Protect against market volatility while contributing to the liquidity of the decentralized commodity market
MetalSwap, a decentralized platform that facilitates hedging swaps in financial markets with the aim of protecting those who work with commodities, announced that it is highly anticipated hedging swap The tool is now live on the Ethereum main chain, read all about it here! The team also announced that a swapping contest with exciting rewards will be held soon, so keep an eye on their social media for that.
MetalSwap V1 hedging swap tool is live on Ethereum MainNet with WBTC and ETH as commoditiesto create financial swaps that allow users to hedge against a commodity’s price volatility in a specific direction.
The MetalSwap team has signaled that this will be the start of a variety of commodities, including metals gold This is the first metal value to be made available on the platform soon, along with a number of planned roadmap additions for the coming future.
MetalSwap is a multi-chain decentralized platform that facilitates hedging swap transactions through the use of AMM-style smart contracts, which also involve the use of NFTs, which represent the liquidity locked by users as they participate in liquidity pools.
After three phases of the incentivized TestNet Hedging Swap tool, with incentives at each phase for users who have interacted with MetalSwap, the project has now launched an industry-unique tool that seeks to capture a share of the commodity market worth thousands of millions of dollars.
The tool offers the opportunity to minimize the cost of operating hedging swaps for trading due to the use of blockchain technology by providing a trusted platform without intermediaries, available 24 hours a day, seven days a week, without that a bank cover is required.
About MetalSwap
MetalSwap is a decentralized platform that enables hedging swaps on the financial markets with the aim of hedging those who work with commodities and an investment opportunity for those who contribute to increasing the project’s shared liquidity.
Commodity swaps come 2 DeFi. Decentralize your financial instruments with the blockchain.
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