The Fetch.ai and Mettalex teams are thrilled to announce that Binance will support an MTLX token Airdrop to FET holders!
Starting on April 13, users holding FET in their Binance account may become eligible to receive MTLX tokens.
Airdropped MTLX tokens will become available in users’ Binance wallets after June 1, 2021.
Committed to continuous delivery, Mettalex is announcing the launch of its second major public release - Sirius!
Mettalex Sirius features the first four markets that can be traded on using a stablecoin - Binance's BUSD.
You can now use BUSD to short or long Ether, BTC Mini, Silver, and the Bitcoin/Tesla spread on Binance Smart Chain!
We are delighted to announce that Mettalex and Orion Protocol are joining forces to bring decentralized commodity derivatives and exotics to the decentralized liquidity aggregator.
The cooperation will bring both Mettalex's unique markets and the MTLX token to a wider audience of traders!
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 mathematics ensures that all Mettalex markets are fully collateralized. Even more efficient mathematical operations will be introduced with the incorporation of Fetch.ai technology.
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.
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.
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.
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.
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.