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
- Integration with the web by simplifying development through the use of familiar web tools (HTML and Javascript)
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 .
