Terra Station - HOME
There is a 21 day unbonding process for staked Luna during which delegated Luna does not earn rewards and cannot be transferred, exchanged or spent. Luna can however be slashed during the unbonding period.
Delegation is non-custodial and delegates cannot spend your Luna. Staked pays 90% of the block rewards and transaction fees to delegates, and offers the industry’s only 100% SLA on block production.
Terra Station is a Tendermint-based next-generation payment system that aims to be a family of cryptocurrencies that are each pegged to the world’s major currencies including the USD, EUR, CNY, JPY, GBP and KRW. Terra’s flagship currency, TerraSDR, will be pegged to the IMF SDR and serve as the unit of account for the Terra protocol (eg to denominate transaction fees). The protocol ensures price-stability via an algorithmically expanding and contracting supply token supply.
Daniel Shin, co-founder of Terra, is also the founder and chair of TicketMonster, a leading Korean e-commerce company. TicketMonster has raised $525M in the nine years of its existence from leading venture capital firms including Kohlberg Kravis Roberts (KKR). Shin has first hand experience with expensive credit card fees and understands the need for an efficient digital payment system.