Lido is a liquid staking solution for Terra (Luna). Lido lets users stake their Luna without locking assets or maintaining infrastructure whilst participating in on-chain activities, e.g. lending. Lido's goal is to solve the problems associated with Luna staking - illiquidity, immovability, and accessibility - making staked Luna liquid and allowing to improve the security of the Terra network.bLuna is a liquid and tradable token that represents staked Luna in Lido.&nbsp;When staking with Lido, users receive bLuna tokens on a 1:1 basis representing their staked Luna. bLuna balance can be used to earn yields and lending rewards.There are two ways of converting bLuna back to Luna:<ul><li>Unbonding. The unbonding process is when Luna tokens are undelegated from a validator and user gets Luna tokens while his bLuna tokens are burnt. The process takes 21 days.</li><li>Selling bLuna on Terraswap/Astroport.</li></ul>

Bonded Luna

bLuna is a token that represents staked Luna in Lido.

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