Huobi Global Weekly (05/16-05/22): Can Terra Be Rescued, And How?
1. Last Week’s Wrap-Up
Pioneer Zone New Launch
2. What to Watch Out for This Week
Higher leverages with ultra-low fee rates offered at Huobi Global
CandyDrop launches WOZX&NULS on May 16
Huobi Global Will List KLAY (Klaytn) on May 18, 2022
Huobi Global to Support POLY Rebrand to POLYX
Huobi Global to Open Trading for JUMBO at 8:00 (UTC) on May 16
Huobi Global Completes Ticker Update from GAL to GALFT
Huobi Global to Open Trading for KLAY at 07:00 (UTC) on May 18
Huobi Global Will List SFUND (Seedify) on May 19, 2022
Huobi Global Will List VLX (Velas) on May 18, 2022
Suspension of LUNA Dual Investment Subscription
Huobi Global to Open Trading for VLX at 13:00 (UTC) on May 18
Huobi Global to Open Trading for SFUND at 14:00 (UTC) on May 19
Huobi Global to Delist EDU and ZJLT
Huobi PrimeList to List KCT (Konnect) on May 25
Huobi Global Will List PLA (PlayDapp) on May 23, 2022
Enjoy Up to 500% APY on JUMBO with Huobi Earn
Enjoy Up to 400% APY on RETH with Huobi Earn
Enjoy Up to 30% APY on USDD with Huobi Earn
Delay in PrimeEarn High-Yield Tuesday 15th Deposit
Enjoy Up to 500% APY on VLX with Huobi Earn
Huobi Earn High-Yield Pizza Day: Enjoy Up to 500% APY on SFUND
3. Market Movers
4. Operating Metrics
Trading Volumes & On-chain Balances Chart
5. Huobi 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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