SpookySwap Welcomes the Terra Network Community to Partnered Staking! xBOO holders, today we are happy to be able to offer you the next partnered staking pool in collaboration with Terra network!
The xBOO Pool: Stake xBOO tokens to earn LUNA tokens!
The Farm: In addition to the LUNA xBOO Pool, we would provide a FTM-LUNA farm that will have 1x BOO rewards for the first 48 hours and then 0.8x BOO rewards after that, as well as a FTM-UST farm that will have 1.5x BOO rewards for the first 48 hours and then 1x BOO rewards after that.
What is Terra Network?
Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency Luna, to facilitate programmable payments and open financial infrastructure development.
The Terra network achieves price stability for its native stablecoin UST by algorithmically adjusting its supply based on fluctuations in demand. Once the network detects that a Terra stablecoin has deviated from its peg, it will apply pressure to correct the deviation.
To learn more about Terra Network, Grim advises you to visit their official communication channels:
How do you stake xBOO to earn LUNA rewards? If you own BOO tokens, congratulations! You’re one step away from staking xBOO. It’s easy to learn how to stake xBOO for Partnered Staking.
LUNA Address
Beware scam tokens! The correct LUNA (Wormhole) address is: 0x593ae1d34c8bd7587c11d539e4f42bff242c82af
And the correct UST (Wormhole) address is: 0x846e4d51d7e2043c1a87e0ab7490b93fb940357b