Mettalex DEX — the first decentralized derivatives exchange (DEX), powered by Fetch.ai technology. The main goal - to provide access to risk management tools to a large audience of traders who trade in physical goods. Users can access these instruments through financial market intermediaries who charge high spreads and have limited liquidity. Mettalex allows market participants such as holders of physical goods (traditional and cryptocurrency), traders, speculators and liquidity providers to gain economic accessibility to the spot price of goods and other assets, which allows them to open positions in the market with hedging or leverage.
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About the Mettalex DEX project
This revolutionary network creates the basis for efficient and smart market decisions, thanks to the Autonomous Market Maker (AMM). Each smart contract is associated with a pair of specially designed tokens, called position tokens. A smart contract acts like a decentralized clearing house, so it makes it easier to negotiate between buyers and sellers in the market. In fact, traders can exit or open a position whenever they want, without having to look for a counterparty, interested in the trade.
The main components of the site:
| Exchange level | Traders can enter long and short positions in a range of benchmark assets or related derivatives. |
| Tokenization level | Provides tokens along with stand-alone market makers, linked to benchmark assets. |
| Liquidity provision level | Lenders can provide liquidity to autonomous market participants in exchange for a fraction of the market spreads. |
| Control level | It rewards liquidity providers with governance tokens in proportion to the amount and duration of liquidity they provide to the system. |
Management tokens (MTLX) help to vote on system parameters, such as the selection of autonomous market makers who will be provided with liquidity from the liquidity pool, borrowing rates from the liquidity pool and the use of exchange fees.
The minted tokens are distributed in proportion to the amount of liquidity, provided to the system in each block. Some of the exchange fees and spreads of autonomous market makers help to buy back MTLX and burn it.
Additional information
You can get acquainted with the project on the main page of the site. There is an "About" section and "FAQ". Also, a separate document with information has been published. RoadMap is not available now.
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