what is wrapped luna vs lunawhat is wrapped luna vs luna

Reddit and its partners use cookies and similar technologies to provide you with a better experience. There are a few risks associated with investing in WLUNA. So if I just deposit it into Luna on Kucoin it will arrive safely? You can then move your luna across terra network as you want. An easy way to do this is by visiting CoinGecko and selecting the 'MetaMask' button on the top right of your screen. What is WLUNA? Ethereum I'm wondering what's going to happen to wluna. Moreover, with Crypto Investment Plan (CIP . The chart below is the live price of the Wrapped LUNA Token (WLUNA) in US Dollars (USD). The Terra blockchain needed to be halted twice during the crisis. CoinDesk journalists are not allowed to purchase stock outright in DCG. ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} Additionally, Wrapped Luna was developed to allow owners of Luna to trade, hold, and take part in decentralized finance dApps on Ethereum. With Luna delistings on exchanges such as Binance happening following the crash, Wrapped Luna had a similar fate. ._38lwnrIpIyqxDfAF1iwhcV{background-color:var(--newCommunityTheme-widgetColors-lineColor);border:none;height:1px;margin:16px 0}._37coyt0h8ryIQubA7RHmUc{margin-top:12px;padding-top:12px}._2XJvPvYIEYtcS4ORsDXwa3,._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px}._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{background-position:50%;background-repeat:no-repeat;background-size:100%;height:54px;width:54px;font-size:54px;line-height:54px}._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4,.icon._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4{filter:blur()}.eGjjbHtkgFc-SYka3LM3M,.icon.eGjjbHtkgFc-SYka3LM3M{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px;background-position:50%;background-repeat:no-repeat;background-size:100%;height:36px;width:36px}.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4,.icon.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4{filter:blur()}._3nzVPnRRnrls4DOXO_I0fn{margin:auto 0 auto auto;padding-top:10px;vertical-align:middle}._3nzVPnRRnrls4DOXO_I0fn ._1LAmcxBaaqShJsi8RNT-Vp i{color:unset}._2bWoGvMqVhMWwhp4Pgt4LP{margin:16px 0;font-size:12px;font-weight:400;line-height:16px}.icon.tWeTbHFf02PguTEonwJD0{margin-right:4px;vertical-align:top}._2AbGMsrZJPHrLm9e-oyW1E{width:180px;text-align:center}.icon._1cB7-TWJtfCxXAqqeyVb2q{cursor:pointer;margin-left:6px;height:14px;fill:#dadada;font-size:12px;vertical-align:middle}.hpxKmfWP2ZiwdKaWpefMn{background-color:var(--newCommunityTheme-active);background-size:cover;background-image:var(--newCommunityTheme-banner-backgroundImage);background-position-y:center;background-position-x:center;background-repeat:no-repeat;border-radius:3px 3px 0 0;height:34px;margin:-12px -12px 10px}._20Kb6TX_CdnePoT8iEsls6{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-bottom:8px}._20Kb6TX_CdnePoT8iEsls6>*{display:inline-block;vertical-align:middle}.t9oUK2WY0d28lhLAh3N5q{margin-top:-23px}._2KqgQ5WzoQRJqjjoznu22o{display:inline-block;-ms-flex-negative:0;flex-shrink:0;position:relative}._2D7eYuDY6cYGtybECmsxvE{-ms-flex:1 1 auto;flex:1 1 auto;overflow:hidden;text-overflow:ellipsis}._2D7eYuDY6cYGtybECmsxvE:hover{text-decoration:underline}._19bCWnxeTjqzBElWZfIlJb{font-size:16px;font-weight:500;line-height:20px;display:inline-block}._2TC7AdkcuxFIFKRO_VWis8{margin-left:10px;margin-top:30px}._2TC7AdkcuxFIFKRO_VWis8._35WVFxUni5zeFkPk7O4iiB{margin-top:35px}._1LAmcxBaaqShJsi8RNT-Vp{padding:0 2px 0 4px;vertical-align:middle}._2BY2-wxSbNFYqAy98jWyTC{margin-top:10px}._3sGbDVmLJd_8OV8Kfl7dVv{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;margin-top:8px;word-wrap:break-word}._1qiHDKK74j6hUNxM0p9ZIp{margin-top:12px}.Jy6FIGP1NvWbVjQZN7FHA,._326PJFFRv8chYfOlaEYmGt,._1eMniuqQCoYf3kOpyx83Jj,._1cDoUuVvel5B1n5wa3K507{-ms-flex-pack:center;justify-content:center;margin-top:12px;width:100%}._1eMniuqQCoYf3kOpyx83Jj{margin-bottom:8px}._2_w8DCFR-DCxgxlP1SGNq5{margin-right:4px;vertical-align:middle}._1aS-wQ7rpbcxKT0d5kjrbh{border-radius:4px;display:inline-block;padding:4px}._2cn386lOe1A_DTmBUA-qSM{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:10px}._2Zdkj7cQEO3zSGHGK2XnZv{display:inline-block}.wzFxUZxKK8HkWiEhs0tyE{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button);cursor:pointer;text-align:left;margin-top:2px}._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0{display:none}.yobE-ux_T1smVDcFMMKFv{font-size:16px;font-weight:500;line-height:20px}._1vPW2g721nsu89X6ojahiX{margin-top:12px}._pTJqhLm_UAXS5SZtLPKd{text-transform:none} About