Huobi Global Weekly (05/23-05/29):Fixed-Rate DeFi Protocols: Bear Market Haven?

1. Last Week's Wrap-Up

PrimeList
Huobi Primelist to List KCT (Konnect) on May 25
Click link for more information

Pioneer Zone New Launch

Listed Date

Projects

Maximum Gain Since Launch

2022/05/23

PLA

36%

2022/05/24

TLOS

33%

2022/05/24

BRT

682%

2022/05/24

MESA

58%

2022/05/24

MCONTENT

94%

2022/05/25

OCT

53%

2022/05/26

AQT

65%

2. What to Watch Out for This Week
 >Derivatives Trading<
Brand-New Event: Trade AQT to Share 80,000 USDT Prize Pool!
Period: 13:00 (UTC) on May 27 - 13:00 (UTC) on Jun 3, 2022
Click link for more information

Brand-New Event: Trade TLOS to Share 80,000 USDT Prize Pool!
Period: 13:00 (UTC) on May 26 - 13:00 (UTC) on Jun 2, 2022
https://www.huobi.com/support/en-us/detail/104907876126062

Brand-New Event: Trade BRT to Share 80,000 USDT Prize Pool!
 Period: 12:00 (UTC) on May 26 - 12:00 (UTC) on Jun 2, 2022
Click link for more information

Deposit POLXY to Share 25,000 USDT Prize-pool
Event Period:13:00:00, May. 25 - 13:00:00, June. 1 (UTC)
Click link for more information

Join AURORA Q&A giveaway to share 29,000 USDT
Period: 12:00 May 25 - 12:00 May 31, 2022 (UTC)
Click link for more information

Brand-New Event: Trade KCT to Share 10,000 USDT Prize Pool!
Period: 13:00 (UTC) on May 25 - 13:00 (UTC) on Jun 1, 2022
Click link for more information

>Huobi Earn<
Enjoy Up to 500% APY on BRT with Huobi Earn
Launch Time: 12:00 (UTC) on May 26, 2022
End Time: 12:00 (UTC) on Jun 2, 2022
Click link for more information

Huobi Earn High-Yield Pizza Day: Enjoy Up to 300% APY on CUDOS
Launch Time: 12:00 (UTC) on May 25, 2022
End Time: 12:00 (UTC) on Jun 1, 2022
Click link for more information

Enjoy Up to 300% APY on MESA with Huobi Earn
Launch Time: 12:00 (UTC) on May 25, 2022
End Time: 12:00 (UTC) on Jun 1, 2022
Click link for more information

Enjoy Up to 300% APY on KCT with Huobi Earn
Launch Time: 12:00 (UTC) on May 25, 2022
End Time: 12:00 (UTC) on Jun 1, 2022
Click link for more information

Enjoy Up to 300% APY on MCONTENT with Huobi Earn
Launch Time: 14:00 (UTC) on May 24, 2022
End Time: 14:00 (UTC) on May 31, 2022
Click link for more information

Huobi Earn High-Yield Pizza Day: Enjoy Up to 400% APY on TINC
Launch Time: 12:00 (UTC) on May 24, 2022
End Time: 12:00 (UTC) on May 31, 2022
Click link for more information

3. Market Movers

Cryptocurrency

Last Week’s Closing Price (USDT)

Weekly Change

kct

0.07070400

607%

1sol

0.68000000

547%

chat

0.00231034

287%

topc

0.00115372

197%

stf

0.03300000

187%

brt

0.21650000

117%

anc

0.27420000

96%

xcn

0.17150700

83%

cnn

0.00000542

76%

egcc

0.00017683

65%

4. Operating Metrics

Security incidents

0

# of launched products

8

Futures trading volumes

20.42($billion)

Spot trading volumes

  23.44($billion)

On-chain user balances

1.52($billion)

Trading Volumes & On-chain Balances Chart

5. Huobi Research Institute Analysis
 
Fixed-rate DeFi Protocols: Bear Market Haven?
 
Fixed-rate, as a critical component in the financial derivative market, can be the anchor that secures future profit. Though they have achieved phenomenal success with rather creative design and scored quite well user number and TVL wise in their earlier launch phases, the drawbacks, such as low interest rate, intense competition, and lower overall attractiveness to investors have remained.

Protocol

Mode

TVL

Fixed Rate (USDC APY)

Yield Protocol

Zero-coupon bond

13M

3.34%

Notional

Zero-coupon bond

205M

3.9%

Pendle

Separated principal and interest

9.6M

3%

Element

Separated principal and interest

43M

1.59%

Sense

Separated principal and interest

1.8M

——

Barnbridge

Junior and senior bond

8.7M

0.42%


            Table 1: Summary of Fixed Rate Projects (Source: DeFiLlama & products’official websites)
 

Fixed-rate products must tackle this problem by thinking outside the box - by aligning the pricing scheme and integrating more lending protocols with higher interest.

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