#lunc #ustc From news. Garuda-DeFi Launches Liquid Staking for LUNC, USTC, and CW20 Tokens
Garuda-DeFi is set to revolutionize the Terra Classic ecosystem with the launch of its liquid staking platform on August 17th. This innovative solution empowers validators, delegators, and token projects to earn multiple staking rewards without relinquishing their assets.
Unleashing the Power of Liquid Staking
Garuda-DeFi’s liquid staking platform is designed to address the limitations of traditional staking by offering a more flexible and rewarding approach. By enabling users to stake LUNC, USTC, and CW20 tokens while retaining ownership and liquidity, Garuda-DeFi opens up new possibilities for the Terra Classic ecosystem.
Implications for the Terra Classic Ecosystem
The launch of Garuda-DeFi’s liquid staking platform has the potential to significantly impact the Terra Classic ecosystem:
Increased Staking Participation: By offering greater flexibility and rewards, liquid staking can encourage more users to participate in securing the network.
Boosted Ecosystem Growth: The availability of liquid staking can attract new projects and developers to the Terra Classic ecosystem, fostering innovation and growth.
Strengthened Community: A thriving liquid staking platform can contribute to a stronger and more engaged Terra Classic community
