flipside

    Try Quests to earn cryptoTry Quests to earn crypto
    Share

    Bonded vs. Unbonded LUNA

    Bonded LUNA is bLUNA which can be used for collateral in Anchor Protocol for user to borrow against it. User have to burn their LUNA token and will be issued bLUNA. Other than that, user also can provide bLUNA-LUNA pair to liquidity pool to earn interest. Unbonded LUNA is all other LUNA tokens in circulation, staked on Terra Station or somewhere else and also the liquid tokens sitting in wallet.

    So, let's see the quantity comparison of unbonded and bonded LUNA for the past 30 days.

    For the past 30 days, we can see that both amount of bonded and unbonded LUNA slightly decreasing.

    The ratio of bonded LUNA to unbonded LUNA increased from 0.22 to 0.25 and then dropped to 0.22 again for the past few day. This signifies that there are less bLUNA hence less people providing LUNA as collateral on Anchor protocol. This might be because of the introduction of bETH as another asset for collateral. So, it may be because more people replacing their LUNA with their ETH as collateral on Anchor protocol.

    Loading...