Terra

The Terra Protocol is the creator of the Luna Token, Terra Core, and the blockchain payment solution CHAI. The design of the Terra Protocol is based on two things: stability and adoption by e-commerce platforms.

It runs on a Tendermint Delegated Proof of Stake algorithm and Cosmos SDK. It is aimed at becoming a new worldwide financial infrastructure on which different DApps can be created.

Source: https://medium.com/stakin/what-is-terra-money-8eb1dcb314d2

Warning

Currently, Terra could not be used on Binary Installers since it would need a gateway connection for it to work. It can only be used when running Hummingbot from source or with Docker.

Prerequisites

Creating a Terra wallet

  1. Download and install Terra Station wallet from their site https://terra.money/
  2. Launch Terra Station and click the Connect button at the top
  3. Select New wallet to create a new wallet
  4. Fill out all forms and make sure to store your seed phrase in a secured place
  5. Confirm your seed to complete
  6. The Terra wallet address is located at the top

Connecting to Terra

Note

Before connecting your wallet address and seed, make sure to have Terra set up when you create your gateway-instance

  1. Run the command connect terra in the Hummingbot client
  2. Enter your Terra wallet address
  3. Enter your Terra wallet seed, including the spaces in between each word
  4. Create and run an amm_arb strategy to use the Terra connector