Metal X Swap is a robust automated market maker (AMM) that empowers users with the capability to instantly trade XPR Network-based tokens among themselves.
An automated market maker (AMM) is a revolutionary concept that has reshaped the landscape of decentralized finance (DeFi) and cryptocurrency trading. It plays a pivotal role in enabling users to trade digital assets seamlessly, without the need for traditional intermediaries like centralized exchanges.
At its core, an AMM is a decentralized protocol that facilitates the exchange of tokens based on predefined mathematical algorithms rather than relying on traditional order book models.
Cross-Chain compatibility
What sets Metal X Swap apart from other AMM’s or Swaps, is its ability to facilitate seamless transactions between various blockchains, leveraging the remarkable speed and adaptability of the XPR Network.
For instance, within the Metal X Swap ecosystem, a user can effortlessly trade XBTC for XUSDT or swiftly transform ETH into XETH before proceeding to trade it for XPR.
How to Swap on Metal X
Before we start:
You will need to create an account and complete verification
You need to have funded your XPR Network account.
Now that that is out of the way, we can proceed to swap:
Visit the Metal X Swap page.
Click on ‘Connect Wallet’ in the top right corner of the screen. Select 'Mobile Wallet' to bring up the QR Code that will connect your WebAuth wallet to the site.
In the WebAuth.com wallet, tap on the dashed square button on the bottom toolbar to bring up the QR Scanner.
Use the scanner to scan the QR code on the web page and tap ‘Authorize’ in the WebAuth.com wallet.
Great! You’re now logged into DEX site using the XPR Network Signing Request! The funds in your wallet are now available to use in Swap!
Next, we will complete a transaction inside Swap:
Select the cryptocurrency you would like to swap in the top window and select the cryptocurrency you want to receive in the bottom window.
Enter the quantity and the exchange value received will be calculated automatically. Once you're ready to initiate the trade, click 'Swap".
On the web page, a timer for 2 minutes will appear. Grab your mobile device and open the WebAuth.com wallet, tap ‘Authorize’, and authenticate before the 2 minutes expire.
Success! Your swap settles instantly and best of all, you paid 0 gas fees!
That's it! Your swapped coins will be waiting for you in your wallet.
Powered by Liquidity Pools
In the ever-evolving landscape of decentralized finance (DeFi), Metal X shines as a platform that embraces innovation and empowers users to become active participants in the world of digital finance.
At the heart of Metal X's Swap lies a fascinating concept – liquidity pools. These pools represent a critical component of DeFi, offering both seasoned and novice crypto enthusiasts a chance to shape the future of decentralized trading.
What Are Liquidity Pools?
Liquidity pools are a fundamental concept in the world of decentralized exchanges (DEXs) and DeFi platforms. They serve as the backbone of decentralized trading by allowing users to provide liquidity to the market in exchange for potential rewards.
These pools consist of pairs of tokens, such as XPR/XUSDC or XPR/XETH, and are used to facilitate automated trading on the Swap portion on Metal X, without the need for traditional intermediaries like centralized exchanges.
It's important to note that the level of liquidity in the pair of tokens within a liquidity pool directly influences the slippage rate. A higher liquidity pool reduces the potential impact on the token's price during swaps.
To bolster liquidity within the platform, Metal X Swap offers enticing liquidity incentives.
Incentives for Liquidity Providers Liquidity on Metal X
Liquidity providers stand to gain from a portion of the trading fees generated by the platform. With each trade incurring a 0.3% fee, 0.2% of that fee is allocated to liquidity providers, this mechanism aims to incentivize liquidity provision and contribute to the platform's sustainability.
The remaining 0.1% of fees is subject to being burned, effectively reducing the overall XPR token supply.
Liquidity providers on Metal X enjoy the advantage of tracking their potential returns through the Estimated Annual Percentage Rate (APR). This APR is calculated based on the trading volume from the past 24 hours, conveniently accessible on the Pools page.
By keeping a close eye on this metric, liquidity providers can make informed decisions, optimize their strategies, and stay attuned to the dynamic nature of their earnings potential in real-time. It adds a valuable layer of transparency and empowerment to their participation in Metal X's liquidity pools.
How to become a Liquidity Provider
Users who wish to participate in liquidity pools become liquidity providers by depositing an equal value of both tokens into the pool. As an example, consider the XPR/XUSDC liquidity pool. If you wish to provide liquidity amounting to $1,000, you should deposit $500 worth of XPR and $500 worth of XUSDC.
This guide will show you how to add tokens to a Liquidity Pool.
Earn an additional APR through Yield Farming
Yield farming offers an additional APR in addition to the Liquidity Pools APR. Here, you take on the role of a liquidity provider, staking your Liquidity Pool tokens within a smart contract connected to a liquidity pool, and in return, you earn interest through this seamless process.
The farms page is your go-to source for discovering all the available yield farming opportunities. Not all pools have a farming option.
When you click on a particular farm, you'll gain access to a detailed breakdown of the liquidity you've provided. Furthermore, you have the flexibility to harvest rewards at your convenience, with the ability to do so every 0.5 seconds.
It's worth noting that you can withdraw your assets from the farms and liquidity pools at any time, without being subjected to any lockup period.
This guide will show you how to stake Liquidity Pool Tokens.
Metal X Swap Trading Discounts
Metal X Swap offers staking-related discounts based on the amount of XPR staked within the XPR Network.
Impermanent Loss
Impermanent loss is a concept that often comes up when discussing liquidity provision in decentralized finance (DeFi) and automated market makers (AMMs) like Metal X Swap. It's a phenomenon that liquidity providers should be aware of.
Impermanent loss occurs when the value of the assets you've provided to a liquidity pool diverges from what they would have been worth had you simply held them in your wallet. This divergence is typically triggered by significant price fluctuations of the tokens within the pool. Here's how it works:
Initial Deposit: Let's say you provide liquidity to a pool by depositing an equal value of Token A and Token B. For simplicity, we'll assume you deposit $100 worth of each.
Price Change: Subsequently, the price of Token A experiences a significant increase, while Token B remains relatively stable. As a result, the balance of the pool becomes skewed, with more of Token A and less of Token B in the pool.
Impermanent Loss: If you were to withdraw your liquidity at this point, you would receive a smaller amount of Token B compared to what you initially deposited. This is known as impermanent loss because the loss is only temporary. If prices were to revert to their original levels, the loss would disappear.
Earning Fees: It's important to note that while you may incur impermanent loss, you also earn fees from the trading activity in the pool. These fees can help offset and potentially exceed the impermanent loss over time.
Factors affecting the severity of impermanent loss include the extent and speed of price changes, as well as the liquidity depth of the pool. Deeper and more liquid pools are generally less susceptible to impermanent loss.
Liquidity providers should carefully consider their risk tolerance and the expected price dynamics of the tokens they're providing before participating in liquidity pools.
Impermanent loss is a trade-off for earning trading fees and participating in the growth of DeFi ecosystems. Therefore, it's essential for users to weigh the potential rewards against the risks when deciding whether to become liquidity providers.
Metal X OTC
In the next Learn episode, we unveil the Over-the-Counter (OTC) feature on Metal X. In this exploration, discover how OTC trading transforms the landscape for large transactions, providing unparalleled flexibility, reduced market impact, and a user-centric design.
Metal X Swap is a robust automated market maker (AMM) that empowers users with the capability to instantly trade XPR Network-based tokens among themselves.
An automated market maker (AMM) is a revolutionary concept that has reshaped the landscape of decentralized finance (DeFi) and cryptocurrency trading. It plays a pivotal role in enabling users to trade digital assets seamlessly, without the need for traditional intermediaries like centralized exchanges.
At its core, an AMM is a decentralized protocol that facilitates the exchange of tokens based on predefined mathematical algorithms rather than relying on traditional order book models.
Cross-Chain compatibility
What sets Metal X Swap apart from other AMM’s or Swaps, is its ability to facilitate seamless transactions between various blockchains, leveraging the remarkable speed and adaptability of the XPR Network.
For instance, within the Metal X Swap ecosystem, a user can effortlessly trade XBTC for XUSDT or swiftly transform ETH into XETH before proceeding to trade it for XPR.
How to Swap on Metal X
Before we start:
You will need to create an account and complete verification
You need to have funded your XPR Network account.
Now that that is out of the way, we can proceed to swap:
Visit the Metal X Swap page.
Click on ‘Connect Wallet’ in the top right corner of the screen. Select 'Mobile Wallet' to bring up the QR Code that will connect your WebAuth wallet to the site.
In the WebAuth.com wallet, tap on the dashed square button on the bottom toolbar to bring up the QR Scanner.
Use the scanner to scan the QR code on the web page and tap ‘Authorize’ in the WebAuth.com wallet.
Great! You’re now logged into DEX site using the XPR Network Signing Request! The funds in your wallet are now available to use in Swap!
Next, we will complete a transaction inside Swap:
Select the cryptocurrency you would like to swap in the top window and select the cryptocurrency you want to receive in the bottom window.