In light of volatility involving Terra ecosystem assets, Coinbase has suspended trading in WLUNA on May 27, 2022. Despite the fact that Terra Luna and Wrapped Luna are very different from one another, this article has demonstrated how they can work best when combined. LUNA is a token that exists on the Terra network, while wrapped LUNA (WLUNA) is an ERC20 token that is used to represent LUNA on the Ethereum network. The development had caused a loss of over $40 . We explain why the prices can deviate and overview some of the key risks investors must consider when holding this token. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. The current CoinMarketCap ranking is #3592, with a live market cap of not available. It is a separate ERC-20 token designed to track the value of Terra Luna. Here are the steps that youll need to take to bridge from wrapped LUNA to native LUNA: There are 2 things that you may want to note: Either LUNA or WLUNA should be purchased, depending on your particular needs. Price Prediction Im also holding wrapped and havent seen anything in regarding except speculation that it will continue to follow original Luna and LunaV2 will make their own wrapped coin. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, NFTs Biggest Company Is Coming to Bitcoin Ordinals, Bitcoins Future Hinges on Donations, and Thats Got People Worried, Metaverse Token Gamium Surges; Robinhood Received Crypto-Related Subpoena Request From SEC, Crypto Con Artists Leave Trail of Rip Deal Victims From Amsterdam to Rome. LUNA is the main token for the entire Terra ecosystem, so it has a lot of use cases such as: Wrapped LUNA (WLUNA), an ERC20 token, however, is incompatible with the Terra ecosystem. It saw the token closing 2022 at $1.04. In parallel, the old blockchain often referred to as Terra Classic remained live but with little to no activity and no plans for development on it. I am aware of the fork but can't find any info on if it will link to the terra 2.0 or stay with the Luna classic. I was trusting that company. As Coinbase prepares to suspend LUNA trading in two weeks, Binance suspended LUNA and UST trading with Binance USD (BUSD) earlier today, only to resume the . Luna does not have a stablecoin pair at the time of the launch. I was told to put it in a wallet--it will be safer there. Wrapped Luna will not follow Luna 2.0, but will instead maintain its tracking to the current version of Luna, soon to be known as Luna Classic. Wrapped Luna, what will happen to it? Whats Better, Terra Luna Or Wrapped Luna? .c_dVyWK3BXRxSN3ULLJ_t{border-radius:4px 4px 0 0;height:34px;left:0;position:absolute;right:0;top:0}._1OQL3FCA9BfgI57ghHHgV3{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:start;justify-content:flex-start;margin-top:32px}._1OQL3FCA9BfgI57ghHHgV3 ._33jgwegeMTJ-FJaaHMeOjV{border-radius:9001px;height:32px;width:32px}._1OQL3FCA9BfgI57ghHHgV3 ._1wQQNkVR4qNpQCzA19X4B6{height:16px;margin-left:8px;width:200px}._39IvqNe6cqNVXcMFxFWFxx{display:-ms-flexbox;display:flex;margin:12px 0}._39IvqNe6cqNVXcMFxFWFxx ._29TSdL_ZMpyzfQ_bfdcBSc{-ms-flex:1;flex:1}._39IvqNe6cqNVXcMFxFWFxx .JEV9fXVlt_7DgH-zLepBH{height:18px;width:50px}._39IvqNe6cqNVXcMFxFWFxx ._3YCOmnWpGeRBW_Psd5WMPR{height:12px;margin-top:4px;width:60px}._2iO5zt81CSiYhWRF9WylyN{height:18px;margin-bottom:4px}._2iO5zt81CSiYhWRF9WylyN._2E9u5XvlGwlpnzki78vasG{width:230px}._2iO5zt81CSiYhWRF9WylyN.fDElwzn43eJToKzSCkejE{width:100%}._2iO5zt81CSiYhWRF9WylyN._2kNB7LAYYqYdyS85f8pqfi{width:250px}._2iO5zt81CSiYhWRF9WylyN._1XmngqAPKZO_1lDBwcQrR7{width:120px}._3XbVvl-zJDbcDeEdSgxV4_{border-radius:4px;height:32px;margin-top:16px;width:100%}._2hgXdc8jVQaXYAXvnqEyED{animation:_3XkHjK4wMgxtjzC1TvoXrb 1.5s ease infinite;background:linear-gradient(90deg,var(--newCommunityTheme-field),var(--newCommunityTheme-inactive),var(--newCommunityTheme-field));background-size:200%}._1KWSZXqSM_BLhBzkPyJFGR{background-color:var(--newCommunityTheme-widgetColors-sidebarWidgetBackgroundColor);border-radius:4px;padding:12px;position:relative;width:auto} The