Terra

Last updated: Dec 03 2020

Protocol teams occasionally change the delegation / staking process. If the following instructions do not work, please email support@bisontrails.co for assistance.


Terra enables stable programmable payments and open financial infrastructure development supported by stablecoins.

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.

Minimum Tokens to Delegate

No minimum required

Warm Up Period

No warm up period

Unbonding Period

21 days

Service Fee

10%

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Bison Trails’ Validator Address


5DC4DBD15029FDBF19BFEAB0A7F0AF45CE1837BF

Bison Trails’ Validator Account ID


terra1qt7kqljer7fxzudqdyhx87l7wreeef53s9uxqw

Delegation Instructions

Currently, staking is available on Terra Station, the official desktop wallet created for holding Terra assets. Terra Station is officially available for Windows and macOS.

In addition, staking is available using any wallet that interacts with Terra command line tools, which can be accessed in this guide.

Using Terra Station

1. Download Station Wallet

  1. Click Download Station wallet
  2. Select Windows or macOS
  3. Install and open the application
  4. Select Wallet from the left menu and click Connect

2. Access or Create Your Wallet



  1. To access your LUNA via a Ledger Nano S or X Hardware Device:
    a. Ensure your Ledger device is linked and connected to Ledger Live
    b. Download the Terra App within the Ledger Live Manager
    c. Select Access with Ledger in Station Wallet
    d. Follow the on-screen instructions to link your Ledger device to Station Wallet
    e. Your LUNA balance from your Ledger wallet should now show in your Terra Station wallet.
  2. To create a new Terra wallet:
    a. Select New wallet in Station Wallet
    b. Create a wallet name and password
    c. Write down your seed phrase and save it somewhere safe. You will need to verify a portion of your seed phrase to finalize the creation of your wallet.
    d. Transfer LUNA to your wallet:
    i. Go to the account currently holding your LUNA
    ii. Transfer LUNA to your Station Wallet address, located on the top of the Terra Station Dashboard


3. Delegate Your Luna to Bison Trails' Validator Node

  1. Select Staking from the left menu. Select Bison Trails’ validator Bison Trails from the list of Moniker links


  2. On the Validator details page that opens, select Delegate
  3. Enter the amount of LUNA you would like to delegate and click Next
  4. Confirm the delegation by entering your Station Wallet password
  5. Confirm that you are delegating to the Bison Trails Operator address terravaloper1qt7kqljer7fxzudqdyhx87l7wreeef53s2smsa

Congratulations! You are now delegating to the Bison Trails validator.

Support

We are available to answer your questions 9am–6pm ET Monday-Friday. Please contact us: support@bisontrails.co



FAQ

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.

Interested in delegating on other protocols?

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.


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THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY. PLEASE DO NOT CONSTRUE ANY SUCH INFORMATION OR OTHER MATERIAL CONTAINED IN THIS DOCUMENT AS LEGAL, TAX, INVESTMENT, FINANCIAL, OR OTHER ADVICE. THIS DOCUMENT AND THE INFORMATION CONTAINED HEREIN IS NOT A RECOMMENDATION OR ENDORSEMENT OF ANY DIGITAL ASSET, PROTOCOL, NETWORK OR PROJECT. HOWEVER, BISON TRAILS (INCLUDING ITS AFFILIATES AND/OR EMPLOYEES) MAY HAVE, OR MAY IN THE FUTURE HAVE, A SIGNIFICANT FINANCIAL INTEREST IN, AND MAY RECEIVE COMPENSATION FOR SERVICES RELATED TO, ONE OR MORE OF THE DIGITAL ASSETS, PROTOCOLS, NETWORKS, ENTITIES, PROJECTS AND/OR VENTURES DISCUSSED HEREIN.

THE RISK OF LOSS IN CRYPTOCURRENCY, INCLUDING STAKING, CAN BE SUBSTANTIAL AND NOTHING HEREIN IS INTENDED TO BE A GUARANTEE AGAINST THE POSSIBILITY OF LOSS. THIS DOCUMENT AND THE CONTENT CONTAINED HEREIN ARE BASED ON INFORMATION WHICH IS BELIEVED TO BE RELIABLE AND HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE BUT BISON TRAILS MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE FAIRNESS, ACCURACY, ADEQUACY, REASONABLENESS OR COMPLETENESS OF SUCH INFORMATION.

ANY USE OF BISON TRAILS’ SERVICES MAY BE CONTINGENT ON COMPLETION OF BISON TRAILS’ ONBOARDING PROCESS, INCLUDING ENTRANCE INTO APPLICABLE LEGAL DOCUMENTATION AND WILL BE, AT ALL TIMES, SUBJECT TO AND GOVERNED BY BISON TRAILS’ POLICIES, INCLUDING WITHOUT LIMITATION, ITS TERMS OF SERVICE AND PRIVACY POLICY, AS MAY BE AMENDED FROM TIME TO TIME.

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Questions?

Learn more about delegation in our guide to delegating digital assets.

If you have questions, or if you are interested in running a validator, please contact us. Our protocol specialists are happy to assist you.