Access the world’s first DEX focused on token based commodities trading. Accessible 24/7 with tight trading spreads, low margin requirements and unique hedge instruments that ensure you don’t get liquidated prior to settlement dates.

The Mettalex DEX is moving to's Cosmos zone. All yield-generating programs were discontinued by June 30, 2022. The BNB Smart Chain mainnet version of the Mettalex DEX shut down on August 30, 2022. Please close all your open positions on the DEX and withdraw your liquidity.

Who Is Mettalex For?
Liquidity Providers

Liquidity Providers

Users who provide liquidity to Mettalex’s DEX autonomous market makers will get rewards in both trading fees and MTLX governance tokens.



Through the Mettalex DEX, crypto traders will get access to traditional and crypto commodities markets unavailable anywhere else in the DeFi space. A plethora of assymetric opportunities will be at your disposal for a fraction of the spot price.

Commodity Holders

Commodity Holders

Participants in the commodities supply chain will be able to use the Mettalex DEX to acquire cost and capital-efficient hedging tool. The risk associated with each long or short position is fully quantified.

Access to traditional markets with minimal friction on taking positions and reduced requirements for margin. We combine the convenience of tokens with market sizes of the commodities world.

What Makes Mettalex Different
Advanced Autonomous <br/>Market Makers

Advanced Autonomous
Market Makers

Advanced mathematics ensures that all Mettalex markets are fully collateralized. Even more efficient mathematical operations will be introduced with the incorporation of technology.

Unique <br/>DeFi Markets

DeFi Markets

The Mettalex commodity derivatives exchange features markets unavailable anywhere in the DeFi space, including Steel, Iron Ore, Natural Gas, Aluminium, Zinc, Copper, and spreads like BTC/Gold, ETH/Gold, sCEX/sDEFI, and many more.

Perpetual <br/>Liquidity Mining

Liquidity Mining

87.5% of all MTLX tokens will be distributed to liquidity providers (LPs) that supply stablecoin liquidity to Mettalex’s Autonomous Market Makers. That turns Mettalex markets into “perpetual yield farms”. In addition, LPs will also be rewarded with trading fees.

No liquidations

No liquidations

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 until the date of settlement and recover in value if price recovers unlike a margin based position.

Instant <br/>Settlements


Positions on Mettalex are monitored by an autonomous agent that ensures the market has sufficient liquidity for absorbing your position in the event that you decide to exit.

Crowd-sourced <br/>Collateral Pool

Collateral Pool

Mettalex uses position tokens instead of margin positions offered by conventional trading platforms. These position tokens in turn are backed fully by individuals looking to receive a part of the trading fees from the platform. Adding another layer of stability to the exchange.

Price Benchmark Providers and Ecosystem

Humayun Sheikh

Founder and CEO

Humayun is an entrepreneur, investor, and visionary focused on AI, machine learning, blockchain, and token-based economies. He was a founding Investor in DeepMind, and co-founded, Atomix, Mobix, uVue, and itzMe. In addition to his strong technological background, Humayun also has extensive experience in financial markets, including commodities trading and derivatives.

Matt McDonnell


Matt has an undergraduate degree in Materials Engineering and Chemical Physics at the University of Western Australia, followed by a Doctorate in Physics at the University of Oxford. Matt was a quantitative developer and quantitative analyst at Fidelity International and has previously assumed a data scientist role at fashion tech startup Metail, before joining and Mettalex. He is passionate about financial risk modeling, smart contracts, DeFi.

Chirag Maliwal

Lead Developer

A passionate software developer from India. Chirag is a fan of technology and the way it is constantly evolving. Loves to do the impossible and enjoys difficult tasks. Getting the code right is his mission. A firm believer in solve-it-before-you-sleep. A people’s person, a friend of all. He is a workaholic and energy center of the team who curates the most insane ideas and pushes everybody to unleash their potential.

Maria Minaricova

Business Development

Maria is leading the business development programs of both and Mettalex. Her specialties are strategic alliances, collaborations with industry leaders and governmental institutions, as well as with academia. With her decades-long experience, Maria proficiently manages strategic programs delivery at and its spin-off projects.

Albena Kostova

Marketing Executive

Albena got into crypto through researching the intersection between music and blockchain back in 2016 and has been following the space ever since. Later on, she embraced Blockchain Marketing professionally and worked as a Community and Social Media Manager for a Layer-1 blockchain solution. She joined the Mettalex team as a Marketing Executive in May 2021.