How to delegate $Luna(Terra) on Trusted Node using your Terra Station Wallet
Terra (LUNA) is a next-generation blockchain payment network interwoven with stablecoins and powered by its own LUNA coin.
Terra is a Stablecoin-Powered Payment Platform.
Terra Station is the official mobile wallet for managing native Terra assets and tokens and connecting with decentralized applications running on the Terra blockchain.
Installing the Terra Station wallet
The Terra Station extension is available in the Google Chrome store.
Click on “add to Chrome” and install the plugin.
Creating / Importing a new wallet
Once installed, you have 2 options: Creating a new wallet or Importing an existing one.
To import an existing account, you will need your seed phrase or your private key.
If you do not already have an existing account, click on “Create new account”.
Then, write down the seed phrase and store it in a secure location. Avoid taking screenshots or sending it by mail as hackers could put their hands on it and steal the funds on your wallet.
That’s it, your wallet is now created and ready to receive funds.
Adding funds to your wallet
When you click on the Terra Station extension, you will now see your Luna wallet address and your holdings.
You can use this address to top up your account, buying $LUNA tokens on centralized or decentralized exchanges.
Connecting your wallet on Trusted Node
To connect your wallet on Trusted Node, you simply need to click on “Connect wallet” on the delegate page.
From there, a Terra Station popup will appear and you simply have to click on “approve”. You will then be able to see your wallet address instead of the “connect wallet” button.
Delegating your tokens on Trusted Node
Now that your wallet is connected, you can start delegating your LUNA tokens.
To do so, simply click on “delegate” and a tab will open, displaying your LUNA balance. You can then decide to delegate everything by clicking “max” or you can type the amount you want to delegate and click on “delegate”.
A Terra Station popup will appear and you need to approve it once again.
That’s it, you just delegated your LUNA tokens on Trusted Node and you are already accumulating rewards!!
About Trusted Node
Trusted Node is creating a validator network for proof-of-stake and next-generation blockchains. It allows for professional stewardship of the network while providing yields to stakeholders who participate in the decision-making around nodes in the network infrastructure.
Trusted Node useful links: