BTC.Secure validator on the #Terra network has reached a stake | BTC.Secure

BTC.Secure validator on the #Terra network has reached a stake of ~1.5M LUNA (~$65M).

Since the publication of the last post about Terra, there has been a significant increase in the validator's stake: 185K -> 1.5M LUNA.

We previously wrote that we will gradually, as the size of the stake increases, change the validator's commission and, at the moment, we have already reached a commission value of 5%, as planned at the first stage.

Today we want to inform you that due to the growth of the stake by 8 times, we will continue to increase the commission by 1% per day until the target commission of 10% is reached, which will become permanent and will no longer increase.

All this in order to comply with the highest, world-wide, quality standards and guarantee 100% validation stability in #Terra.

$LUNA staking becomes even more attractive against the background of the launch of the decentralized cross-chain bridge Wormhole V2 and the upcoming expansion of the $UST stablecoin in the Ethereum, BSC and Solana networks, the activity of using which directly affects the growth of the $LUNA price by burning tokens when printing new $UST.

The use of $UST in DeFi of various networks is growing -> the demand for printing new $UST is higher -> more burning of the $LUNA token -> the $LUNA price is growing

$UST is a strong candidate for #1 place among decentralized stablecoins (already ~$2.7B capitalization) and, at this rate, will bypass $DAI soon enough.

Learn more about the #Terra network and the $LUNA token in BTC.Secure Learn, delegate to BTC.Secure (how to delegate) and go with us to the