The protocol incentives users to burn Terra and mint Luna. The decrease in Terra’s supply causes scarcity, and the price of Terra increases. More Luna is minted from burned Terra until Terra reaches its target price . The Luna pool increases and lowers in price.
Read moreHow do you stake a Luna coin?
Create a New Wallet by typing a username and password (keep them secure). Send LUNA tokens from an exchange you purchased them to your Terra Station Wallet. Once you have the tokens in the wallet, go to the staking tab. Choose a validator to delegate your tokens and earn yield by staking.
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