Mettalex MTLX Price 0.52186378

What is Mettalex? There is a Mettalex is a project from Fetch.ai. It was founded by the founder of Fetch.ai, who has a deep knowledge of the metals markets.

Mettalex has signed price data licensing agreements with a number of data providers. Mettalex has access to reliable oracle data for a wide range of traditional commodity markets.
The DEX has a list of selectedcryptocurrencies, as well as spreads between traditional andcryptocurrencies.
The testnet and mainnet versions of the DEX were launched in February of 2021.
There are features.
Mettalex is able to list markets that are not available anywhere else in the Defi space thanks to collaborations with major index providers.
The Mettalex market makers act as the opposite side of a trade, if the user is willing to pay the long/ short price and fee determined by the AMM.
All trading on the Mettalex DEX is done within a price band which is based on historical price volatility. The exposure to price volatility is limited.
Unlike traditional futures and options contracts, open long/ short positions on Mettalex have no expiry date. If the price band is broken, the market is over.
When the oracle reported-price is close to one of the price bands, taking the opposite position gets an attractive risk/reward ratio.
Mettalex users know the exact amount of upside and downside they are exposed to thanks to the banded trading approach. Before opening any order, they know how much they can make or lose.
Since the user needs to give only a fraction of the commodity's market price, trading on Mettalex is capital efficient.
All open positions on Mettalex are fully secured with stable coins. There is no over-collateralization.
All open positions on the DEX are represented by token owned by the user. The user can sell those on Mettalex at any time.