⚡ TestNet: ONLINE!

Mirko Semprebon

Published in

MetalSwap

3 min readFeb 1, 2022

Dear followers, this day will long be remembered.
It’s a great pleasure for us to introduce…

⚡ MetalSwap ’s platform on Kovan ‘s testnet! ⚡

Check it out and feel how ETH/USDT swap does the job under your own clicks!

“ This webpage offers a beta preview of the future MetalSwap swap functionalities, aimed at collecting user suggestions and testing the economic model of hedging swaps in a decentralized environment.
AS IT RUNS ON THE PUBLIC ETHEREUM TESTNET KOVAN, NO REAL VALUE IS EVER EXCHANGED.”

ETH price is fetched by the Chainlink oracles, which have a decent update rate on this testnet.

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 USDT Test airdropped through our form compiling

⚡ Got the token(s)? Time to play!!!

It will now be possible to test our platform, for example to hedge on ether’s price!
Let’s see how it’s done in just a few clicks!

1- Tune your wallet to Kovan testnet and connect it to the new https://test.metalswap.finance/ page.

2- Act on the bar to set the Cover for your swap in percentage (and changing the threshold on the current price)

3- Change your Target Size to cover the amount you wish and select the Duration you want (changing premium and liquidity fake$XMT reward)

4- Click on Execute Swap, confirm it on Metamask* and your swap is now open until the previously set time or until you close it manually (and losing part of your planned liquidity reward)!

*What you’re paying with this transaction is Cover + Premium!

Every Current Active Swap is now visible in the tab below, and when it will be finished, you’ll see it logged under the History tab.

When you click a Current Active Swap, this other consolle will popup, allowing you to Refinance, or manually Close the swap:

Do you want some more info about the use case of this dashboard?

Keep following this Medium and the other MetalSwap ‘s official channels, some deep-dive are going to be published soon!

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.