How to On-ramp into THORChain with Kado Ramp

Set Up Your Terra Wallet

You'll first need to download the Terra Chrome extension and create a Terra wallet to transfer your UST to. See Terra’s guide to download Terra Station and create a wallet.

Alternatively, you can use multi-chain supported wallet options such as XDEFI. See how to set up a XDEFI wallet here.



Kado Ramp

Now that you've created your Terra wallet, you're ready to on-ramp! Go to ramp.kado.money website, enter the amount of UST you want to purchase, and click "Buy Now".



You will then be prompted to enter your Terra wallet address. Go back to Terra Station to find your wallet address where it says "Connect" in the top right corner, and copy.



Once you paste your wallet address and click "Buy UST", you'll be prompted to confirm your email address. Check your email for the 4-digit code, and confirm on Kado Ramp. Next you'll go through KYC as a first time user. Once you provide your information and pass KYC, you will not have to do this again as a returning user. For more info on Kado KYC, see here.

After passing KYC approval, you're ready to enter your payment information to complete the purchase of UST. Follow the instructions to connect your debit, credit card, or bank account.

Once you submit the purchase, you'll be prompted via email to confirm the transfer, which is a necessary last step to send the UST to your wallet address. After confirming the transfer via email, your UST should arrive in your Terra wallet within a few minutes.

THORSwap

Trade UST on THORSwap for Native Assets

THORSwap is a leading cross-chain DEX aggregator that utilizes the THORChain network to provide a front-end user interface to perform cross-chain swaps. THORSwap enables UST to be swapped between native assets (BTC, ETH, BNB, DOGE, LTC, BCH) in one step.

Go to app.thorswap.finance.



In order to swap tokens outside the Terra ecosystem, you need to set up a non-custodial "Keystore wallet" on THORSwap. This enables you to hold non-Terra tokens on the platform. See THORSwap's tutorial how to create a keystore wallet.

Alternatively, you can use multi-chain supported wallet options such as XDEFI. See how to set up a XDEFI wallet here.

Now that both your Terra Station and Keystore wallets are created, you need to connect them to THORSwap. Click "Connect" at the top right corner of the screen, and select "Connect Terra Station".




Next to connect your Keystore wallet, click "Wallet", "Connect another wallet", and "Connect Keystore".



Once you have your wallets set up securely, you're ready to start swapping! On the left side of THORSwap - select "Swap".



Select the two assets you want to swap. The top selected asset you're selling, and the bottom asset is what you're acquiring. Then select the quantity you want to swap. Check the swap rate, slip and fees. (Confirm details before clicking - transaction will be initiated immediately upon clicking "Swap.") When you're ready - click "Swap" to confirm!



Congratulations! You've participated in your first cross-chain swap on THORChain!

Earn Yield on UST in THORSwap

For those interested, there is much more to THORChain than just swapping - like earning yield on deposits for example.

First, make sure you have connected your Terra Station & Keystore wallets (or multi-chain supported wallets) to THORSwap.

On the left side of THORSwap, click on "Deposit".



Select how you would like to deposit UST. You have the option to deposit UST only, deposit both UST and RUNE, and deposit only RUNE. For this example, we'll go with depositing only UST.



Select the quantity of UST you wish to deposit, and add liquidity. You are now earning UST yields on your deposits!

For more information and details walking through Terra & THORChain, see THORSwap's Terra x THORChain article.
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