Access the world’s first DEX focused on token based commodities trading. Accessible 24/7 with tight trading spreads, low margin requirements and unique hedge instruments that ensure you don’t get liquidated prior to settlement dates.
METTALEX VEGA: NOW LIVE!
We are thrilled to announce that the first public version of the Mettalex DEX - Vega - is now live!
Mettalex is now available on both Ethereum's Kovan testnet and Binance Smart Chain, and features 15 unique DeFi markets!
We are also overjoyed to announce that Mettalex's metal commodities markets will be powered by secure data feeds supplied by the top provider of metal market intelligence - Davis Index.
Furthermore, Javelin Global Commodities, a leading trading firm of bulk commodities, will be among the first clients to use Mettalex's platform.
Log in and let us know what you think!
Access traditional markets with minimal friction on taking positions and reduced requirements for margin. We combine the convenience of tokens with market sizes of the commodities world.
Advanced Autonomous
Market Makers
Advanced mathematics ensures that all Mettalex markets are fully collateralized. Even more efficient mathematical operations will be introduced with the incorporation of Fetch.ai technology.
Unique
DeFi Markets
The Mettalex commodity derivatives exchange features markets unavailable anywhere in the DeFi space, including Steel, Iron Ore, Natural Gas, Aluminium, Zinc, Copper, and spreads like BTC/Gold, ETH/Gold, sCEX/sDEFI, and many more.
Perpetual
Liquidity Mining
87.5% of all MTLX tokens will be distributed to liquidity providers (LPs) that supply stablecoin liquidity to Mettalex’s Autonomous Market Makers. That turns all Mettalex markets into “perpetual yield farms”. In addition, LPs are also rewarded with trading fees.
No liquidations
Stakeholders taking hedge positions assuming price hikes or dips will not lose their collateral on the basis of short term price movements. Position tokens remain valid until the date of settlement and recover in value if price recovers unlike a margin based position.
Instant
Settlements
Positions on Mettalex are monitored by an autonomous agent that ensures the market has sufficient liquidity for absorbing your position in the event that you decide to exit.
Crowd-sourced
Collateral Pool
Mettalex uses position tokens instead of margin positions offered by conventional trading platforms. These position tokens in turn are backed fully by individuals looking to receive a part of the trading fees from the platform. Adding another layer of stability to the exchange.
