HomeBlockchainOver 115 Billion LUNC Disappeared From Staking — What Actually Happened?

Over 115 Billion LUNC Disappeared From Staking — What Actually Happened?

-

Over 115 Billion LUNC Disappeared From Staking What Actually Happened

On 23 November at 07:59 AM UTC the Terra Classic network showed about 966 billion LUNC staked, equal to 14.92 percent of the total supply.

One hour later at 08:59 AM UTC the staking total dropped to about 850 billion LUNC or 13.13 percent. Around 115 billion LUNC appeared to be removed from staking.

Later the same day at 21:59 UTC the staking amount returned to around 966 billion LUNC.

The real reason was that AutoStake one of the biggest validators went into jail status for a short time. This validator holds around 115 billion LUNC and jailed stake does not appear in the active staking total.

The change was not caused by mass unstaking. The stake became invisible because the validator was jailed. Once AutoStake returned to normal, the missing 115 billion LUNC appeared again.

Right now the staking system is working normally. AutoStake is active and healthy. The current staked amount is 969,080,575,159 LUNC with more than 2 billion LUNC added in the last 24 hours.

Adit 39
Adit 39https://www.adit39studio.com/
The world shall know PAIN

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

New Terra Classic Proposal Seeks Faster Smart Contract Updates for Juris Protocol and LuncSwap.fun

A new Terra Classic proposal seeks to allow Juris Protocol and LuncSwap.fun to upload smart contract updates without separate governance votes.

LUNC Staking: 6 Benefits for Holders and Terra Classic

Discover 6 key benefits of staking LUNC, from earning rewards and participating in governance to strengthening Terra Classic network security.

Garuda DEX Hacked: Trillions of Layer 2 Tokens Stolen

Garuda DEX suffers a major security breach after its admin wallet is compromised. Twelve staking contracts are hacked, resulting in trillions of Layer 2 tokens being stolen and sold.

Binance Hack Sparks Uncertainty Over November LUNC Burn as Withdrawals Remain Suspended

Binance's $6.3 billion security breach raises questions over its November LUNC burn as withdrawal services remain temporarily suspended.

Most Popular