Orion.Money held the top spot for having the highest voting power on the Terra blockchain, consequently holding roughly 1.5 billion USD worth of stakes. Staking pools work somewhat similar to a bank account, where one would submit money to be held and gains interest as time goes by. Then, the user would pick a pool available within that wallet to delegate his or her coins to, in the hopes of eventually getting the rewards of additional cryptocurrency. This interest mechanism is called "Proof-of-Stake" or PoS: people can commit - or "stake" - their own cryptocurrency to "validators" (sometimes also called staking pools) in exchange for rewards.
Biggest validators for Terra (LUNA) based on voting power (share of total LUNA staked) on March 24, 2022
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Statista. (March 24, 2022). Biggest validators for Terra (LUNA) based on voting power (share of total LUNA staked) on March 24, 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1298501/luna-biggest-validators/
Statista. "Biggest validators for Terra (LUNA) based on voting power (share of total LUNA staked) on March 24, 2022." Chart. March 24, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1298501/luna-biggest-validators/
Statista. (2022). Biggest validators for Terra (LUNA) based on voting power (share of total LUNA staked) on March 24, 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1298501/luna-biggest-validators/
Statista. "Biggest Validators for Terra (Luna) Based on Voting Power (Share of Total Luna Staked) on March 24, 2022." Statista, Statista Inc., 24 Mar 2022, https://www.statista.com/statistics/1298501/luna-biggest-validators/
Statista, Biggest validators for Terra (LUNA) based on voting power (share of total LUNA staked) on March 24, 2022 Statista, https://www.statista.com/statistics/1298501/luna-biggest-validators/ (last visited November 21, 2024)
Biggest validators for Terra (LUNA) based on voting power (share of total LUNA staked) on March 24, 2022 [Graph], Statista, March 24, 2022. [Online]. Available: https://www.statista.com/statistics/1298501/luna-biggest-validators/
