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

2022/05/30 13:09

Others

1. Last Week's Wrap-Up

PrimeList
HTX 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

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

HTX 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 HTX 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 HTX 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 HTX Earn
Launch Time: 14:00 (UTC) on May 24, 2022
End Time: 14:00 (UTC) on May 31, 2022
Click link for more information

HTX 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. HTX 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.