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.
NOW LIVE: NEW MARKETS/YIELD FARMS
The Mettalex DEX now features six new markets to go long or short on - Copper, Steel Scrap, MATIC, BNB, ETH, and BTC/GOLD.
The best part - all of them are BUSD yield farms generating fees and a 0.15 anyMTLX per 1000 BUSD, the highest BUSD APY in the DeFi space.
Supply liquidity or trade! Why not both?
Mettalex DEX markets will soon become yield farms!
In just a few days liquidity providers will be able to add BUSD tokens to Mettalex markets and start earning trading fees and a competitive yearly yield in MTLX tokens.
Traders will be able to long or short traditional and crypto commodity derivatives unavailable anywhere else in DeFi.
Mettalex has it all!
Mettalex's Gleam Campaign - $1000 in anyMTLX / 100 Winners
We just announced another community initiative!
Mettalex's first Gleam campaign will kick off on July 21st and will distribute $1000 in anyMTLX!
All you need to do to win rewards is spread the word about the HIGHEST variable BUSD APY in DeFi!
Mettalex Community Update | July #1
A summary of the work done by the Mettalex team in the last few weeks is now available in the blog.
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.
