DeFi stands for Decentralised Finance and enables the transfer or trading of crypto assets within one or more decentralised networks (blockchains). The requirement for this is the smart contract capability of the corresponding blockchain (Terra Classic). Often, your crypto assets do not even have to leave your private crypto wallet. It is enough to sign a smart contract between you and the decentralised application (dApp).
Terra Classic DeFi transactions can be imported automatically into your Blockpit Wallet Depot via public key.
The symbol for Terra Classic will from now on be LUNC. If you have old unsynced Terra Classic transactions prior to 26.05.2022 with the symbol LUNA-2, you should either delete or edit them from LUNA-2 to LUNC.
The following Terra Classic (LUNC) based DeFi-transactions are automatically imported:
General
All native transaction types are supported (incl. Governance, Staking, Delegating, etc.) IBC-Transfers (Inter Blockchain Communication Protocol)
Blockchains like Terra Classic or Osmosis are based on Cosmos, and are able to communicate with each other. CW20 Tokens - all basic operations
CosmWasm is a smart contract platform. CW20 can be compared to the ERC20 token standard.
Swaps (Trades)
Swaps are the exchange (trade) of one crypto asset for another. Swaps are processed via decentralised exchanges (DEX).
The following dApps are supported:
Terraswap Terraswap Clones
My swap is recognised as unlinked deposit and withdrawal?
NFTs (ERC721)
Inflows and outflows of Non Fungible Tokens (NFTs) are automatically imported into your Terra Classic Depot in the form of Deposit, Withdrawal or Trade transactions.
Your NFT assets will be created completely dynamically through your Public Key.
The following NFT Transactions and dApps are supported:
Mints Claims Transfers RandomEarth Exchange (Mints, Trades, Offers)
Liquidity Providing/Mining
The providing of crypto assets in so-called liquidity pools is represented in the form of several swaps or trade transactions. The crypto assets provided are exchanged in equal parts for a so-called LP token. This LP token then represents your share in the corresponding liquidity pool. As soon as you leave the pool again, it is swapped back.
The following dApps are supported:
Terraswap Terraswap Clones
My LP transaction is recorded as unlinked deposit and withdrawal?
Lending
Lending is usually based on a change of allocation of your assets. By borrowing your crypto assets, so-called lending rewards can be earned.
The following lending applications are supported:
Anchor-Protocol (Borrowing, Liquidations, Rewards)
Staking, Airdrop & Bounty Rewards
If rewards are getting imported as Deposit, you can reclassify these transactions to the appropriate transaction type (Staking, Lending, Airdrop or Bounty) as shown in the image below.
Tip: Free NFT mints can be reclassified as Airdrops. You can identify them by the transaction note "Fallback_Claim".
Troubleshooting:
My transactions are imported incorrectly!
- Create your depot a second time under a different name and check if your transactions are now imported correctly.
- If your transactions are imported under an incorrect transaction type, you can edit them manually. Alternatively, please send us your public wallet address (public key) as well as the corresponding transaction hash from Terrafinder via ticket.
How does the asset balance calculation differ between Synced- and Unsynced Depots?
Why is my asset displayed as „Unknown“ in the depot balance?
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