⚡ Phase 2: Launched!

Published in

MetalSwap

3 min readFeb 23, 2022

Hey folks!
Phase 2 of the legendary MetalSwap’s TestNet has officially started!
As you may have noticed, our KovanApp on test.metalswap.finance has a brand-new make-up! We remember from our last deep-dive into MetalSwap’s testnet that:

To participate in our testnet, you will need to have the first, or both, of the following tokens accounted in your address:
- Kovan ETH (can be requested here)
- MetalSwap’s USDTtest airdropped through our form compiling

Let’s take a look at what’s new!

First of all, the Balancer Swap:

Here we can see the swap balance between the two pools, and whether you can open new swaps or have to wait for the pools to be rebalanced.
The balancer mechanism is of fundamental importance for our back-end, sometimes you will see the message “USDT(or ETH) swap not allowed”: the saving mechanism for ongoing positions has kicked in, and our devs can now accurately monitor the automations of their algorithms.

Then, the InfoBox!

Here you will find some useful information regarding ongoing swaps, and some help to better understand the context of the page.

In addition to a new graphic design, we have added something very popular on our social channels: the day picker for expiral dates!
Now instead of a total of 5 choices, you can easily choose a date on the calendar! The further away the expiral date, the more XMTtests you will receive as a reward once the swap is over!

⚡Oh, one more thing…

Did you see that on BSC there is a BNB/XMT pool with more than 100% APR??
And that on ACryptoS you can farm those LPs for a total of…. HOW MUCH?!?! Just search for XMT/BNB to see that facemelting APY!

Something tells us that next deep dive will be into ACryptoS and Acsi finance!

…What a time to be in DeFi!

⚠️Warning⚠️

❗ 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!

✎ 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.