Steakwallet adds native support for Terra and LUNA staking

Steakwallet adds native support for Terra and LUNA staking

Steakwallet users can now manage all of their Terra assets in one place and utilize a LUNA staking experience that is second to none. Read on to learn more about Steakwallet's Terra integration. 👇

Steakwallet is a next generation multi-chain self-custodial Web 3 wallet on mobile. Our goal is to give users one place to manage all their assets across chains and make engaging with Web 3 as easy as never before. To achieve this, Steakwallet brings critical functionality natively into the app where we abstract away backend complexity and add market leading user experience. This includes Steakwallet’s signature 3-tap staking flows, which make participating in securing blockchain networks and earning yield as simple as ordering an Uber or a pizza. With our Explore Screen, Steakwallet allows you to find all the right dApps on any chain. With one simple tap via WalletConnect, you can now easily bridge, swap, and ape into any yield opportunity right from your phone. And with multi-chain NFT support, you can collect all of your favorite NFTs in one place and even set them as your background for to easily flex your collection.

Now this is what a Web 3 wallet should look like!

Steakwallet Features

  • Your Keys = Your Crypto
  • Multi-Chain By Default
  • Native Staking Flows
  • Discover the best of each chain on our Explore Screen
  • Best Rates
  • Mobile-First

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. Built on the Cosmos SDK, Terra is building the Programmable Money For The Internet with its native stablecoin UST and the LUNA governance token. As a "Layer 1" blockchain, the team behind Terra has struck up multiple partnerships to integrate blockchain functionality in every-day payment solutions bringing blockchain technology into the "real world".

Terra automatically adjusts stablecoin supply based on its demand to keep the one-to-one peg. By incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, the protocol can either expand or contract the stablecoin supply to match demand. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.

The Terra ecosytem is booming and developing a thriving ecosystem that brings DeFi to the masses.

Steakwallet x Terra

Steakwallet support all assets on Terra, as well as offering a dedicated Terra ecosystem page in the Explore Screen section of the wallet. This not only allows users to manage all their Terra based tokens, but also let's them explore the best dApps the ecosystem has to offer.

With the launch of the Steakwallet Beta, finding the right yield opportunities across chains has never been easier. In our new explore screen, users will be introduced to all the relevant DeFi opportunities and dApps. On Terra, this includes Essentials such as the Terra Bridge to transfer assets over from Ethereum or BSC, a savings protocol like Anchor, or AMMs like Astroport, but also more ways to earn than native LUNA staking, such as Stader Labs.

Steakwallet brings users native LUNA staking

Steakwallet’s signature 3-click staking mechanism makes it as easy as possible for users to start earning yield on their Terra assets. Users simply:

  1. Click Stake LUNA
  2. Choose the amount to stake
  3. Confirm and earn!

By allowing anyone to stake in just a few tabs, Steakwallet helps users to provide better economic security for the Terra blockchain. Apart from earning rewards for participating in the network, staking your LUNA helps secure the Proof-of-Stake Terra network and protects the ecosystem that is being build.

Stake your LUNA on Steakwallet

Check out our guide here learn how to earn tasty yields through Steakwallet's simple three-click staking mechanism. 🍴 🥩

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