Terra (LUNA) has become one of the most popular Layer 1 protocols in the space thanks to their high yielding stablecoin UST. With UST, you can earn up to 19% APY on Anchor Protocol without having to worry about impermanent loss.

This guide will help you bridge your assets from Avalanche C Chain (AVAX) to Terra (LUNA) with a secure interoperability protocol like Allbridge.

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How to Bridge Avalanche (AVAX) to Terra

If you are looking to bridge AVAX to the Terra ecosystem, you will need to use a secure cross-chain DEX like Allbridge or Multichain. These applications will enable you to move assets from AVAX to Terra, or Terra to AVAX all through your Metamask Wallet.

You can follow the simple guide below to bridge UST from AVAX to Terra.

  1. Buy Allbridge (ABR) tokens from a DEX like Trader Joe
  2. Visit the Allbridge Platform and connect your Metamask Wallet
  3. Select Avalanche as the 'From' chain and Terra as the 'To' chain
  4. Input the amount of ABR tokens you want to bridge
  5. Confirm the transaction and swap your tokens
Bridging AVAX to Terra with Allbridge
Bridging AVAX to Terra via the Allbridge DEX.

Fees to Bridge AVAX to Terra

The fees to bridge your tokens from AVAX to Terra are relatively low thanks to the Avalanche C Chain consensus mechanism. Their Proof-of-Stake implementation means that all transactions on their network are less than 10 cents.

This means that you should pay no more than $1 even in times of high network demand and gas fee spikes.


Alternative Ways to Bridge to Terra (LUNA) from Avalanche

If you do not want to go through Allbridge to move your tokens to Terra, you can use a centralized exchange like Kucoin. Through Kucoin, you can bridge the UST stablecoin from their platform directly to Terra.

You can follow the guide below to quickly get started:

  1. Buy UST on Avalanche AVAX through Trader Joe or Platypus Finance.
  2. Sign up to Kucoin Exchange.
  3. Send UST from AVAX to your Kucoin account.
  4. Visit the 'Withdrawal' page on Kucoin and select 'UST'.
  5. Select the destination network as Terra and process your withdrawal.
Bridge UST to Terra from Kucoin
Bridge from AVAX to LUNA with Kucoin.

Is Terra a Safe Layer 1?

Yes the Terra ecosystem is one of the largest by Total Value Locked and therefore one of the safest smart contract platforms available. They are backed by some of the largest Venture Capitalists including Alameda Research, Jump Trading, Tiger Global, Naval Ravikant and many others.

That said, the Terra stablecoin UST did recently collapse after losing its Dollar peg. We would recommend avoiding using UST as a stable store of value.

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Final Thoughts

Bridging assets between different blockchains is a great way to diversify your portfolio and take advantage of the full range of DeFi applications available in the space. Through platforms like Allbridge, you can bridge AVAX assets like ABR or UST to different ecosystems like Terra without any hassle.

We hope this guide has been helpful, happy bridging! 🚀

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Avalanche
Terra
DeFi
Bridging
Interoperability

Author

Andrew Chen

Research Analyst
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Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

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