Details about Nexus bLuna token share representation cryptocurrency
Nexus bLuna token share representation
NLUNA
Unknown for now
€27
14.317
Unknown
https://terra.money
Nexus bLuna token share representation price charts
NLUNA exchanges
Nexus bLuna token share representation, the crypto
Nexus bLuna token share representation (NLUNA) is a cryptocurrency token used in the Terra ecosystem, representing a share of staked bLUNA tokens. The NLUNA token can be traded, staked, or used to participate in governance decisions within the Terra ecosystem.
The point
The main point of Nexus bLuna token share representation (NLUNA) is to increase liquidity and accessibility for the staked bLUNA token. By creating a representation token, users are able to trade or stake their holdings without having to unstake their actual bLUNA tokens, which requires a waiting period and a fee.
The problem
Nexus bLuna token share representation (NLUNA) aims to solve the problem of illiquid staking tokens by creating a representation token that can be traded or staked without the same restrictions as the underlying token. This increases liquidity for bLUNA stakers and allows for more efficient capital allocation within the Terra ecosystem.
Compare NLUNA and BTC performance
| Timeframe | NLUNA | BTC |
|---|---|---|
| 1h change | 0 % | 0.275037 % |
| 24h change | 0 % | 1.05511 % |
| 7 day change | 0 % | 1.71708 % |
| 14 day change | 21.06 % | -7.61859 % |
| 30 day change | 24.69 % | -6.80856 % |
| 200 day change | 141.62 % | 129.346 % |
| Year change | 0 % | 139.298 % |