HTX Weekly (05/16-05/22): Can Terra Be Rescued, And How?
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1. Last Week’s Wrap-Up
Pioneer Zone New Launch
2. What to Watch Out for This Week
>Derivatives Trading<
Higher leverages with ultra-low fee rates offered at HTX
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>Spot Trading<
CandyDrop launches WOZX&NULS on May 16
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HTX Will List KLAY (Klaytn) on May 18, 2022
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HTX to Support POLY Rebrand to POLYX
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HTX to Open Trading for JUMBO at 8:00 (UTC) on May 16
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HTX to Open Trading for RETH at 12:00 (UTC) on May 16
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HTX Completes Ticker Update from GAL to GALFT
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HTX to Open Trading for KLAY at 07:00 (UTC) on May 18
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HTX Will List SFUND (Seedify) on May 19, 2022
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HTX Will List VLX (Velas) on May 18, 2022
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Suspension of LUNA Dual Investment Subscription
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HTX to Open Trading for VLX at 13:00 (UTC) on May 18
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HTX to Open Trading for SFUND at 14:00 (UTC) on May 19
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HTX to Delist EDU and ZJLT
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HTX PrimeList to List KCT (Konnect) on May 25
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HTX Will List PLA (PlayDapp) on May 23, 2022
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>HTX Earn<
Enjoy Up to 500% APY on JUMBO with HTX Earn
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Enjoy Up to 400% APY on RETH with HTX Earn
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Enjoy Up to 30% APY on USDD with HTX Earn
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Delay in PrimeEarn High-Yield Tuesday 15th Deposit
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Enjoy Up to 500% APY on VLX with HTX Earn
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HTX Earn High-Yield Pizza Day: Enjoy Up to 500% APY on SFUND
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3. Market Movers
4. Operating Metrics
Trading Volumes & On-chain Balances Chart
5. HTX Research Institute Analysis
Can Terra Be Rescued, And How?
LUNA prices fell from US$87 on 7 May 2022 to US$0.0002 at the time of writing. Meanwhile, its widely adopted stablecoin UST fell from the peg of 1:1 USD to 0.1:1 USD currently. Following the depeg, the LUNA token began to hyperinflate while the majority of the early LUNA holders experienced severe dilution of their investments. Those who stand to benefit the most from this part of the airdrop will be those who purchased LUNA following the stoppage of the token’s hyper-inflation.
Figure 1: Luna Supply History (Source: Terrascope)
Luna co-founder, Do Kwon, has announced V2 of his plan to move forward. The report offers a quick take on the proposal and whether the Terra ecosystem can emerge from this crisis.
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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any digital asset, product, or promotion on HTX. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.
