stake it to earn more $LUNA on your original $LUNA.

Short thread for friends new to #Terra ecosystem. ๐Ÿงต๐Ÿ‘‡

$LUNA #lunatics $UST @terra_money Image
2/9 First go to station.terra.money and click 'Connect' on the top right, and then click on install 'Terra Station Wallet'. Image
3/9 After installation, click on the extension and click on 'New Wallet'. Image
4/9 You will be presented with a page like this where you can name your wallet.

Your mnemonic / seed phrase will also appear. DO NOT share this with anyone! This is equivalent to sharing your username and password at the same time.

Write this down and keep it somewhere secure! Image
6/9 Your new wallet address generated will start with 'terra...'

You can now send $LUNA and $UST and other #Terra assets from
@FTX_Official, @binance, or other exchanges that support the #Terra network into your wallet.

It is good practice to send a small sum first to test. Image
7/9 Lastly, go to station.terra.money/stake and select a validator with 100% uptime and low voting power to help secure and decentralize the #Terra network. Image
8/9 Once you've selected a validator, click on the blue button that says 'Delegate' and select the amount of $LUNA you would like to delegate.

#Delegation = #Staking

Before you delegate, take note that there's a 21 day unbonding period where you can't touch your $LUNA. Image
9/9 You can now enjoy up to 10% interest on your $LUNA!

Interested in knowing more about staking? There are many ways of staking your $LUNA. Follow us and we'll explore the wonders of staking in our next comic!

If you want to support me, you can follow, like, and retweet this!

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More from @MeetWawa

May 8
1/12 $UST is below $1 and lots of people are panicking, but let's relook at the fundamentals.

What is the relationship between $LUNA and $UST and three reasons why $UST will NOT depeg.

A short thread for a short crisis.๐Ÿงต๐Ÿ‘‡๐Ÿป

$LUNA $UST $ASTRO @terra_money #Terra #Lunatics Image
2/12 Let's go through what happened first.

There was a large sell order of $UST on curve.fi and @binance, causing $UST to fall below $1.

Rumors started spreading on Twitter, potentially a coordinated move, causing more panic and $2B $UST withdrawn on anchor.
3/12 Confidence was shaken and $LUNA tanked causing $UST confidence to further decline.

@jump_ sold some assets to buy up $UST helping to bring $UST back to $1 but as of this writing it's still below peg by under 1%.

So what now? Image
Read 15 tweets
May 3
1/14 #ASTROWARS EXPLAINED WITH COMICS! ๐Ÿš€โš”๏ธ

This is a complex topic that will shape Terra's future, and I've simplified it with comics to help everyone understand the basics of it!

Let's explore the astrowars! ๐Ÿงต๐Ÿ‘‡๐Ÿป

$LUNA $UST $ASTRO @terra_money #Terra #Lunatics @astroport_fi Image
P.S. For manga-readers, this comic is to be read from left to right.
2/14 So what is the #astrowars about? Should you be scared? You should be excited!

It's not a real war, it's just a war for your liquidity, i.e. your assets such as $UST, $LUNA, etc. Image
Read 22 tweets
Apr 28
1/10 Is this sideways crypto market getting you stressed?

What if there's a time-proven method to come out of this like a champ without stressing and spending time looking at charts?

It's how millionaires are made!

Let's explore! ๐Ÿงต๐Ÿ‘‡๐Ÿป

$LUNA $UST @terra_money #Terra #Lunatics
2/ This method is known as DCA which stands for dollar-cost averaging. It is a really well-known strategy that outperforms most people, including most traders and hedge fund managers!
3/ DCA is where you add to your existing positions regularly. This can either be daily, weekly, monthly, or based on certain conditions that we can talk about in a bit.
Read 12 tweets
Apr 21
1/10 What is yield farming?

Now that you understand staking, let's explore other ways that you can earn rewards on your $LUNA. One of the
ways for you to do that is through yield farming!

Let's explore! ๐Ÿงต๐Ÿ‘‡๐Ÿป

$LUNA $UST @terra_money #Terra #Lunatics
2/ First of all, what is yield farming?

Yield farming aka liquidity mining is another way of earning more rewards on your $LUNA.

It can be compared to staking. But behind the scenes, yield farming is actually more complicated than staking.
3/ Yield farming is where you provide liquidity by supplying a pair of assets like $LUNA and $UST to a liquidity pool!

This makes you a liquidity provider.
Read 13 tweets
Feb 27
1/8 With USAโ€™s latest CPI at 7.5%, inflation is at its highest in 40 years, how can you protect your purchasing power safely and beat inflation without worries?

A short comic and threadย on how anchor protocol can protect you from inflation. ๐Ÿงต๐Ÿ‘‡

$LUNA $ANC
2/8 Anchor protocol is a high-interest savings protocol that is providing 19% interest rate. That sounds too good to be true but it has been stable and consistently giving that for a year already. So how can you participate in this? Itโ€™s simple!
3/8 First you need to install Terra station on your desktop or mobile. Once installed, you need to create a Terra wallet which is like your own bank account where you can transact and store UST. UST has the same value as USD and is stable.

Download:
chrome.google.com/webstore/detaiโ€ฆ
Read 10 tweets

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