Since the early days of blockchain technology, one of the great use cases — and even the first — demonstrating the benefits of this technology is the world of decentralized finance (DeFi).

The reasons are simple: decentralized swaps with fair odds, low fees, no entry barriers by stringent KYC regulations in some jurisdictions; and most importantly, access to anyone regardless of gender, race, creed or geographic location to these platforms from their location.

Without a doubt, this opened the doors for many developers to start generating hundreds of decentralized applications (DApps) on first-generation blockchain platforms such as Ethereum, EOS or Tron.

However, despite these advances in the DeFi sector, which have managed to captivate the attention of hordes of users from all over the world and motivate companies to “experiment” with this technology, until now there has not been a platform that combines the best of both the CeFi and DeFi worlds.

More interestingly, in the specific case of commodity swaps, the sector is still in its early stages, recalling when Bitcoin and Blockchain were barely heard of in the early years of the technology.

MetalSwap: Simple Swaps

Some of the great disadvantages of the traditional commodities swaps platforms are the high transaction fees, low speeds and especially opaque user interfaces from the point of view of the information displayed, which makes it easy to defraud many newbies to the sector, with the consequence that they abandon these platforms.

In contrast, decentralized swaps are those that are executed through smart contracts in a blockchain network, so no central authority or entity can control or manipulate them.

Metalswap attempts to address these issues from the perspective of making the world of commodities more simple, straightforward and user-friendly. Simply click on a couple of buttons to deposit some coins and start trading the price of crypto-assets and the relationship between them with tokenized commodities.

MetalSwap is a decentralized platform that enables hedging swaps in financial markets with the aim of providing a hedge for commodity traders and an investment opportunity for those who contribute to the shared liquidity of the project.

Its application is very simple and intuitive, seeking to bring together not only the experienced investor who is knowledgeable about blockchain technology, but also the newbie who is unfamiliar with the use of decentralized platforms.

Among the benefits of the platform is the decentralized spirit of rewarding user engagement. For this, the platform partially distributes the income generated by the transaction fees with the native XTM token, proportional to token ownership and share of the staking pool.

The above payout takes place within the platform, rewarding the user for just using the application. In this way, MetalSwap incentivizes users to provide liquidity while encouraging early adoption since the first holders of the native token will have a larger ownership stake.

With MetalSwap, the concept of economic incentive, provided by the distribution of the governance token ($XMT) will create publicly accessible pooled liquidity. Through a series of 'smart contracts', initially written on Ethereum, the contracts will allow swaps to be executed without the need for intermediaries, at low cost and with no time constraints.

State-of-the-art technology to deliver the best performance

Another of the great benefits of Metalswap is its deployment on the Ethereum Blockchain platform, among the top two public platforms for the deployment of smart contracts in the industry.

This guarantees a number of unique benefits: powerful liquidity, exposure to the largest DApps market in the industry, and the best user base in the entire crypto ecosystem.

This allows Metalswap to take advantage of the huge market segment that the Ethereum ecosystem represents, allowing actors to benefit from cross-chain platforms and thus higher profit potential.

But for those concerned about the cost of fees, Metalswap also offers the possibility to connect to the BNB Chain network and Polygon, bringing the best performance and cost-benefit ratio for the millions of users who love decentralized finance.

As a result, MetalSwap users can experience high transaction speeds during the execution of the commodities swaps in which they participate, at the same time as benefiting from low transaction fees compared to those of gambling solutions deployed on the slower Ethereum Blockchain for example.

For its part, with Polygon Network MetalSwap allows liquidity providers for the POLYGON MAINNET XMT<->USDC pair to stake the NFT liquidity token created by the Uniswap V3 pool. By staking his liquidity NFT the user cedes his de ella / hers rights to the Uniswap fees generated by their NFTs but gets an increased reward in XMT.

Key Features of the MetalSwap App

MetalSwap provides a decentralized market accessible to the public in the traditional swaps industry by overcoming  barriers of this multi-billion dollar market limited to rigid hours, high commissions and market monopolies.

With the MetalSwap App, users will not only have access to the attractive commodity market from anywhere in the world, but also the potential to generate excellent returns by using the DeFi options currently available in the application such as staking, governance and the BSC-ETH bridge with the native XMT token.

With the decentralized MetalSwap App, you no longer need to protect yourself from excessive price volatility in the commodity markets, or pay for price adjustments in the case of fluctuations that exceed the initial 10% of the agreement between third parties..

You only require a non-custodial wallet (Metamask type) to connect to the network of your choice and start trading in a few simple steps to be able to take advantage of the opportunities offered by the traditional finance market together with the crypto ecosystem.

All under the power and transparency guaranteed by blockchain technology through its smart contracts.

In summary, MetalSwap App offers the following benefits in its DeFi system in the CeFi (Centralized Finance) context:

1.- Cost reduction: Since there are no intermediaries (as occurs in the traditional market), traders enjoy a significant cost reduction when hedging swaps.

2.- Trustless: The funds are not entrusted to a third party; they remain available in your wallet and you decide how to manage them.

3.- Elimination of monopolies: By decentralizing the commodity swaps system, monopolies in this sector will be drastically reduced by the automation characteristic of decentralized finance based on the blockchain. Instead, under a decentralized autonomous organization (DAO) holders of the XMT token can propose and/or vote on propositions to expand the project. 

4.- No need for bank coverage: Bank coverage is no longer necessary. MetalSwap solves this issue with a shared liquidity pool system, where each participant (Liquidity Provider - LP) is rewarded for their contribution through the provision of project governance tokens (XMT). MetalSwap allows you to open hedge positions only if they can be counter-guaranteed by liquidity pools. That's why in MetalSwap trust is not necessary; it is an entirely mathematically trustless system. 

5.- Market open all year round: Without restriction of hours or penalty or prohibition of access to markets by geographical location, MetalSwap App offers continuous operation in all parts of the world, all year round.

6.- Simplicity of the process: Simply connect to the WebApp from your Metamask wallet and choose the economic result that you want to achieve. That’s all you have to  do to take advantage of the market opportunities offered by the Metalswap App.

7.- Iron Pools on ETH are Sold Out due to the overwhelming response from the MetalSwap community.

About MetalSwap

MetalSwap is the Evolved, Decentralized Swaps solution. Through a set of smart contracts, initially deployed on Ethereum’s mainchain, we are going to make it possible to execute swaps without the need for intermediaries, at reduced costs and without time restrictions. From traditional-based financial features, to a new digital LEGO-Money brick!