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The rate of burning tokens in the updated Terra Classic protocol has been increased by 3 times

The rate of burning tokens in the updated Terra Classic protocol has been increased by 3 times

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by Alexandra Smirnova

4 years ago

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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