It is our pleasure to announce that Lunie has rolled out another exciting mainnet staking integration with one of the most widely used products in the blockchain space, Terra. The Terra blockchain protocol, a Cosmos SDK based project, now has full staking, multi-denominational rewards and governance support in the Lunie app suite (web, browser extension and mobile(iOS/Android).

About Terra

Terra has already onboarded over one million users to the blockchain ecosystem through their partnerships with two mobile payment apps based in South Korea (CHAI — iOS, Android) and Mongolia (Meme Pay — iOS, Android). Terra has also been hard at work to develop banking relationships with many of South Korea’s and Mongolia’s largest financial institutions with an eye towards large scale fiat on-ramp/off-ramp capabilities.

The Terra protocol staking token (LUNA) gives token holders the ability to earn staking rewards in denominations of several globally recognized fiat-pegged stablecoins. These include KRT, UST, MNT and SDT, each pegged to the KRW, USD, MNT and IMF’s SDR respectively.

In addition to staking, Lunie give LUNA token holders the ability to fully participate in their governance process as described in more detail here.

With Lunie, LUNA token holders will be able to: