bitmex Terra Luna 2.0 Listings

New week, new arrivals. Users will soon be able to trade our new XBT and USDT margined Terra Luna 2.0 contracts – all with up to 25x leverage.

LUNAUSD and LUNAUSDT will be launched at 04:00 UTC on June 2, 2022. Read on to learn more about our new perpetual contract listing.

LUNAUSD Dual Currency Contract Specifications

Like all dual currency contracts, the LUNAUSD product has a fixed Bitcoin multiplier regardless of the LUNA/USD price. This allows traders to go long or short the LUNA/USD rate without touching LUNA or the US dollar.

Traders deposit in XBT and earn or lose XBT as the LUNA/USD exchange rate changes. This dual currency risk premium may be one of the factors that causes the LUNA/USD swap to generate a premium/discount to the LUNAUSDT spot price.

Invest in Terra Luna 2.0 (LUNA) on BitMEX

Main contract details:

  • Symbol: LUNAUSD
  • Margin currency: XBT
  • Bitcoin Multiplier: 0.0001 XBT (10,000 Satoshis)
  • XBT Contract Value: LUNAUSD Price * Bitcoin Multiplier (10,000 Sat / 1 USDT)
  • Underlying: .BLUNA
  • Max Leverage: 25x
  • Maker Fee: -0.01%
  • Taker Fee: 0.075%
  • Base Initial Margin: 4.00%
  • Base Maintenance Margin: 2.00%

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LUNAUSDT Linear Contract Specifications

LUNAUSDT is a linear perpetual swap with USDT as margin.

Main contract details:

  • Symbol: LUNAUSDT
  • Margin currency: USDT
  • Contract Size: 0.001 LUNA
  • Lot Size: 1000
  • Minimum Trade Amount: 1
  • Underlying: .BLUNAT
  • Max Leverage: 20x
  • Maker Fee: -0.01%
  • Taker Fee: 0.075%
  • Base Initial Margin: 5.00%
  • Base Maintenance Margin: 2.50%

Invest in LUNAUSDT on BitMEX

Both LUNAUSD and LUNAUSDT contracts will begin trading at 04:00 UTC on June 2, 2022.

What is Terra Luna 2.0 (LUNA)?

After the collapse of Terra Luna, the protocol founder and CEO – Do Kwon – proposed a revival plan that outlined the creation of a new Terra chain that would not have an algorithmic stablecoin. The old chain will be called Terra Classic, while the old Luna token will carry the ticker symbol LUNC. On May 25, 2022, Terra Classic users passed governance proposal 1623 .

At the same time as Do Kwon proposed the creation of the new Terra chain, Luna 2.0 – the token that powers the new Terra blockchain – will replace the old Luna token. Luna 2.0 went live on May 28, 2022, in the genesis block of the new Terra chain.

After the launch of Luna 2.0 and the new Terra Chain, Luna 2.0 was airdropped to LUNC token holders. The distribution of airdrops is as follows.

  • Community Pool: 30%
  • LUNA holders before the attack: 35%
  • AUST holders before attack: 10%
  • LUNA holders after attack: 10%
  • UST holders after attack: 15%

Invest in Terra Luna 2.0 (LUNA) on BitMEX