Enter the quantity and the exchange value received will be calculated automatically. Once you're ready to initiate the trade, click 'Swap".
On the web page, a timer for 2 minutes will appear. Grab your mobile device and open the WebAuth.com wallet, tap ‘Authorize’, and authenticate before the 2 minutes expire.
Success! Your swap settles instantly and best of all, you paid 0 gas fees!
That's it! Your swapped coins will be waiting for you in your wallet.
Powered by Liquidity Pools
In the ever-evolving landscape of decentralized finance (DeFi), Metal X shines as a platform that embraces innovation and empowers users to become active participants in the world of digital finance.
At the heart of Metal X's Swap lies a fascinating concept – liquidity pools. These pools represent a critical component of DeFi, offering both seasoned and novice crypto enthusiasts a chance to shape the future of decentralized trading.
What Are Liquidity Pools?
Liquidity pools are a fundamental concept in the world of decentralized exchanges (DEXs) and DeFi platforms. They serve as the backbone of decentralized trading by allowing users to provide liquidity to the market in exchange for potential rewards.
These pools consist of pairs of tokens, such as XPR/XUSDC or XPR/XETH, and are used to facilitate automated trading on the Swap portion on Metal X, without the need for traditional intermediaries like centralized exchanges.
It's important to note that the level of liquidity in the pair of tokens within a liquidity pool directly influences the slippage rate. A higher liquidity pool reduces the potential impact on the token's price during swaps.
To bolster liquidity within the platform, Metal X Swap offers enticing liquidity incentives.
Incentives for Liquidity Providers Liquidity on Metal X
Liquidity providers stand to gain from a portion of the trading fees generated by the platform. With each trade incurring a 0.3% fee, 0.2% of that fee is allocated to liquidity providers, this mechanism aims to incentivize liquidity provision and contribute to the platform's sustainability.
The remaining 0.1% of fees is subject to being burned, effectively reducing the overall XPR token supply.
Liquidity providers on Metal X enjoy the advantage of tracking their potential returns through the Estimated Annual Percentage Rate (APR). This APR is calculated based on the trading volume from the past 24 hours, conveniently accessible on the Pools page.
By keeping a close eye on this metric, liquidity providers can make informed decisions, optimize their strategies, and stay attuned to the dynamic nature of their earnings potential in real-time. It adds a valuable layer of transparency and empowerment to their participation in Metal X's liquidity pools.
How to become a Liquidity Provider
Users who wish to participate in liquidity pools become liquidity providers by depositing an equal value of both tokens into the pool. As an example, consider the XPR/XUSDC liquidity pool. If you wish to provide liquidity amounting to $1,000, you should deposit $500 worth of XPR and $500 worth of XUSDC.
This guide will show you how to add tokens to a Liquidity Pool.
Earn an additional APR through Yield Farming
Yield farming offers an additional APR in addition to the Liquidity Pools APR. Here, you take on the role of a liquidity provider, staking your Liquidity Pool tokens within a smart contract connected to a liquidity pool, and in return, you earn interest through this seamless process.
The farms page is your go-to source for discovering all the available yield farming opportunities. Not all pools have a farming option.
When you click on a particular farm, you'll gain access to a detailed breakdown of the liquidity you've provided. Furthermore, you have the flexibility to harvest rewards at your convenience, with the ability to do so every 0.5 seconds.
It's worth noting that you can withdraw your assets from the farms and liquidity pools at any time, without being subjected to any lockup period.
This guide will show you how to stake Liquidity Pool Tokens.
Metal X Swap Trading Discounts
Metal X Swap offers staking-related discounts based on the amount of XPR staked within the XPR Network.
Impermanent Loss
Impermanent loss is a concept that often comes up when discussing liquidity provision in decentralized finance (DeFi) and automated market makers (AMMs) like Metal X Swap. It's a phenomenon that liquidity providers should be aware of.
Impermanent loss occurs when the value of the assets you've provided to a liquidity pool diverges from what they would have been worth had you simply held them in your wallet. This divergence is typically triggered by significant price fluctuations of the tokens within the pool. Here's how it works:
Initial Deposit: Let's say you provide liquidity to a pool by depositing an equal value of Token A and Token B. For simplicity, we'll assume you deposit $100 worth of each.
Price Change: Subsequently, the price of Token A experiences a significant increase, while Token B remains relatively stable. As a result, the balance of the pool becomes skewed, with more of Token A and less of Token B in the pool.
Impermanent Loss: If you were to withdraw your liquidity at this point, you would receive a smaller amount of Token B compared to what you initially deposited. This is known as impermanent loss because the loss is only temporary. If prices were to revert to their original levels, the loss would disappear.
Earning Fees: It's important to note that while you may incur impermanent loss, you also earn fees from the trading activity in the pool. These fees can help offset and potentially exceed the impermanent loss over time.
Factors affecting the severity of impermanent loss include the extent and speed of price changes, as well as the liquidity depth of the pool. Deeper and more liquid pools are generally less susceptible to impermanent loss.
Liquidity providers should carefully consider their risk tolerance and the expected price dynamics of the tokens they're providing before participating in liquidity pools.
Impermanent loss is a trade-off for earning trading fees and participating in the growth of DeFi ecosystems. Therefore, it's essential for users to weigh the potential rewards against the risks when deciding whether to become liquidity providers.
Metal X OTC
In the next Learn episode, we unveil the Over-the-Counter (OTC) feature on Metal X. In this exploration, discover how OTC trading transforms the landscape for large transactions, providing unparalleled flexibility, reduced market impact, and a user-centric design.
Metal X Swap is a robust automated market maker (AMM) that empowers users with the capability to instantly trade XPR Network-based tokens among themselves.
An automated market maker (AMM) is a revolutionary concept that has reshaped the landscape of decentralized finance (DeFi) and cryptocurrency trading. It plays a pivotal role in enabling users to trade digital assets seamlessly, without the need for traditional intermediaries like centralized exchanges.
At its core, an AMM is a decentralized protocol that facilitates the exchange of tokens based on predefined mathematical algorithms rather than relying on traditional order book models.
Cross-Chain compatibility
What sets Metal X Swap apart from other AMM’s or Swaps, is its ability to facilitate seamless transactions between various blockchains, leveraging the remarkable speed and adaptability of the XPR Network.
For instance, within the Metal X Swap ecosystem, a user can effortlessly trade XBTC for XUSDT or swiftly transform ETH into XETH before proceeding to trade it for XPR.
How to Swap on Metal X
Before we start:
You will need to create an account and complete verification
You need to have funded your XPR Network account.
Now that that is out of the way, we can proceed to swap:
Visit the Metal X Swap page.
Click on ‘Connect Wallet’ in the top right corner of the screen. Select 'Mobile Wallet' to bring up the QR Code that will connect your WebAuth wallet to the site.
In the WebAuth.com wallet, tap on the dashed square button on the bottom toolbar to bring up the QR Scanner.
Use the scanner to scan the QR code on the web page and tap ‘Authorize’ in the WebAuth.com wallet.
Great! You’re now logged into DEX site using the XPR Network Signing Request! The funds in your wallet are now available to use in Swap!
Next, we will complete a transaction inside Swap:
Select the cryptocurrency you would like to swap in the top window and select the cryptocurrency you want to receive in the bottom window.
Enter the quantity and the exchange value received will be calculated automatically. Once you're ready to initiate the trade, click 'Swap".
On the web page, a timer for 2 minutes will appear. Grab your mobile device and open the WebAuth.com wallet, tap ‘Authorize’, and authenticate before the 2 minutes expire.
Success! Your swap settles instantly and best of all, you paid 0 gas fees!
That's it! Your swapped coins will be waiting for you in your wallet.
Powered by Liquidity Pools
In the ever-evolving landscape of decentralized finance (DeFi), Metal X shines as a platform that embraces innovation and empowers users to become active participants in the world of digital finance.
At the heart of Metal X's Swap lies a fascinating concept – liquidity pools. These pools represent a critical component of DeFi, offering both seasoned and novice crypto enthusiasts a chance to shape the future of decentralized trading.
What Are Liquidity Pools?
Liquidity pools are a fundamental concept in the world of decentralized exchanges (DEXs) and DeFi platforms. They serve as the backbone of decentralized trading by allowing users to provide liquidity to the market in exchange for potential rewards.
These pools consist of pairs of tokens, such as XPR/XUSDC or XPR/XETH, and are used to facilitate automated trading on the Swap portion on Metal X, without the need for traditional intermediaries like centralized exchanges.
It's important to note that the level of liquidity in the pair of tokens within a liquidity pool directly influences the slippage rate. A higher liquidity pool reduces the potential impact on the token's price during swaps.
To bolster liquidity within the platform, Metal X Swap offers enticing liquidity incentives.
Incentives for Liquidity Providers Liquidity on Metal X
Liquidity providers stand to gain from a portion of the trading fees generated by the platform. With each trade incurring a 0.3% fee, 0.2% of that fee is allocated to liquidity providers, this mechanism aims to incentivize liquidity provision and contribute to the platform's sustainability.
