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

Mettalex: Cost and Capital-Efficient Trading

Mettalex is a decentralized, blockchain-based derivatives exchange (DEX) focused on traditional and crypto commodities, unique DeFi markets, and traditional and crypto spreads.

Available 24/7/365 anywhere in the world*.

Built by the team.

Who is Mettalex for?

Mettalex aligns the incentives of three types of users:

  • Physical Commodity Holders (traditional and crypto)
  • Traders and Speculators
  • Liquidity Providers
What Problems Does Mettalex Solve?

The main value proposition of the Mettalex DEX address challenges related to:

  • Cost and Capital Efficiency
  • Liquidity
  • Risk Management
  • Market Access
What are Mettalex User-Specific Value Propositions?

No Margin Calls
  • Market Settlement Based on Real-World Data – Only the oracle-reported price can settle a market.
  • Clear Risk/Reward – Accurate information about profit/loss for all trades.
  • Non-Custody of Funds – User-provided liquidity is stored in and secured by smart contracts, inaccessible by the team.
  • Automatic Settlement – Once the price breaches the band, a market is settled automatically.
Cost Efficiency
  • No Third Parties – Go to the platform, connect your Web 3 wallet, start trading/hedging.
  • Tight Spreads – The price of long/short positions is determined automatically based on real-world price data and user sentiment.
  • Easy DeFi On-Ramping – Set up a crypto wallet and credit it with funds in minutes thanks to Torus wallet integration.
Capital Efficiency
  • Banded Trading – Trading is performed within a band based on historical price volatility.
  • Leverage – Leverage is achieved by the token price being a fraction of the asset price.
  • Perpetual Exposure – As long as the oracle-reported price stays within the band, the market is active, and positions remain open.

DeFi-Sourced Capital
  • Perpetual Yield Farming – Over 80% of all MTLX tokens will be distributed to liquidity providers over the course of 8+ years.
  • Peer-to-Peer Liquidity – Mettalex market makers are powered by retail and institutional capital providers.
  • No Order Book – Mettalex features advanced autonomous market making.
  • No Third Parties – Mettalex smart contract-based autonomous market makers act as a side to any trade, ensuring order execution.
Stable Liquidity
  • USD-Pegged Liquidity – Unlike other platforms, Mettalex liquidity is provided in the popular USDT/BUSD stablecoins.
  • No Over-Collateralization – The value of stablecoins is much less volatile than cryptocurrencies, so there is no need to over-collateralize the system.
  • No Liquidations – Liquidity providers cannot be liquidated providing them with peace of mind, long-term.

* US restrictions apply.