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What is MetalSwap?

MetalSwap is a decentralized project that offers Hedging Contracts as a tool for hedging against the volatility of digital asset prices. The goal is to provide all DeFi users with a decentralized tool built on blockchain infrastructure through a series of smart contracts. The Hedging Contract product is currently available on the Ethereum blockchain, Optimism's Layer-2, and Linea Layer-2, and you can find explanatory documentation in this link. At the time of writing, Hedging Swaps are available in the ETH/USDT, WBTC/USDT, and XPAXG/USDT pairs.

How does MetalSwap fit into the regulatory framework for onboarding institutional clients?

The Metalswap team is aware that the issue of institutional adoption of DeFi is important and applies to all business-oriented protocols. Other industry players are already extremely active in solving these issues, such as Consensys with Metamask Institutional, Bitgo, Coinbase, and FalconX. These platforms remove all the complexity of compliance management, reporting, and custody on behalf of clients, and thanks to the hundreds of millions of dollars in funding they have received, they develop solutions that are increasingly easy to adopt for well-structured companies. The presence of a Foundation is useful as a bridge with these realities.

What is the MetalSwap Protocol?

The Protocol refers to the set of smart contracts that make up the MetalSwap Project, which is a set of codes written on the blockchain that allow users to use the Hedging Contracts tool.

Do I need to own XMT to use Hedging Swaps?

It is not necessary to hold the Governance Token to use Hedging Contracts. You need to hold the asset with which you pay the transaction fees of the reference blockchain, in the case of Ethereum, you pay in Ether, in addition to the Digital Assets you use to cover the operation. Depending on the operation to be performed, you will use ETH, WBTC, WPAXG, and USDT, and other assets that will be added to the protocol over time.

What is the purpose of XMT?

XMT is the Governance Token of the Project and represents a voting power in the Metalswap DAO, so the number of tokens owned is a measure of the voting power that can be used in the proposals presented to the DAO. XMT is currently available on 3 chains: Ethereum, Bnb Chain, and Polygon, and currently obtainable through decentralized exchanges. Only the XMTs present on the Ethereum Blockchain have a Voting Power as specified in the dedicated article.

What is the function of DAO?

The function of a DAO is to make the best decisions for the development of a project. In the case of MetalSwap, the governance of the project is entrusted to the MetalSwap DAO, which becomes effective through direct voting on proposals. The MetalSwap DAO consists of XMT token holders and contributors to the project, who discuss and propose improvements through official channels and vote on active proposals in the Governance section of the MetalSwap website.

What is the role of the DeFi Foundation in the MetalSwap Project?

The DeFi Foundation is a non-profit Swiss foundation tasked by the DAO and project founders to act as a steward in the MetalSwap development and management processes. The main tasks of the Foundation are to oversee the technical development of contracts, make the protocol easily usable through the development of DAPP, encourage adoption of the protocol, and stimulate the process of distributed governance, with the ultimate goal of achieving an increasing level of decentralization of decision-making power, as well as the maintenance and evolution operations of the project.

An entity like the Foundation is important for the progress of MetalSwap due to the current difficulty, for all DAOs, of interfacing with providers of critically important services, such as web hosting providers, domain management portals, and much more.

The DeFi Foundation is managed by a group of advisors who actively engage in vital activities for the success of MetalSwap, acting in the interest of the DAO.

How can I follow the developments of the project?

The main platform to obtain official information about the project is the MetalSwap Blog. These are the official links of the Project:

I obtained XMT in a decentralized exchange by exchanging it with other tokens. How were those funds used?

A token obtained on a decentralized exchange is always exchanged through another token using the Liquidity Pool mechanism. So the tokens used to obtain XMT remain within the Liquidity Pool for users who want to further exchange tokens. All related movements can be viewed on Blockchain Explorer platforms. This is an example for all transactions executed on the decentralized exchange on the Ethereum blockchain in the liquidity pool involving XMT. This decentralized exchange is Uniswap and in this article, you can find the detailed operation of this Protocol. As visible from the exchange logs mentioned above, these tokens have not been used for any other purposes. This document provides details of the operations on decentralized exchanges with XMT.

When will MetalSwap implement metal assets?

MetalSwap is constantly researching and developing new solutions. As the industry evolves, our goal is to keep up with the latest developments, experiment with new ideas, discuss them with the community, and implement the most reliable solutions.

When will metal assets be implemented in MetalSwap?

MetalSwap is in a continuous process of research and development. The industry is evolving day by day and the aim is to follow this evolution and then experiment, discuss and if necessary implement the most reliable solutions.