The remaining 0.1% of fees is subject to being burned, effectively reducing the overall XPR token supply.
Liquidity providers on Metal X enjoy the advantage of tracking their potential returns through the Estimated Annual Percentage Rate (APR). This APR is calculated based on the trading volume from the past 24 hours, conveniently accessible on the Pools page.
By keeping a close eye on this metric, liquidity providers can make informed decisions, optimize their strategies, and stay attuned to the dynamic nature of their earnings potential in real-time. It adds a valuable layer of transparency and empowerment to their participation in Metal X's liquidity pools.
How to become a Liquidity Provider
Users who wish to participate in liquidity pools become liquidity providers by depositing an equal value of both tokens into the pool. As an example, consider the XPR/XUSDC liquidity pool. If you wish to provide liquidity amounting to $1,000, you should deposit $500 worth of XPR and $500 worth of XUSDC.
This guide will show you how to add tokens to a Liquidity Pool.
Earn an additional APR through Yield Farming
Yield farming offers an additional APR in addition to the Liquidity Pools APR. Here, you take on the role of a liquidity provider, staking your Liquidity Pool tokens within a smart contract connected to a liquidity pool, and in return, you earn interest through this seamless process.
The farms page is your go-to source for discovering all the available yield farming opportunities. Not all pools have a farming option.
When you click on a particular farm, you'll gain access to a detailed breakdown of the liquidity you've provided. Furthermore, you have the flexibility to harvest rewards at your convenience, with the ability to do so every 0.5 seconds.
It's worth noting that you can withdraw your assets from the farms and liquidity pools at any time, without being subjected to any lockup period.
This guide will show you how to stake Liquidity Pool Tokens.
Metal X Swap Trading Discounts
Metal X Swap offers staking-related discounts based on the amount of XPR staked within the XPR Network.
Impermanent Loss
Impermanent loss is a concept that often comes up when discussing liquidity provision in decentralized finance (DeFi) and automated market makers (AMMs) like Metal X Swap. It's a phenomenon that liquidity providers should be aware of.
Impermanent loss occurs when the value of the assets you've provided to a liquidity pool diverges from what they would have been worth had you simply held them in your wallet. This divergence is typically triggered by significant price fluctuations of the tokens within the pool. Here's how it works:
Initial Deposit: Let's say you provide liquidity to a pool by depositing an equal value of Token A and Token B. For simplicity, we'll assume you deposit $100 worth of each.
Price Change: Subsequently, the price of Token A experiences a significant increase, while Token B remains relatively stable. As a result, the balance of the pool becomes skewed, with more of Token A and less of Token B in the pool.
Impermanent Loss: If you were to withdraw your liquidity at this point, you would receive a smaller amount of Token B compared to what you initially deposited. This is known as impermanent loss because the loss is only temporary. If prices were to revert to their original levels, the loss would disappear.
Earning Fees: It's important to note that while you may incur impermanent loss, you also earn fees from the trading activity in the pool. These fees can help offset and potentially exceed the impermanent loss over time.
Factors affecting the severity of impermanent loss include the extent and speed of price changes, as well as the liquidity depth of the pool. Deeper and more liquid pools are generally less susceptible to impermanent loss.
Liquidity providers should carefully consider their risk tolerance and the expected price dynamics of the tokens they're providing before participating in liquidity pools.
Impermanent loss is a trade-off for earning trading fees and participating in the growth of DeFi ecosystems. Therefore, it's essential for users to weigh the potential rewards against the risks when deciding whether to become liquidity providers.
Metal X OTC
In the next Learn episode, we unveil the Over-the-Counter (OTC) feature on Metal X. In this exploration, discover how OTC trading transforms the landscape for large transactions, providing unparalleled flexibility, reduced market impact, and a user-centric design.
Developers
Trade Crypto
Metal X is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).
All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses. © 2024 Metallicus, Inc.
License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency. All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.'s licenses and/or the applicable law depending on the jurisdiction.
Developers
Trade Crypto
Metal X is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).
All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses. © 2024 Metallicus, Inc.
License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency. All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.'s licenses and/or the applicable law depending on the jurisdiction.
Developers
Trade Crypto
Metal X is a service of Metallicus, Inc., a licensed provider of money transfer services (NMLS ID: 2057807).
All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.’s licenses. © 2024 Metallicus, Inc.
License issued to Metallicus by the Louisiana Office of Financial Institutions does not cover the exchange or transmission of virtual currency. All money transmission is provided by Metallicus, Inc. pursuant to Metallicus, Inc.'s licenses and/or the applicable law depending on the jurisdiction.