Resolving AnyMTLX Challenges: Mettalex’s Commitment to a Seamless Bridge Solution
In the constantly changing decentralized finance (DeFi) environment, Mettalex team remains committed and dedicated to receiving feedback and resolving community queries and issues. A step towards a topic of discussion within our community is the AnyMTLX token and its interoperability challenges, particularly regarding bridging tokens back from the Binance Smart Chain (BSC) to Ethereum (ETH). We’re here to shed light on the issue and outline our solution.
Understanding the Issue
AnyMTLX tokens BSC bridged version of $MTLX, designed to provide flexibility and widen access to Mettalex tokenomics, have encountered obstacles in seamless asset transfer across blockchains due to various external factors and the closure of the Anyswap exchange. This situation has led to uncertainty and concerns among our community members about the liquidity and usability of AnyMTLX tokens.
Solution
We understand the community is waiting for an extended period for the solution from the Mettalex Team and acknowledge the critical nature of this issue. After numerous iterations and hours of discussion within the team and leadership to find a practical solution to benefit the community, we are officially announcing our plans to develop and deploy a dedicated bridge for AnyMTLX tokens. This bridge will facilitate the smooth transfer of AnyMTLX from BSC to ETH (one-way), addressing the core issues of interoperability and liquidity head-on.
How the Bridge Works
The proposed bridge will act as a secure and efficient pathway for AnyMTLX token holders, enabling them to move their assets from BSC and ETH (One way) with ease. We Aim to provide user-friendly solution which address the community concerns of AnyMTLX.
Next Steps
Our development team is already in the planning and design phase of the bridge project, with an emphasis on security, efficiency, and user experience. While we work diligently to bring this solution to life, we encourage our community members to stay engaged, provide feedback, and participate in testing phases to ensure the bridge meets everyone’s needs.
The bridge (One way) is aimed to be available to the community by Q3 2024.
At Mettalex, we understand the importance of staying adaptable and responsive to challenges within the DeFi space. Stay tuned for further updates as we progress.
About Mettalex
Mettalex is the world’s first Peer to Peer Order book and Agent based decentralized exchange (DEX) leveraging the power of Fetch.ai’s autonomous agent technology. Our platform not only provides superior market access but also ensures zero slippage during trades, thanks to our innovative order matching system through Agents.
