This guide contains detailed steps on how you can use the Terra Bridge to transfer tokens from the Terra network to other supporting networks.
To use the terra bridge, users are required to connect their wallet to access it.
Moreover, the bridge currently supports only 4 networks: Terra, Binance Smart Chain, Ethereum, and Harmony with certain wallets:
Note: In this case, we will use the bridge to transfer assets from Terra to Binance smart chain. Also, we are using the bridge for the Chromium browser, so for the Terra network, users can connect with the Terra station wallet. Finally, we will use LUNA tokens for this process.
Now, let’s get into the guide:
These are the steps you need to follow to use the Terra Bridge
Once you fill in these details, click on Next. The bridge will finally show you the network charges, shuttle fee, and the approximate amount that you will receive at the end of the process.
If you are satisfied with the details, then click on Confirm. Then, a transaction will be generated on your Terra station wallet. Confirm it by giving your wallet’s password.
Once it is successful, you will receive a completion message on your screen (see below screenshot).
3. Add LUNA Token In Destination Wallet: For this process, we have connected our Metamask wallet to work with the BSC network. To see the desired LUNA token in your Metamask wallet, you have to manually add the token contract address.
To add the token, click on Import Tokens and add the token address there. You can get the token address from the field Copy LUNA Token Address field (see screenshot above). You can copy and paste this address in the Import Tokens field to get your LUNA balance in the destination BSC network.
Users can follow the same steps to transfer supporting tokens among the different supporting networks.
Join us on Telegram to receive free trading signals.
For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.
Pearl (PRL) jumps 27% as traders focus on its Proof-of-Useful-Work model, AI inference infrastructure and expanding PRL trading markets.
Lido contributors proposed Lido Lend, a modified Morpho Blue fork for stETH staking loops. Governance, market parameters and audits are still unpublished.
ETH
Coinbase says its Deribit integration is done and CFM will pool US and global crypto derivatives. US options access via Prime is due in Q4.
