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Mettalex

Mettalex

Mettalex is a decentralized commodities derivatives trading platform powered by Fetch.ai technology.

Mettalex is a decentralised exchange that is focused on the trading of token-based commodities. Accessible 24/7 with tight trading spreads, low margin requirements and unique hedge instruments that ensure investors cannot be liquidated prior to settlement.

It allows access to traditional markets with minimal friction on taking positions and reduced requirements for margin. Mettalex combines the convenience of tokens with market sizes of the commodities world.

No liquidation

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 the breach of floor or cap occurs.

Instant exit and settlements

Positions on Mettalex are monitored by an autonomous agent that ensures the market has sufficient liquidity for selling 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 collateral, adding another layer of stability to the exchange. Mettalex is aiming to solve market failures inherent to today’s commodities market: front running, poor liquidity, price manipulation, and loss of value in the form of margin calls.

Mettalex solves this through the creation of what is referred to as position tokens. Position tokens are primarily used to track the difference in the price of an asset. They do not require the entirety of collateral of an asset to be tied up in a smart contract, thereby allowing contracts of much larger sizes to be traded with lower collateral requirements. This is also different from the conventional leverage requirements in traditional markets as the possibility of liquidation is not dependent on basis of the movement of prices until it hits a pre-set price band.

Timeline

November 3, 2021
Mettalex Partners With Polars to Attract Prediction Market Traders
November 3, 2021
Important Update: Launching the Mettalex DEX on Ethereum

Patents

Further Resources

Title
Author
Link
Type
Date

Adding MTLX and FET to MetaMask in CoinGecko | Mettalex

Web

February 10, 2021

AMA Session: Mettalex Plans for Q4 2021 and Beyond

Web

October 8, 2021

Bosch, Fetch and Mettalex Utility increased.

Web

August 7, 2021

CEO Humayun Sheikh discusses Mettalex | Blockchain AI | Fetch.ai

Web

November 4, 2020

Could Mettalex (MTLX) be the next 100x DeFi Crypto ?

Web

December 20, 2020

...

News

Title
Author
Date
Publisher
Description
Omar Faridi
July 14, 2021
Crowdfund Insider
Mettalex, a decentralized cryptocurrency and commodities derivatives exchange, launches DEX yield farming.

References

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