How to Migrate Terra $BRO to Avalanche

Brokkr Finance
4 min readJul 26, 2022

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We’re finally getting closer to relaunching Brokkr and we will launch a wallet linking tool next week. This tool enables linking your Terra wallets with your Avalanche wallets to receive AVAX $BRO.

All Terra wallets that held $BRO assets before the snapshot will receive their equivalent on the Avalanche network.

Brokkr assets
• $BRO in the wallet
• $bBRO in the wallet
• Staked (& locked) $BRO
• $BRO in unstaking period
• Unclaimed $BRO rewards
• Unclaimed $bBRO rewards
• $BRO in Astroport pool as LP
• Vested $BRO in Bonding
• Brokkr Whitelist NFTs (but they will be airdropped later this year)

Main Specification

Supported New Wallets: Metamask & XDEFI
Airdrop date: ETA Mid-September
$BRO airdrop ratio: 1:1
$bBRO airdrop ratio: We’re not transferring the locked status so the ratio is not 1:1. bBRO migration formula AVAX $bBRO = bro_in_wallet-premium_earned+premium_earned/sqrt(unstaking_period)
Brokkr Whitelist NFTs: They will be migrated later this year in a separate airdrop (October/November)
Timeframe: There is no end date for linking the wallets yet. After the initial airdrop, we will have regular drops for “late address linkers”
$BRO Snapshot date: 13.05.2022, 17:59, GMT+2

Note0: Terra Station Mobile can’t sign ownership and link wallets, it is needed to import its seed phrase to the desktop Terra Station wallet. How to import the seed phrase.
Note1: Only Metamask and XDEFI will be supported for staking BRO at the start.
Note2:
Only Metamask will be supported in the Brokkr invest app (Portfolios) upon launch.

How to link Terra Station with Avalanche wallet

0. Select the “Classic” Terra network in the wallet

If you did a transaction on the new Terra, you might need to switch the networks from “Mainnet” to “Classic”. In some cases, it might causes errors.

1. Go to https://dao.brokkr.finance/

2. Connect with the Terra Station wallet that held $BRO assets

If you have $BRO assets on multiple Terra wallets you need to link each wallet separately, but you can link all of them to the same AVAX address.

3. Input your AVAX address

If you held $BRO assets at the time of the snapshot (13.05.2022, 17:59, GMT+2) you will be able to input the address.

Please make sure the Avalanche address is either from Metamask or XDEFI wallet. Only these wallets will be supported by Brokkr DAO at launch.

4. Click on “Link Wallet

5. Confirm that you are using Metamask or XDEFI

Other wallets won’t be supported for Brokkr staking.
And only Metamask will be supported upon Brokkr Investment App launch.

6. Sign the transaction with your Terra wallet

You don’t need any funds in the wallet to sign the transaction

7. Successful wallet linking!

After successful linking, you will see this dashboard with all your BRO holdings from the date of the snapshot. Everything will be automatically airdropped to the AVAX address you specified. Only NFTs will be airdropped later.

If you got to this point, the linking was successful and you will get the airdrop automatically.

bBRO Airdrop Formula

AVAX $bBRO = bro_in_wallet-premium_earned+premium_earned/sqrt(unstaking_period)

If you think something is missing, check your other wallets, or let us know in Discord.

If you want to receive the new BRO tokens somewhere else, you can change the AVAX address by clicking the “change AVAX address” button. Changing the address will be available till the $BRO airdrop.

If you didn’t hold any $BRO assets at the time of snapshot (13.05.2022, 17:59, GMT+2), you won’t be able to link the address.

Fields Description

  1. Terra address = the Terra address from which you are linking
  2. AVAX address = the Avalanche address that’s currently linked and where you will receive AVAX BRO assets
  3. $BRO Tokens = all $BRO tokens that weren’t staked that you will receive directly in your wallet with immediate access
  4. $bBRO Tokens = $bBRO that you held + pending $bBRO payout from staking rewards
  5. $BRO Staked = all previously staked (+ locked) $BRO will be transferred in a “staked” state. After the airdrop they can be unstaked again.
  6. NFT Tokens = Brokkr Whitelist NFTs

Follow Brokkr on:
🌎 BRO Website
🐦 BRO Twitter
🎮 BRO Discord
✉️ BRO Telegram

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Brokkr Finance
Brokkr Finance

Written by Brokkr Finance

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