Mettalex Incorporates Torus to Enable One-Click Logins

Jan 26, 2021

Torus wallet technology will allow Mettalex DEX users to login via Google, Facebook, and other OAuth logins.

We are thrilled to announce that commodity derivatives traders and liquidity providers will be able to log in to Mettalex using Torus’ non-custodial key management system. Decentralized finance (DeFi) users will be able to access Mettalex’s unique commodity and crypto markets in a secure single step with their Google, Facebook, Twitter, LinkedIn, WeChat, Apple, or other OAuth accounts.

We are confident that the implementation of Torus wallet services will improve the accessibility and exposure to DeFi for a mainstream audience.

Setting up crypto wallets is frequently a challenge for users who are new to the blockchain space. Generating a seed phrase and keeping it safe usually makes newcomers anxious. With Torus, users can follow a familiar account registration path and enjoy simple account recovery“. Humayun Sheik, Founder and CEO

The Torus wallet integration is already available in both — the beta Mettalex DEX on Kovan and the Binance Smart Chain testnet. Mettalex users will be able to perform Torus logins as soon as the controlled beta decentralized exchange goes live in February.

To see the Torus one-click login in action, watch this short demo video:

About Torus

Torus is a user-friendly non-custodial key management system for decentralized applications that leverages existing login credentials such as Google, Facebook and other OAuth logins in combination with the innovative use of distributed key generation to provide a secure non-custodial solution for managing crypto payments, signing digital transactions, and performing other in-app on-chain authorizations. Over 250 applications have integrated with the Torus wallet including Aave, Augur, GoodDollar, Yearn Finance, Mettalex and KyberSwap. For more information, please visit https://tor.us/.

About Mettalex

Mettalex is a decentralized commodities derivatives trading platform powered by Fetch.ai. Founded with the mission to bring the $20 trillion commodities market on-chain, Mettalex provides the technology needed to scale the DeFi ecosystem to meet the needs of today’s global financial markets. For more information, please visit https://www.mettalex.com.