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How to Use AllBridge Bridge XRUNE from Terra to Fantom and Deposit onto Thorstarter Forge for Staking and IDO Participation

By Charles Gune | cryptoguru | 23 Mar 2022


I will show you how to use AllBridge Bridge XRUNE from Terra to Fantom to Deposit on Thorstarter Forge. I have Xrune on Terra chain. However, currently Thorstarter Forge is only supported in Fantom. Yields will be significantly higher than vXRUNE and will not require minting of any additional token. Forge generates high yield for XRUNE stakers who lock up their tokens longer term. Forge yields will be further boosted the longer users opt to lock up tokens, and the more they lock up. However, users who remove their tokens early will face a fee which goes to those users who hold.

Withdraw Xrune from app.thorstarter.org/tiers
First, you need to withdraw Xrune from app.thorstarter.org/tiers. I connect my Terra Station wallet. I see I have previously deposited 2500 Xrune tokens. I click Withdraw button to withdraw from Thorstarter Tiers. I pay little less than $0.20 in UST fees. After that XRunes are in my Terra Station wallet. You can see XRUNE on your Terra Station wallet balance next to Luna and UST (if you have any UST).

Using AllBridge Bridge XRUNE from Terra to Fantom

Secondly, Go to app.allbridge.io to start the Bridging. Select from Chain as Terra and to chain as Fantom Opera. AllBridge supports Bridging from Aurora, Avalaunch, BNB Chain, Celo, Ethereum, Fuse, Harmony, Huobi ECO Chain, Near, Polygon, and Solana. ABR is Allbridge native tokens. It is supported from any chain to any chain mentioned above. Bridge fees are minimum of $0.50 or 0.3% of assets. If you want to swap large amount of money I recommend using Multichain because ETH to any chain there is no fees. Other side chains have little fees. After you connect the Terra Station wallet to the Allbridge website. Currently from Terra to Fantom Bridge, the supported tokens are Xrune and ABR. Select the amount you going to Bridge. In my case I want to bridge 2500 Xrune equivalent for Tier 1 on Thorstarter eligibility. For the "Address to send your assets to" copy your Fantom address on Metamask. It is the top level Address on Fantom chain of Metamask. Past it here. In my case I am paying 2500x0.003=7.5 XRUNE as fee. That is the 0.3% of underlying bridging asset. You can reduce fees further if you have ABR staked. I am not going to worry about it now. Click Send. Enter your Terra Station wallet to confirm the Bridge. I am paying 0.138 UST or $0.138 as fees. Click Post. Wait for 5 confirmation to complete. In terra block this is less than 30 seconds of wait time. Final step is connect your Fantom Metamask wallet and claim your bridge funds. Click Connect wallet and connect your Metamask Fantom wallet. Click Receive. Pay 0.13 FTM in gas to claim it in Fantom Block chain. I have multiple time failed to claim because I did not pay enough FTM gas fees because Fantom was high in gas fee at the time of the shooting of this video. After funds appear on Metamask wallet, Click Add Xrune to the Metamask Wallet. You will able to see the XRune appearing on Metamask Fantom wallet. This complete the bridging on AllBridge.io.

Buying Extra Xrune on SpookySwap Fantom Dex
Thirdly, I need to be able to participate on up comming IDO on thorstarter platform. Since I only received 2492.5 Xrune not the required 2500 Xrune, I am short by 7.5 Xrune. So I am going to go to SpookySwap to buy 7.5 Xrune to make it 2500 Xrune. I end up buying 30 Xrune from Spooky Swap using USDC that I have on my account. I have to pay gas in Fantom. I use fantom gas tracker to make sure I do not pay to much on FTM gas.

Depositing on Thorstarter Forge Xrune For Staking and IDO Participation
Finally, I am going to thorstarter.org/forge and deposit XRUNE to forge wallets. I need to deposit 2500 Xrune in to Thorstarter Forge. I forge you can decide how long you going to lock your Xrune. I decided to lock mine for 300 days to get nearly maximum APY on Forge. Currently forge APR is 56.6%. You can use the calculator to see what your returns based on number of IDO sales and ROI per sale. The entire reason I decided to pull Xrune from Tiers and deposit to Forge is because my Xrune on Tiers in Terra blockchain was not appreciating in quantity. Xrune when I bought was around $0.60 now it is only $0.15. The $0.15 price is because we are in a bear market. I am not planning on selling my Xrune anytime soon. I want number of my Xrunes to appreciate over the next 300 days or so.

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Charles Gune
Charles Gune

I love anything about cryptocurrencies. I am avid follower of cryptocurrencies. I follow trends on crypto. I am small scale cryptocurrency miner with my private farm.


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