GOLD HEDGING SWAP: VOTED TO BE DEPLOYED
Welcome back Swappers!!
The GOLD Proposal was successfully voted in by the DAO and now MetalSwap dApp has a new Asset!
We are very proud to present you the first commodity asset on MetalSwap’s Hedging Swap platform: WRAPPED PAXOS GOLD!
To better understand all the steps that led to use WRAPPED PAXOS GOLD you can read all the detailed explanation on this Medium Article.
To obtain the WRAPPED PAXOS GOLD we have integrated a function called Synthetizer directly on the dAPP, in order to simplify and reduce the steps to obtain the desired tokens and therefore operate with greater security without having to move from one platform to another with NO COST added on from MetalSwap.
In summary, there are 3 basic steps to take to be able to use this tool to protect your GOLD asset against the market volatility:
- Why use WRAPPED PAXOS GOLD
- How to get WRAPPED PAXOS GOLD
-Having PAXG: Wrapping it through MetalSwap’s official Syntethizer tool, explained in this previous Medium
- Not having PAXG: Swapping any token directly on UniswapV3 for WPAXG, the wrapped version of PAXG corresponding to the following Token Address: 0x787c68f6bCAb352Ec871C522d038bc7A30268020
You can use that UniV3 backend with MetalSwap’s frontend, by selecting “Exchange” section from “Tokens” in the top navbar.
…and last but not least:
Stay tuned, dear Swappers, the Swap Competition #4 “XMT XMAS” edition is just started on MetalSwap ‘s dApp V2 and every Swap made with this new Asset will partecipate to the Swap Competition just like the other Assets!
What a time to be in DeFi!
❗ METALSWAP ‘s admins or moderators will NEVER contact you directly on any social under any kind of circumstances.
❗ Everything concerning $XMT ‘s smart contracts and addresses is shared by our official channels (list below), do not trust any different info from any different source.
To the MetalSwap!
… and beyond!
-The DeFi Foundation
✎ What is MetalSwap?
MetalSwap is a decentralized platform that allows hedging swaps on financial markets with the aim of providing a coverage to those who work with commodities and an investment opportunity for those who contribute to increase the shared liquidity of the project. Allowing the protection for an increasing number of operators.
With MetalSwap we enable hedge swap transactions through the use of Smart Contracts, AMM style.
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