Terra is a blockchain protocol that supports stable programmable payments, open financial infrastructure development, and provides payment channels for merchants and consumers. Terra is supported by a variety of fiat-pegged stablecoins, which are algorithmically stabilized by its native asset Luna.
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In addition, staking is available using any wallet that interacts with Terra command line tools, which can be accessed in this guide.
STEP ONE: DOWNLOAD STATION WALLET
Download Station wallet
Walletfrom the left menu and click
STEP TWO: ACCESS or CREATE YOUR WALLET
Settings > Generaland re-install the Terra App from Ledger Live Manager.
Access with Ledgerin Station Wallet
New walletin Station Wallet
STEP THREE: Delegate Your Luna to Bison Trails' Validator Node
Stakingfrom the left menu. Select Bison Trails’ validator
Bison Trailsfrom the list of Moniker links
Congratulations! You are now delegating to the Bison Trails validator.
We are available to answer your questions 9am–6pm ET Monday-Friday. Please contact us: email@example.com
The Terra protocol is non-inflationary, meaning that all rewards are based on transaction volume. The current reward rate for LUNA is approximately 11% per annum.
Tokens can be slashed on the Terra protocol, up to 5% of your delegated LUNA. The validator may be slashed for double-signing blocks or extended validator downtime, so it is important to choose a validator carefully.
Bison Trails charges a percentage service fee on all rewards earned by tokens delegated to our validator. The service fee is paid to Bison Trails automatically by the protocol. You can then withdraw your rewards from the protocol directly.
Participate in Terra, earn rewards, and help to secure the global payment network by becoming a node operator with Bison Trails
Have tokens on other networks? Learn more about delegating to our public validators on Celo, Cosmos, Edgeware, Kusama, Livepeer, Ontology, Polkadot, Solana, and more. We also offer dedicated participation clusters.