Portal Bridge by Wormhole Guide: How to transfer UST and Terra tokens to Solana (2024)

FAQs

How do I transfer UST from Solana to Terra? ›

Obtaining Terra Stablecoins (UST) from Luna

Click on Connect and connect to the app. At the bottom, you'll see a Swap coins feature where you can swap for UST. Once the swap is completed, you can proceed to use your UST in Anchor or across DeFi on Terra.

Simply go to Terra Bridge and connect your Metamask wallet. Ensure that you are sending from Ethereum to Terra. Choose LUNA as your asset, and enter your Terra Station wallet address as the destination. Once done, you are good to bridge your assets across.

The answer is no. You don't need a MEMO to send LUNA to your Station wallet.

From the Rebel Station dashboard, click Send. Chose the recipient's address and the amount. Click Submit. If you're sending LUNC/USTC to an exchange, make sure to include a memo tag.

a) Redeeming:

Go to https://portalbridge.com/#/redeem​ You need to enter your source chain and the corresponding transaction id (which you can find in your wallet, or with your address in the blockchains explorer) Click Recover. Click Redeem and accept the wallet approval.

How do you convert Wormhole tokens? ›

Visit the Terra Bridge site and select Connect Wallet. From the selection of networks, pick the network you wish to transfer funds from. If Ethereum or BSC is selected, a list of all supported wallets will appear. Click on the one you'd like to use for the transaction.

ANSWER. No, you don't need a MEMO to send UST to a Terra Station Wallet.

The fastest and cheapest route to move USD from your bank account to UST in your terra wallet is using Kado Ramp.

Bridge UST to Terra Blockchain

Make sure that you're going from BSC to Terra. Then change the Asset to UST. Enter the amount you want to bridge (I always try with a small amount first). Then enter your Terra Wallet address into the Destination Address field.

Terra can be traded using Coinbase Wallet, your key to the world of crypto. Terra is only available through Coinbase Wallet. Assets on Coinbase Wallet are not held by Coinbase.

Wrapped UST Token (UST) ERC20 Token in Binance Smart Chain Mainnet. Token is implemented as ERC20 smart contract with address 0x23396cf899ca06c4472205fc903bdb4de249d6fc .

TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. Its value is pegged 1:1 to the US dollar, making it an ideal medium of exchange on DeFi and TraFi platforms. We support the Ethereum (ERC-20) version of UST, which is a multi-chain asset.

What is Sol wormhole? ›

Wormhole is a communication bridge between Solana and other top decentralized finance (DeFi) networks. Existing projects, platforms, and communities are able to move tokenized assets seamlessly across blockchains and benefit from Solana's high speed and low cost. Category. Infrastructure. Apr 3, 2020 Share.

There are currently more than 600 such bridged assets, and this process takes about 14 days and is free.

Unfortunately, Terra (LUNA) cryptocurrency is not supported by Coinbase exchange but you can track all information about it there. You can buy Terra (LUNA) cryptocurrency on many other crypto exchanges such as Binance and Kraken. How do I get crypto not listed on Coinbase?

Terra (LUNA) ERC20 token on Binance Smart Chain mainnet. The token is implemented as an ERC20 smart contract at address 0xba1e47021877a8dbbad5470d98c570859aa5c8d9 with the Decimal of 18.

Terra (LUNA) recently saw a huge surge in its price, which has mostly faded away. Nonetheless, the rally might have given investors hope of a sustained recovery. While there have been positive developments recently, LUNA remains a highly-risky cryptocurrency that may not be coming back from the dead.

Enter the address of the wallet you want to send tokens to. Enter the amount you want to send. You can also add a memo to specify what the transaction is for. Verify the recipient address and transaction amount.

If you send funds without a tag/memo or with an incorrect Tag/Memo, your funds cannot be credited to your account.

Shuttle is a Terra-Ethereum bridge. Currently only allows Terra assets to be sent between Terra and Ethereum networks, and only supports the transfer of whitelisted assets.

A memo is a unique 9-digit figure assigned to each Stellar-based cryptocurrency account (e.g. XLM, WLO). It is used to identify the recipient in a transaction.

You can now stake UST in Solana's Mercurial finance and earn Yields, and more Terra-Solana Mashup coming soon-Buckle up!

How do I transfer to Solana? ›

Click on Connect and connect to the app. At the bottom, you'll see a Swap coins feature where you can swap for UST. Once the swap is completed, you can proceed to use your UST in Anchor or across DeFi on Terra.

There is only two crypto exchanges on which you can trade UST, you can buy UST with USD, EUR, also with stablecoins USDT, USDC, and with one crypto pair ETH. The top exchange by buy/sell volume for the last 24h is Kraken with usd trading pair. The below table shows all exchanges where you can buy UST crypto.

TerraUSD (Wormhole) is only available through Coinbase Wallet.

About TerraUSD (UST)

Terra is a blockchain protocol built on the Tendermint — Cosmos SDK that supports stable programmable payments and open financial infrastructure development.

Terra's tokens will be the first stablecoins on the Solana network. By bringing stablecoins onto our network, we aim to dramatically expand the design space for developers, opening the door to novel applications that require price-stable payments.

At the time of writing, the current transaction fee is 5,000 lamports per signature, so the minimum cost for these 1,200 transactions is 6,000,000 lamports, or 0.006 SOL. For the stake pool manager to break even, they must earn 0.006 SOL per epoch in fees.

Since launch, transaction fees on Solana have been fixed and low (0.000005 SOL per signature).

Exodus is a non-custodial software wallet that supports a wide range of crypto assets, including Solana. This wallet has an easy-to-use interface which makes it one of the best Solana wallets for beginners. Exodus wallet is a non-custodial wallet that supports over 290 digital assets and has an easy-to-use interface.

Can you sell UST on Coinbase? ›

In light of volatility involving Terra ecosystem assets, Coinbase has suspended trading in UST on May 27, 2022.

We are now accepting applicants for Shifters and Transferees (2nd Term A.Y. 2020-2021).

1 USTC = 0.02106 USD.