How to Stake Terra Classic (LUNC) and Earn Rewards using Trust Wallet

Staking Terra Classic (LUNC) is a way to earn rewards while supporting the stability and growth of the Terra Classic blockchain. When staking your LUNC tokens, you contribute to the network’s security, participate in its governance, and earn rewards for your contributions.

This guide will walk you through the entire process of how to stake LUNC using Trust Wallet. From downloading Trust Wallet, to managing your staked tokens, you’ll find everything you need in this guide to stake LUNC.

Before You Get Started

Remember that you can use Trust Wallet as your secure crypto wallet. Buy, sell, swap and stake crypto all in one place.

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What is LUNC Staking?

LUNC staking involves delegating your Terra Classic (LUNC) tokens to validators within the network to help secure and maintain the blockchain, with the added benefit of earning rewards. When staking your LUNC, you’re contributing to the network’s stability and performance, without locking up your tokens permanently.

Validators use your staked tokens to validate transactions and enhance network security. In return, you receive a share of the rewards generated. Staking LUNC with Trust Wallet makes this process simple, giving you an easy way to participate in the network and grow your LUNC.

Why Choose Trust Wallet for Staking LUNC?

Trust Wallet is an ideal choice for staking Terra Classic (LUNC), thanks to its user-friendly design and strong security features. The app provides an intuitive interface, making it easy for both beginners and experienced users to stake LUNC and manage their rewards.

As a non-custodial wallet, Trust Wallet ensures that you keep full control over your private keys and tokens, keeping your assets secure. It also offers convenient access to staking features within the app, enabling you to monitor and manage your LUNC effortlessly. Additionally, Trust Wallet supports a wide range of cryptocurrencies, enabling you to diversify your holdings from a single platform. With its active community and responsive support, Trust Wallet offers you a reliable and comprehensive solution for LUNC staking.

Key Details for Staking LUNC Using Trust Wallet

How Much Can You Earn Staking LUNC?

Staking rewards for LUNC can vary based on network conditions and the performance of your chosen validator. The exact rate is not set or controlled by Trust Wallet, but you can view the current staking rate directly within the app. Note that validators may charge a commission for their services, which is not controlled by Trust Wallet.

Minimum Amount to Stake LUNC

To start staking LUNC, you need a minimum of 0.01 LUNC. This threshold ensures that even smaller amounts can be staked.

Lockup Period

When you stake LUNC, your tokens will be locked for a period of 21 days. During this time, your staked tokens will be inaccessible. You’ll need to wait until the lockup period ends to access or unstake your LUNC.

How to Stake LUNC Using Trust Wallet

Before you stake, be sure that you have the most up-to-date version of Trust Wallet.

Next, if you don’t have any LUNC in your wallet, you can deposit crypto using the “Receive” button, or buy crypto directly using Trust Wallet.

Now you’re ready to stake and earn rewards. Staking can be done in just a few steps, and here’s how.

Note: Below we’ll use staking LUNC as the example, but the process is generally the same for each asset.

• Select the “Earn” button from the wallet home screen.

• Select the asset you want to stake, in this example it’s “LUNC.”

• Select “Stake.”

• Choose the amount you want to stake, and choose the validator you want to use by selecting the Validator dropdown.

• Once you choose a validator, select “Continue.”

• Follow the remaining instructions to confirm your stake.

How to Unstake LUNC in Trust Wallet

If you would like to unstake your LUNC, simply follow the steps below:

• Navigate to ‘Earn’ on the main wallet page and select LUNC.

• Choose the Unstake option and proceed as per the given instructions.

In addition to staking crypto, Trust Wallet lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.

Frequently asked questions about staking LUNC using Trust Wallet

How much do you earn staking LUNC?

Staking rates may vary depending on the network, and the rate is not set or controlled by Trust Wallet. You can check the current rate anytime from within the app.

Note: Validators and delegators help secure the network through staking and will sometimes charge a commission for their services. This is neither controlled by Trust Wallet nor does Trust Wallet take any proportion of this commission.

What is the minimum amount to stake LUNC?

The minimum stake amount is 0.01 LUNC.

What is the lockup period when I stake LUNC?

The lockup period is 21 days.

How do I unstake LUNC on Trust Wallet?

To unstake LUNC, do the following:

• Go to ‘Earn’ from the main wallet page, and choose LUNC.

• Then choose Unstake and follow the instructions to confirm the unstaking process.

How do I claim my rewards?

• Go to ‘Earn’ from the main wallet page, and choose LUNC.

• Select the appropriate option to claim your rewards.

Closing Thoughts

Staking Terra Classic (LUNC) using Trust Wallet is a simple way to earn rewards while supporting the network's security and stability. By following this guide, you can easily navigate the staking process using Trust Wallet.

Trust Wallet offers a secure and user-friendly platform, making it simple to stake your LUNC tokens and monitor your staking activities. With a clear understanding of the staking requirements, lockup periods, and potential rewards, you’re well-equipped to make the most of your staking experience.

Disclaimer: Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.