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.
Community Update | October/November 2021
Read the latest, comprehensive update coming from Mettalex's marketing and development teams.
Not Launching Uniswap LP Tokens Yield Farming on the Ethereum DEX: Here is Why
After the performance of a feasibility analysis, we have concluded that the Ethereum mainnet is unsuitable for the current design of the Mettalex DEX.
Therefore, we have decided to launch LP token yield farming only on the Binance Smart Chain DEX.
Get the details in the blog.
Mettalex Partners With Polars to Attract Prediction Market Traders
Binary outcomes could present low risk, high reward opportunities for traders in the DeFi space.
Mettalex and Polars use real-world data about commodities prices and event outcomes to enable such markets.
A marketing partnership is only logical.
Mettalex Launches First USDO Market – Tesla Inc.
USDO stablecoin holders can now use the USDO stablecoin to trade or yield farm on the Mettalex DEX!
Get a 40% APY on your USDO holdings and/or long or short Tesla Inc stock.
$200,000 of liquidity is already available to ensure low slippage trades.
MettaInsights: Wheat
The price of wheat, one of the commodities included in the US consumer price index, is almost at a 10-year-high level.
What are the main drivers behind the increase and can the crop become even more expensive?
Liquidity Providers
Users who provide liquidity to Mettalex’s DEX autonomous market makers get rewards in both trading fees and MTLX governance tokens. Provide liquidity in BUSD, USDO, MTLXBUSD PancakeSwap LP tokens. More options - coming soon!
Traders
Through the Mettalex DEX, crypto traders get access to traditional and crypto commodities markets unavailable anywhere else in the DeFi space. Enjoy a plethora of assymetric opportunities and trade derivatives for a fraction of the spot price.
Commodity Holders
Participants in the commodities supply chain could use the Mettalex DEX to acquire cost and capital-efficient access to an efficient hedging tool. The risk associated with each long or short position is fully quantified.
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 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.
