On April 13, LunarCrush will introduce a DeFi protocol called LunrFi for its users, allowing them to begin staking the native Lunr token for monthly payouts of up to 25%. LunarCrush stated that LunrFi will have no effect on Lunr’s tokenomics and that its DeFi initiatives will benefit the ecosystem.
LunrFi will allow customers to stake their Lunar for as little as one month and as much as 12 months, with the earning percentage growing every three months. Staking for a single month can provide up to an 8% return, while longer vesting periods yield larger yields. Staking for 12 months, for example, will provide customers with massive returns of up to 25% every month.
Users can also choose to finish their bets early by forfeiting incentives. LunarCrush is a crypto intelligence service that collects data about Bitcoin, altcoins, and exchanges from social media and provides users with a variety of tools to use that data to become more educated. Its native token, Lunr, is constructed on the Zilliqa blockchain and presently supports Ethereum and Binance Smart Chain.
Following extensive feedback and testing, LunarCrush stated that it has concentrated hard on designing an easy-to-use staking interface. Because Lunr is based on Zilliqa, using LunarFi’s services will necessitate the usage of a ZilPay wallet linked to a LunarCrush account, which will also let user activity count toward the company’s other goods, such as Level Access.
Users will be able to freely transfer Lunr from their LunarCRUSH wallet to ZilPay through the website and app, and any Lunr retained in the associated ZilPay wallet will count toward Level Access. Furthermore, LunarFi is intended to work in tandem with all of LunarCrush’s other products, such as Profile Strength and its weekly Lunr release.
