Mettalex update: MTLX Live price, price chart, news and markets

Introduction to Mettalex

Mettalex is a decentralized exchange that specializes in trading token-based commodities. The platform offers various benefits such as 24/7 accessibility, tight trading spreads, low margin requirements, and unique hedge instruments. These features ensure that investors cannot be liquidated before settlement, providing a secure trading experience.

With Mettalex, accessing traditional markets is made easy with minimal friction and reduced margin requirements. By combining the convenience of tokens with the scale of the commodities world, the platform aims to revolutionize the trading experience for users.

Protection Against Liquidation

Unlike other platforms, Mettalex ensures that stakeholders taking hedge positions will not lose their collateral due to short-term price movements. Even if the price breaches the floor or cap, the position tokens remain valid, providing added security and peace of mind to users.

Instant Exit and Settlements

Mettalex understands the importance of flexibility for traders. The platform allows for positions to be exited and settled instantly. An autonomous agent constantly monitors the market, ensuring sufficient liquidity for selling positions in case users decide to exit their positions.

Crowd-Sourced Collateral Pool

Mettalex introduces an innovative approach to collateral with its crowd-sourced collateral pool. Rather than traditional margin positions, the platform offers position tokens that are fully backed by collateral. This additional layer of stability enhances the reliability of the exchange and addresses market failures such as front running, poor liquidity, price manipulation, and loss of value through margin calls.

Position tokens track the price difference of an asset and do not require the entire collateral to be tied up in a smart contract. This allows for trading of larger contracts with lower collateral requirements. Unlike traditional leverage requirements, liquidation is not dependent on price movements until it reaches a pre-set price band.

The initial markets available on the Mettalex platform include:

• Steel Supply chain based commodity spreads
• Gold and Silver spreads with BTC and USD
• Lithium and Oil Spreads with BTC and ETH
• Stock Market indices spreads with BTC and ETH
• Data Storage, Compute and Utilization spreads with USD/BTC/ETH