Introducing Metric — community-owned dex aggregator

Published in

Build Finance

3 min readSep 30, 2020

Today, we’re excited to launch the first truly community-owned dex aggregator. The team hasn’t taken a single sat of VC funding. There are no admin keys & no pre-sale.

As a dex aggregator, Metric gives you the best possible rate for every swap by routing your order via multiple decentralized exchanges. This results in a much lower slippage and gives you a better result for your swap. For example, when you want to make a large swap of ETH to USDC, a part of your swap may be filled by Uniswap, another by Mooniswap, and another by Sushiswap. All in a single seamless transaction.

Give it a try now on metric.exchange

Lowest slippage for each order

Each order on Metric is automatically split between multiple exchanges for the optimal execution to get the lowest slippage possible.

Metric uses the open-source infrastructure developed by 1split which supports the following exchanges:

Uniswap
Kyber
Curve
mStable
Dforce XSwap
Balancer
Mooniswap
Shell
Bancor
Oasis
And many more

Future roadmap

In the future, we plan to add the following features:

Limit orders
Use GST2 or CHI token for the gas fee refund during swaps
Once widely supported by the ecosystem, integrate L2 (Optimistic Rollups)
Plus many smaller UI improvements such as slippage indicators, breakdown of used pools in a swap, etc.

METRIC token

Governance

Vote on which tokens should be added to the whitelist
Vote on which exchanges should be integrated

Trading fee discount

Anyone holding more than 100 METRIC will not be charged a trading fee

Revenue sharing

100% of the trading fees will be distributed to the METRIC holders

Supply

The token has a permanently fixed supply of 1,000,000 METRIC, never to be increased, enforced by a smart contract.

10% will be vested by the METRIC team for a year to incentivize continuous development.
20% will be deposited into the BUILD Finance DAO treasury which is itself community-owned. Metric exchange is a product made by BUILD Finance.
30% will be kept by the METRIC treasury. METRIC holders can decide and vote on how to allocate this later. Possible uses include incentivized use of the exchange, further farming, partner incentives, etc.
40% will be distributed during the liquidity mining program.

A product by BUILD Finance

Metric is the first product released by BUILD Finance — a venture builder DAO working on various different projects. If you want to learn more, check out http://letsbuild.finance/.