• Crypto enthusiasts can now stake $LUNA Alliance assets on Station, boosting yields through an Alliance and Station integration. 
• Happy Catty Crypto’s proposal seeks Terra Luna Classic’s revival, emphasizing transparency, smart contract-based payments, and improved security measures.

Crypto enthusiasts looking to maximize their yields and actively participate in the evolving blockchain ecosystem have a new opportunity on the horizon. The recent integration of Alliance, an open-source Cosmos SDK module, with Station, a popular blockchain interface, allows users to stake $LUNA Alliance assets and earn boosted yields.

Here’s how you can get started on this innovative journey. Users can harness this power to stake $LUNA Alliance assets and reap the rewards. Here are some of the steps you can follow to earn the rewards.

Choose Your $LUNA Alliance Asset

Explore $LUNA Liquid Staking Tokens (LSTs) using the Alliance analytics dashboard. Compare yields across allied chains to select the most promising asset.

Stake and Earn

Partner with your preferred liquid staking provider on Station. Stake your chosen $LUNA LST to earn rewards – around 15.6% APR in $LUNA staking rewards – and receive LSTs.

Embrace the Alliance

By participating, you’re becoming part of an economic alliance among blockchains. Access fee tokens of the allied chain, contributing to a more interconnected blockchain ecosystem.

This integration of Alliance and Station boosts yields and strengthens blockchain collaboration.

Set Up Fee Token Transfer

Connect your wallet to Station and direct the fee token to your Migaloo or Carbon wallet. This enables you to cover gas fees effectively on the respective chain.

Transferring $LUNA LSTs

Easily transition $LUNA Liquid Staking Tokens (LSTs) from Terra to the allied chain by clicking ‘Send’ on Station. Choose your allied chain address from your address book for a smooth transfer.

Initiative to Revive Terra Luna Classic Suggested

In an August 18th post, Happy Catty Crypto, a validator for Terra Luna Classic, introduced the concept of the ‘Terra Classic Expedition: A Unified Vision.’ This proposal presents a vision and emphasizes significant developmental achievements, excluding Level 1 tasks, encompassing regular updates, essential security patches, and introducing new features.

As the vision document outlines, the objective is to improve development efforts, reduce expenses, enhance openness, and find a more effective substitute for the on-chain tax.

The plan suggests the introduction of weekly payments based on achieved milestones, executed through smart contracts, to enhance transparency and motivate timely project accomplishment. Additionally, the proposal includes integrating a flexible commission mechanism for validators, incorporating a built-in communication platform within the official Terra Classic Wallet, and simplifying user onboarding through Station’s entry points.

Additionally, the objective is to enhance security and establish confidence by making it obligatory for developers to participate in a voluntary KYC procedure, with validation conducted through Github assets and pull requests. To prevent dual funding for Allnodes and Hexxagon endpoint infrastructure, it suggests the division of Hexxagon’s spending proposals.

Furthermore, the document proposes substituting the existing 0.5% on-chain tax with a more effective and adaptable approach, facilitating the transition of projects between Terra Luna Classic and tax-exempt chains like LUNA. Another recommendation is to include a text field within the voting segment of Station, enabling the provision of voting rationales.