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[Archives] Terra StakeDrop Tutorial Using Terra Station: How LUNA Holders Can Participate in Persistence’s StakeDrop

We recently announced our third StakeDrop campaign launching on the Terra Network on December 19th. LUNA holders and stakers may begin participating in StakeDrop as early as the 17th of December, 2020.

The Terra StakeDrop campaign will run for approximately 25 days.

Magic Transactions for the Terra StakeDrop will go live on December 17, 2020, around 12:30 PM IST (block height: 1,003,400).

Stakers and delegators can send in their Magic Transactions after block height 1,003,400 to receive XPRT rewards as early as possible post-launch, December 19th.

About Persistence

Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.

Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.

Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.

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Persistence is a Tendermint/Cosmos-based Layer-1 network powering an ecosystem of DeFi products aimed at making liquid staked assets the default assets of the the PoS economy.

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