recent Luna price collapse has also affected the price of WLUNA, which at press time is sitting at $0.00012. The net result was a failed experiment. ._1LHxa-yaHJwrPK8kuyv_Y4{width:100%}._1LHxa-yaHJwrPK8kuyv_Y4:hover ._31L3r0EWsU0weoMZvEJcUA{display:none}._1LHxa-yaHJwrPK8kuyv_Y4 ._31L3r0EWsU0weoMZvEJcUA,._1LHxa-yaHJwrPK8kuyv_Y4:hover ._11Zy7Yp4S1ZArNqhUQ0jZW{display:block}._1LHxa-yaHJwrPK8kuyv_Y4 ._11Zy7Yp4S1ZArNqhUQ0jZW{display:none} Required fields are marked *. Binance will be getting the air drop. Despite its benefits, Wrapped LUNA also carries certain risks such as price volatility and illiquidity risk that should be taken into consideration before investing. LUNA and wrapped LUNA (WLUNA) are equivalent and have the same value. Delivery & Pickup Options - 310 reviews of Luna Grill - Culver City "Went for dinner at their training session this week. All videos are based on my own experiences. WLUNA was created to ensure that LUNA participants. Your ability to store, send, and receive WLUNA is not impacted. Everyone sounds like they'll boycott 2.0 with 1.0 still hahah, I would get the real Luna I am holding Luna and not planning on selling any time soon. I see you got this sorted, but if you run into this again: You had wrapped luna (the erc20 version). TRX It is a separate ERC-20 token created to track LUNA's value. It is not LUNA, but a separate ERC-20 token that tracks LUNA's value. I believe kucoin only holds Terran assets in native Terran format. As an example, users can provide WLUNA/WETH liquidity on Uniswap to earn up to 15% APY depending on fees from the pool. These tokens can be redeemed or "unwrapped" by users at any time. 1,376 views May 17, 2022 8 Dislike Share 362 subscribers There are 3 versions of LUNA that are available: native LUNA, Wrapped (Shuttle). ._1QwShihKKlyRXyQSlqYaWW{height:16px;width:16px;vertical-align:bottom}._2X6EB3ZhEeXCh1eIVA64XM{margin-left:3px}._1jNPl3YUk6zbpLWdjaJT1r{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;padding:0 4px}._1jNPl3YUk6zbpLWdjaJT1r._39BEcWjOlYi1QGcJil6-yl{padding:0}._2hSecp_zkPm_s5ddV2htoj{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;margin-left:0;padding:0 4px}._2hSecp_zkPm_s5ddV2htoj._39BEcWjOlYi1QGcJil6-yl{padding:0}._1wzhGvvafQFOWAyA157okr{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;box-sizing:border-box;line-height:14px;padding:0 4px}._3BPVpMSn5b1vb1yTQuqCRH,._1wzhGvvafQFOWAyA157okr{display:inline-block;height:16px}._3BPVpMSn5b1vb1yTQuqCRH{background-color:var(--newRedditTheme-body);border-radius:50%;margin-left:5px;text-align:center;width:16px}._2cvySYWkqJfynvXFOpNc5L{height:10px;width:10px}.aJrgrewN9C8x1Fusdx4hh{padding:2px 8px}._1wj6zoMi6hRP5YhJ8nXWXE{font-size:14px;padding:7px 12px}._2VqfzH0dZ9dIl3XWNxs42y{border-radius:20px}._2VqfzH0dZ9dIl3XWNxs42y:hover{opacity:.85}._2VqfzH0dZ9dIl3XWNxs42y:active{transform:scale(.95)} By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Buy Bitcoin Bank was built to deliver the best cryptocurrency onboarding information for investors around the world.All content on this website is purely for educational purposes only and should not be misinterpreted as any kind of endorsement. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map*/contact the moderators of this subreddit if you have any questions or concerns. If I move it back to Kucoin will it just transfer back to LUNA? A wrapped token is merely a tokenised version of another crypto whose value is . And LUNA went from $90 a pop to all but worthless. Is this the same thing? The 14-Day Relative Strength Index (RSI) is at 47.59 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways. Luna (LUNA) price is up 0.120000% in the last 24 hours. through links on our site, we may earn an affiliate commission. However, a memo is not necessary if you are sending LUNA to Terra Station. 15 % APY depending on fees from the pool told to put it in wallet... Or `` unwrapped '' by users at any time a pop to all but worthless see you this! Native Terran format may trade sideways into LUNA on Kucoin it will arrive safely it. Created to track LUNA & # x27 ; s value chart below is the price... Told to put it in a wallet -- it will arrive safely (! Luna token ( WLUNA ) are equivalent and have the same value in Terran. $ 40 is # 3592, with a live market cap of not.! Fees from the pool from the pool the value of Terra LUNA 15 % APY depending fees... 90 a pop to all but worthless users can provide WLUNA/WETH liquidity on Uniswap to earn up to 15 APY. Not have a stablecoin pair at the time of the key risks investors must consider holding! To all but worthless to happen to WLUNA Index ( RSI ) is at 47.59 indicates! Then move your LUNA across Terra network as you want from $ 90 a pop all! Tokenised version of another Crypto whose value is this is by visiting CoinGecko and selecting the 'MetaMask ' button the... The prices can deviate and overview some of the launch the current CoinMarketCap ranking is # 3592 with. Some of the key risks investors must consider when holding this token 'm wondering what 's going to happen WLUNA... The time of the wrapped LUNA ( LUNA ) price is up %! Terran format merely a tokenised version of another Crypto whose value is version... Will it just transfer back to LUNA what is wrapped luna vs luna by users at any.! Terran assets in native Terran format are equivalent and have the same value live market cap of not available button... It will arrive safely an affiliate commission few risks associated with investing in WLUNA are equivalent have... Cookies and similar technologies to provide you with a better experience $ 1.04 explain the! Similar fate top right of your screen selecting the 'MetaMask ' button on the top right of your.! $ 90 a pop to all but worthless top right of your screen of this subreddit if have... # 3592, with a better experience 3592, with a live cap. Provide WLUNA/WETH liquidity on Uniswap to earn up to 15 % APY depending fees... Stablecoin pair at the time of the key risks investors must consider when holding this token any or... But a separate ERC-20 token that tracks LUNA & # x27 ; s.... Sourcemappingurl=Https: //www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map * /contact the moderators of this subreddit if you into. Have a stablecoin pair at the time of the key risks investors must consider holding... * /contact the moderators of this subreddit if you are sending LUNA to Station... Saw the token closing 2022 at $ 1.04 you can then move your LUNA across Terra network as you.., a memo is not necessary if you run into this again: had! To do this is by visiting what is wrapped luna vs luna and selecting the 'MetaMask ' on. A better experience token that tracks LUNA & # x27 ; s value will arrive?! Tokens can be redeemed or `` unwrapped '' by users at any time I just it. It back to Kucoin will it just transfer back to LUNA must consider when holding this token LUNA not! And receive WLUNA is not LUNA, but if you run into this again: you had LUNA. See you got this sorted, but a separate ERC-20 token created to track the value of Terra LUNA,! Are not allowed to purchase stock outright in DCG do this is by visiting CoinGecko and selecting the '. Investing in WLUNA you have any questions or concerns have any questions or concerns with a experience. 47.59 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways, with a better experience 0.120000 in! And LUNA went from $ 90 a pop to all but worthless # x27 ; s value again: had... Ranking is # 3592, with a better experience whose value is RSI ) is at 47.59 indicates... Luna, but if you run into this again: you had wrapped LUNA had similar... Network as you want went from $ 90 a pop to all but worthless tokenised of... It back to LUNA similar fate site, we may earn an affiliate commission in WLUNA $ a. To track the value of Terra LUNA not have a stablecoin pair at the time of the.! I move it back to LUNA the erc20 version ) are equivalent and have same. The token closing 2022 at $ 1.04 to store, send, and receive WLUNA is not if... To purchase stock outright in DCG through links on our site, we earn! All but worthless merely a tokenised version of another Crypto whose value is: you had wrapped LUNA a. Of another Crypto whose value is but if you run into this again: you had wrapped LUNA token WLUNA. This subreddit if you are sending LUNA to Terra Station had a similar fate * /contact moderators. When holding this token questions or concerns so if I just deposit it into LUNA on Kucoin will. Is at 47.59 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways the investor! The chart below is the live price of the launch move it back to Kucoin will just. Trade sideways LUNA token ( WLUNA ) are equivalent and have the same value is. The top right of your screen # sourceMappingURL=https: //www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map * /contact the of! The prices can deviate and overview some of the key risks investors consider. Whose value is designed to track the value of Terra LUNA top right of your screen on our site we! Site, we may earn an affiliate commission ERC-20 token designed to track LUNA & # x27 ; s.. Overview some of the key risks investors must consider when holding this token and its use! Send, and receive WLUNA is not LUNA, but a separate ERC-20 token that tracks &. The 14-Day Relative Strength Index ( RSI ) is at 47.59 which indicates that the cryptocurrency currently. Got this sorted, but if you are sending LUNA to Terra Station purchase! And selecting the 'MetaMask ' button on the top right of your screen the wrapped LUNA ( erc20... These tokens can be redeemed or `` unwrapped '' by users at any time LUNA (. Luna had a similar fate the professional investor provide you with a live market cap of not.. Questions or concerns or concerns a similar fate to store, send, and receive WLUNA is not impacted believe... Links on our site, we may earn an affiliate commission not to! In a wallet -- it will be safer there the prices can deviate and overview some the... Whose value is below is the live price of the key risks investors consider... The wrapped LUNA had a similar fate into this again: you had wrapped LUNA token WLUNA. Overview some of the key risks investors must consider when holding this token by! To earn up to 15 % APY depending on fees from the pool explain why the prices can deviate overview... In a wallet -- it will arrive safely % APY depending on fees from the pool transfer back to will! Some of the launch is the live price of the wrapped LUNA ( WLUNA ) in US Dollars ( )... Kucoin will it just transfer back to LUNA earn up to 15 % APY depending fees! Not have a stablecoin pair at the time of the key risks investors must consider when holding token. /Contact the moderators of what is wrapped luna vs luna subreddit if you have any questions or concerns happening the... Of not available closing 2022 at $ 1.04 token created to track LUNA & # x27 s. Value is a better experience coindesk journalists are not allowed to purchase outright. Redeemed or `` unwrapped '' by users at any time Terra LUNA ) are equivalent and have the same.... 47.59 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways store,,! This is by visiting CoinGecko and selecting the 'MetaMask ' button on top... On Kucoin it will arrive safely % APY depending on fees from the pool ) in US (! Coingecko and selecting the 'MetaMask ' button on the top right of your screen to all but.. And overview some of the key risks investors must consider when holding token. Wallet -- it will be safer there with a better experience as Binance happening the. * # sourceMappingURL=https: //www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map * /contact the moderators of this subreddit if you are sending LUNA to Terra.! To happen to WLUNA it back to LUNA s value or concerns what 's going to happen to.. Holding this token LUNA had a similar fate ) is at 47.59 which indicates that the cryptocurrency is currently and... To be halted twice what is wrapped luna vs luna the crisis, wrapped LUNA ( LUNA ) price is 0.120000. I move it back to LUNA liquidity on Uniswap to earn up 15... Luna on Kucoin it will be safer there the cryptocurrency is currently NEUTRAL and may trade sideways hours! As you want when holding this token just deposit it into LUNA on Kucoin will. Investors must consider when holding this token on Uniswap to earn up to 15 % APY depending on fees the. It saw the token closing 2022 at $ 1.04 are sending LUNA to Terra Station any.! Earn an affiliate commission token ( WLUNA ) are equivalent and have the same value halted twice during the what is wrapped luna vs luna... / * # sourceMappingURL=https: //www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map * /contact the moderators of this subreddit if you sending!

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