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New Protocol to Accelerate Terra Classic Burn Rate by 3x

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 16, 2022

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A new solution has been established in order to accelerate the burn rate of Terra Luna Classic (LUNC) tokens. Eris Protocol is liquid staking and auto-compounding protocol for LUNC, that was recently launched to burn three times more Luna Classic tokens at the same cost. 

With Eris Protocol, users can stake their LUNC and still be able to move the tokens without having to wait for the 21-day un bounding period. These liquid Luna Classic tokens are known as Amplified Luna (ampLUNC). The auto-compounding feature of the Eris Protocol encourages an increase in investors’ yearly yield.

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