A proposal to reintroduce USTC staking on the Terra Classic chain is up for a vote by $LUNC validators.
Currently, when staking $LUNC on the Terra Classic network, contributors also earn yields from USTC. With USTC staking going live, this model will shift so that USTC holders who stake will receive USTC rewards directly.
This development could lead to a significant amount of USTC being locked up, helping to reduce the circulating supply and ease sell pressures. In turn, with the anticipated rise in $LUNC 's value, the staking yields for LUNC could remain attractive and robust.
Moreover, a notable increase in USTC's price could provide investors with the opportunity to earn a fixed annual percentage rate (APR) through USTC staking.
#USTC #LUNC #TerraClass $LUNC
Currently, when staking $LUNC on the Terra Classic network, contributors also earn yields from USTC. With USTC staking going live, this model will shift so that USTC holders who stake will receive USTC rewards directly.
This development could lead to a significant amount of USTC being locked up, helping to reduce the circulating supply and ease sell pressures. In turn, with the anticipated rise in $LUNC 's value, the staking yields for LUNC could remain attractive and robust.
Moreover, a notable increase in USTC's price could provide investors with the opportunity to earn a fixed annual percentage rate (APR) through USTC staking.
#USTC #LUNC #TerraClass $LUNC
