Terra is from South Korea’s, Terraform Labs which is a blockchain protocol that uses fiat-pegged stable coins to power price-stable global payments systems.Terra has two native coins, LUNA and stable coin TerraUSD (UST). It aims to address three key blockchain challenges:
- Low speed by organizing nodes to facilitate better peer-to-peer communication
- Centralization of dapps by providing decentralized hosting
By giving Trust Wallet users the ability to stake LUNA, they will benefit by:
- Receiving transaction gas fees
- Tax fees
- Rewards and profit pools from seigniorage activity
You can see more details about the proposal by opening this link . Or you can just go right ahead and access the proposal directly thru the Trust Wallet Governance DApp and vote. Here is a guide that you can follow.
For iOS users, you can still vote by using WalletConnect.
Reminder, only those who are holding $TWT prior to the snapshot will be able to cast their votes. The amount of $TWT on your wallet corresponds to your voting power. Voting ends on September 22 at 4:00 AM UTC .