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Still not sure if $LunaX is for you?
Here's a Beginner's Guide to $LunaX.
By the end of this guide…
You'll be able to squeeze out yield opportunities across Terraverse like a pro.
Let's get started...
Here's a Beginner's Guide to $LunaX.
By the end of this guide…
You'll be able to squeeze out yield opportunities across Terraverse like a pro.
Let's get started...
There are plenty of mouth-watering yield opportunities across Terraverse.
And it all starts with staking $LUNA.
However, there's an issue.
Say you have 10 $LUNA and you stake them to earn rewards and airdrops.
The moment you do that, all 10 $LUNA get locked.
And it all starts with staking $LUNA.
However, there's an issue.
Say you have 10 $LUNA and you stake them to earn rewards and airdrops.
The moment you do that, all 10 $LUNA get locked.
What about the other yield opportunities?
You have two options:
Option 1: You acquire more $LUNA to grab those opportunities.
Problem: You need to spend additional fiat.
Option 2: Stake 50% of your $LUNA and use the remaining 50% to exploit another opportunity.
Problem:
You have two options:
Option 1: You acquire more $LUNA to grab those opportunities.
Problem: You need to spend additional fiat.
Option 2: Stake 50% of your $LUNA and use the remaining 50% to exploit another opportunity.
Problem:
You aren't maximizing staking rewards.
So what do you do?
You know what?
There's a third option that no one talks about-
Liquid Staking.
With liquid staking, you can stake all 10 $LUNA and still exploit other yield opportunities.
Here's how:
So what do you do?
You know what?
There's a third option that no one talks about-
Liquid Staking.
With liquid staking, you can stake all 10 $LUNA and still exploit other yield opportunities.
Here's how:
When you liquid stake your $LUNA you get $LunaX in return.
So, while your $LUNA are staked and locked...
You can use $LunaX to grab other yield opportunities.
Why?
Because $LunaX is essentially a representation of your stake.
What does that mean?
So, while your $LUNA are staked and locked...
You can use $LunaX to grab other yield opportunities.
Why?
Because $LunaX is essentially a representation of your stake.
What does that mean?
Think about bank deposits.
When you deposit your money with the bank for a long term, you receive a deposit certificate.
The certificate is a representation of your deposit.
So, while your money is locked in the bank, you can use deposit certificate to borrow money.
Now:
When you deposit your money with the bank for a long term, you receive a deposit certificate.
The certificate is a representation of your deposit.
So, while your money is locked in the bank, you can use deposit certificate to borrow money.
Now:
You can now use this borrowed money to increase your returns by investing it.
$LunaX allows you to do the same thing.
Since $LunaX represents your stake, you can use it to borrow several Terra assets.
And invest them in profitable avenues.
For example:
$LunaX allows you to do the same thing.
Since $LunaX represents your stake, you can use it to borrow several Terra assets.
And invest them in profitable avenues.
For example:
@anchor_protocol pays a healthy 20% APY on $UST deposits.
So, you can borrow $UST from @EdgeProtocol and deposit it on Anchor.
At the same time, you're also earning rewards on the 10 $LUNA you staked.
This is the most simple beginner level way to use $LunaX.
There's more:
So, you can borrow $UST from @EdgeProtocol and deposit it on Anchor.
At the same time, you're also earning rewards on the 10 $LUNA you staked.
This is the most simple beginner level way to use $LunaX.
There's more:
Another major concern beginners face is whether staking is the right move for them.
You see, once you stake your $LUNA it's not easy to unstake them.
You'll have to wait for 21 days after you unstake them to actually receive them in your wallet.
Concerns like:
You see, once you stake your $LUNA it's not easy to unstake them.
You'll have to wait for 21 days after you unstake them to actually receive them in your wallet.
Concerns like:
What if the $LUNA price dives south?
You'll want to get out of your staked position ASAP to minimize your loss.
Or what if you need to sell your $LUNA because you urgently need cash.
Waiting for 21 days doesn't seem so appealing, right?
Well, $LunaX solves all these too.
You'll want to get out of your staked position ASAP to minimize your loss.
Or what if you need to sell your $LUNA because you urgently need cash.
Waiting for 21 days doesn't seem so appealing, right?
Well, $LunaX solves all these too.
Since it's a representation of your stake, you can simply sell $LunaX.
Your 10 $LUNA stays staked.
But by transferring your $LunaX tokens, you transfer ownership of your staked $LUNA.
You simply swap your $LunaX to $UST and exchange the $UST to fiat.
That means:
Your 10 $LUNA stays staked.
But by transferring your $LunaX tokens, you transfer ownership of your staked $LUNA.
You simply swap your $LunaX to $UST and exchange the $UST to fiat.
That means:
You don't have to wait for 21 days to turn your $LUNA into cash.
You can do it instantly - in a snap.
$LunaX might seem like it's for expert and advanced crypto users.
But it's equally useful, beneficial and profitable for beginners too.
Finally:
You can do it instantly - in a snap.
$LunaX might seem like it's for expert and advanced crypto users.
But it's equally useful, beneficial and profitable for beginners too.
Finally:
If you are ready to take that leap and test drive $LunaX...
You can get started right here:
https://terra.staderlabs.com/lt-pools
P.S.- If you know anyone else who's on the fence and is unsure about using $LunaX...
Share this thread with them. They'll thank you for it.
You can get started right here:
https://terra.staderlabs.com/lt-pools
P.S.- If you know anyone else who's on the fence and is unsure about using $LunaX...
Share this thread with them. They'll thank you for it.
