Airdrops are very popular these days because they sensitize people about new crypto coins or tokens on the market. The Terra ecosystem has numerous projects that launch every other day. Perhaps you have heard about Mirror, Anchor, Pylon, Nexus, and Spar protocols, among others. All of these are ready to explode with amazing Terradrops that you can redeem if you have staked LUNA.
If you are in the crypto world, you probably know what LUNA is and how to stake it. For newbies, this is the native token in Terra blockchain that you can save to earn an APY. Staking LUNA is simply saving your token in the blockchain and letting the blockchain use it to fund various projects and lend crypto to borrowers. In return, the investor earns a handsome APY.
But there is more: Terra drops. Let’s find out more.
How to Stake LUNA
When you stake LUNA, you are eligible to earn Terra airdrops on different protocols within the ecosystem. Fortunately, the Terradrop platform can give you all the options that you have. All you need is to check and see if you can unlock your weekly airdrops. But if you need more information on this, the best place to get more information is the Loop Finance website. Here’s a brief list of the protocols that are offering Terra airdrops for staking LUNA.
· Anchor protocol – This is the oldest protocol in the ecosystem and is doing very well. It is designed for saving, lending, and borrowing using the native token ANC. If you have not tried Anchor protocol but staking LUNA, you are in luck. The platform is also giving airdrops to LUNA stakers and you should check to see if you qualify for these on the Terra Airdrops tab.
· Mirror protocol – This is one of the oldest projects on the Terra blockchain and it has a locked value of over $800. But still, they are giving airdrops to LUNA investors to let them know about this amazing DeFi platform. If you are successful in claiming these Terra airdrops, you will earn the MIR token that you can use to buy on Amazon, book an AirBNB, and do many other things. You can also swap it on the Terra exchange platform to grow your investment.
· Pylon protocol – Just like the first two, Pylon is also among the oldest and feels that there is a need to give airdrops to random investors. It is not obvious that you are lucky, so you need to check to see if you qualify for the tokens.
· Nexus protocol – This platform is designed for bAssets like bLUNA or bETH. To ensure that LUNA investors know about this, they have decided to launch weekly airdrops. It is easy to claim through the platform you are using such as the Nexus tab on the Terra blockchain website. But you should check where else the Terra airdrops are listed to see if you can unlock them.
There are many other protocols that are upcoming. Keep checking if you want to earn more tokens to grow your investment. Most people use them to buy various goods and services online, and if they like the platform that gave them the airdrops, they also try and invest in the protocol. You too can try this opportunity.
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