Mettalex (MTLX) is a decentralized commodity derivatives exchange that provides access to token-based commodities trading. It offers a 24/7 trading platform with tight spreads, low margin requirements, and unique hedge instruments to minimize liquidation risks. Through the Mettalex DEX, users can access traditional and crypto commodities markets that are not available elsewhere in the DeFi space. This includes commodities such as Steel, Iron Ore, Natural Gas, Aluminium, Zinc, Copper, as well as spreads like BTC/Gold, ETH/Gold, sCEX/sDEFI, and more.
Mettalex stands out with its advanced autonomous market makers that ensure all markets are fully collateralized. The incorporation of Fetch.ai technology further enhances efficiency. The exchange also offers perpetual liquidity mining, where 87.5% of all MTLX tokens are distributed to liquidity providers who supply stablecoin liquidity. One of the key advantages of Mettalex is the elimination of liquidations. Stakeholders taking hedge positions are not at risk of losing their collateral due to short-term price movements. Additionally, positions on Mettalex have instant settlements and are monitored by an autonomous agent for sufficient liquidity.
The target audience for Mettalex includes liquidity providers, traders, and commodity holders. Liquidity providers are rewarded with trading fees and MTLX governance tokens. Traders benefit from access to unique commodity markets and assymetric opportunities, all at a fraction of the spot price. Commodity holders are able to use the Mettalex DEX as a cost and capital-efficient hedging tool, with fully quantified risks associated with each position. Mettalex aims to provide access to traditional markets with minimal friction and reduced margin requirements, combining the convenience of tokens with the scale of the commodities world.