A new week brings a fresh listing. Traders can soon access our newly launched XBT and USDT-margined Terra Luna 2.0 perpetual contracts—all with up to 25x leverage.
The LUNAUSD and LUNAUSDT contracts will go live on June 2, 2022, at 04:00 UTC. Below, we break down the key details of these perpetual swaps.
LUNAUSD Dual-Currency Contract Specifications
Like all dual-currency contracts, LUNAUSD features a fixed Bitcoin multiplier, enabling traders to speculate on LUNA/USD price movements without holding LUNA or USD directly.
- Symbol: LUNAUSD
- Margin Currency: XBT
- Bitcoin Multiplier: 0.0001 XBT (10,000 Satoshis)
- Contract Value: LUNAUSD price × Bitcoin multiplier
- Underlying Asset: .BLUNA
- Max Leverage: 25x
- Maker Fee: -0.01%
- Taker Fee: 0.075%
- Initial Margin: 4.00%
- Maintenance Margin: 2.00%
👉 Explore LUNAUSD Trading Strategies
LUNAUSDT Linear Contract Specifications
LUNAUSDT is a linear perpetual swap margined in USDT, offering straightforward exposure to LUNA’s price.
- Symbol: LUNAUSDT
- Margin Currency: USDT
- Contract Size: 0.001 LUNA
- Minimum Trade Size: 1 contract
- Underlying Asset: .BLUNAT
- Max Leverage: 20x
- Maker Fee: -0.01%
- Taker Fee: 0.075%
- Initial Margin: 5.00%
- Maintenance Margin: 2.50%
Both contracts begin trading on June 2, 2022, at 04:00 UTC.
Background: Terra Luna 2.0 Launch
Following Terra Classic’s collapse, CEO Do Kwon proposed a revival plan—launching a new Terra chain without an algorithmic stablecoin. Key milestones:
- Governance Proposal 1623 passed on May 25, 2022.
- Luna 2.0 debuted on May 28, 2022, powering the new Terra blockchain.
Airdrop Distribution:
- 30% Community Pool
- 35% Pre-attack LUNA holders
- 10% Pre-attack AUST holders
- 10% Post-attack LUNA holders
- 15% Post-attack UST holders
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FAQ
Q: What’s the difference between LUNAUSD and LUNAUSDT?
A: LUNAUSD is XBT-margined with a Bitcoin multiplier, while LUNAUSDT is USDT-margined for direct price exposure.
Q: When does trading start?
A: Both contracts launch on June 2, 2022, at 04:00 UTC.
Q: How is Luna 2.0 distributed?
A: Via airdrop to LUNC holders, with allocations weighted by pre-/post-attack holdings.
Q: What’s the max leverage for LUNAUSD?
A: 25x (vs. 20x for LUNAUSDT).
For real-time updates, follow BitMEX on Twitter or Discord. Questions? Contact support.
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