To extend users’ opportunities to increase profits when holding AVAX and LUNA, starting from February 27th, ONUS officially enables the Staking Daily feature for these tokens.
As a result, individuals with 0.1 AVAX or 0.1 LUNA on the ONUS application will earn a profit of 3% each year, or 0.008% every day. Interest is paid daily in VNDC, calculated based on users’ AVAX or LUNA balances at 0:00 (UTC+7) each day.
AVAX is the original token of the Avalanche platform, which serves as a payment and reward system for users and implements various tasks within Avalanche’s protocols. It can be used to pay operations fees carried out on Avalanche sub-networks or stake to become Avalanche validators/block creators.
LUNA is a Terra ecosystem native token that allows investors to own, trade, and invest in the project, as well as participate in price stabilization for the TERRA Stablecoin. Terra is a blockchain project that uses the Proof of Stake consensus mechanism to provide a price stabilization solution to the e-commerce industry. Terra’s goal in creating Stablecoins is to take advantage of Cryptocurrency instead of other currencies with Fiat to apply payment activities and daily consumption.