The Trick To Burn More Terra Luna Classic (LUNC) With Staking

Luna Classic (LUNC) quema burn

✍️ 16 September, 2022 - 7:07 πŸ‘€ Editor: Jakub Motyka

The burning of Terra Luna Classic (LUNC) has just received a new ally. Eris Protocol, a decentralized liquid staking platform built on the Terra blockchain, has just released a new feature to burn more LUNC tokens with the same investment.

Eris Protocol, in addition to having contributed to the burning of 2.5 million LUNC tokens, has just launched its staking service liquid on the Terra Luna Classic blockchain and has decided to make known its alternative to increase the burning of Terra Luna Classic.

Staking Terra Luna Classic (LUNC) Allows To Burn More Tokens

As @LUNCDAO has commented, Eris Protocol offers the possibility of liquid staking with Terra Luna Classic (LUNC), thus converting the user's LUNC tokens into ampLUNC for the duration of the staking, and obtaining interest in exchange for leaving the cryptos blocked for a time. But there is an advantage to LUNC burning in this system.

If instead of sending LUNCs to the Terra burn wallet, ampLUNCs are sent, the burning of the crypto will get bigger and bigger since you will continue to receive the income from staking and, therefore, the burning of the tokens sent will get bigger and bigger.

Eris Protocol offers a type of cryptocurrency staking known as liquid staking, which differs from conventional staking in that the user who deposits his cryptos to make staking still has access to your cryptocurrencies to be able to trade them, although always in the form of a different crypto (in this case, ampLUNC instead of LUNC strong>).

LUNC Price Continues To Drop This Week

After hitting highs recently, the price of the Terra Luna Classic LUNC crypto is trailing a drop that has lasted several days. It is currently trading at $0.0002847, with a market capitalization of $1,751,192,479, far removed from the price of $0.0005482 that this crypto reached in the last month.

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Juan Pais

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