MetalSwap

<blockquote>— Originally written on <a href="https://metalswap.me/mra" rel="noopener noreferrer nofollow">MetalSwap’s Official Blog</a> </blockquote><p>New month and new MetalSwap Recap.<br />Just to remind you, the purpose of these series of articles is to give a brief overview of all the past and ongoing developments of MetalSwap. In addition, we will provide some insights into what we can expect from the protocol in the future. In today&#39;s article, we will be summarizing the progress made during the month of April.</p><p>If you missed the previous recap, you can find it <a href="https://blog.metalswap.finance/metalswap-recap-march" rel="noopener noreferrer nofollow">here</a>.</p><p>Today we will follow the same road through:</p><ul><li>Project Updates</li><li>Development Preview</li><li>Community Activities</li></ul><h2 id="header-0">PROJECT UPDATES</h2><p>In the last 4 weeks, there have been three very important updates for the protocol. The first one is the release of the <a href="https://gov.metalswap.finance/" rel="noopener noreferrer nofollow">Governance forum</a>, which is the place where all the Swappers can meet and discuss the future of MetalSwap. The second update concerns the arrival of the XMT token within the <a href="https://metalswap.me/cbri" rel="noopener noreferrer nofollow">Celer Bridge</a> and the last, and more important, is the <a href="https://metalswap.me/mxopg" rel="noopener noreferrer nofollow">news</a> that MetalSwap won Optimism <strong>&#34;Growth Experiment - Cycle 11&#34; Grant</strong>!</p><h2 id="header-1">MetalSwap Forum</h2><p>As said before, the purpose of the forum is to provide a meeting point for everyone who wants to discuss the future of this project. It is divided into seven categories, and within it, some very interesting conversations are already emerging, which we will analyze in the final part of this article in the section dedicated to community activities. If you want to spread your idea about the project go to the<a href="https://gov.metalswap.finance/" rel="noopener noreferrer nofollow"> MetalSwap Forum</a> and write it down!</p><p><img src="https://blog.metalswap.finance/hs-fs/hubfs/undefined-May-05-2023-08-28-54-6753-AM.png?width&#61;602&amp;height&#61;257&amp;name&#61;undefined-May-05-2023-08-28-54-6753-AM.png" /></p><h2 id="header-2">MetalSwap X Celer - New Bridge</h2><p>The addition of XMT to this bridge increases the overall security of the protocol, as it relies on one of the most authoritative bridges in the entire crypto industry. Furthermore, it was chosen for its inter-chain message framework feature, which opens up many possibilities, especially for our DAO. We will delve deeper into this aspect in the final part of this article. Check out the dedicated <a href="https://metalswap.me/cbri" rel="noopener noreferrer nofollow">blog post</a> to learn more about it.</p><h2 id="header-3">MetalSwap X Optimism - Growth Experiment Grant!</h2><h4><img src="https://blog.metalswap.finance/hs-fs/hubfs/undefined-May-05-2023-08-28-54-3496-AM.png?width&#61;518&amp;height&#61;233&amp;name&#61;undefined-May-05-2023-08-28-54-3496-AM.png" /></h4><p>The team is proud to communicate that MetalSwap was selected as a suitable dApp to receive this incentive in OP token. Especially MetalSwap was selected inside the <a href="https://gov.optimism.io/t/cycle-11-final-grants-roundup/5842" rel="noopener noreferrer nofollow"><strong>&#34;Growth Experiment - Cycle 11&#34; Grant</strong>!</a>.</p><p>In essence, we&#39;ve been awarded a grant that allows us to offer a total of 30,000 OP tokens as a reward to users of MetalSwap&#39;s dApp, specifically for trying out the Hedging Swap tool.</p><h2 id="header-4">Use Case</h2><p>Just like last month, the team is proposing additional use cases to promote and incentivize the use of MetalSwap&#39;s Hedging Swap. This month, two use cases have been released that are related to the Shanghai upgrade of Ethereum. They analyze partial and total withdrawal, demonstrating how a tool like MetalSwap can reduce volatility in these very unstable situations.</p><ul><li><a href="https://blog.metalswap.finance/shanghaivolatility2-partialwithdraw" rel="noopener noreferrer nofollow">Volatility in Shanghai - Partial Withdraw</a></li><li><a href="https://blog.metalswap.finance/shanghaivolatility3-totalwithdraw-0" rel="noopener noreferrer nofollow">Volatility in Shanghai - Total Withdraw</a></li></ul><h2 id="header-5">Learning Articles</h2><p>Another category of articles that the team consistently proposes are the &#34;Learning Articles&#34;. These cover topics that may interest all dApp users. Let&#39;s take a look at the ones released this month, with a brief summary for each.</p><p><a href="https://blog.metalswap.finance/marketsinsightvol2" rel="noopener noreferrer nofollow">Market insight Volatility</a>: Analysis of markets of interest to MetalSwap such as crypto and commodity markets.</p><p><a href="https://blog.metalswap.finance/bridgesecurity1-xmtliquiditymigration" rel="noopener noreferrer nofollow">Bridge Security - XMT Liquidity Migration</a>: Focus on bridge technology.</p><p><a href="https://blog.metalswap.finance/marketsknowledge-financialderivatives" rel="noopener noreferrer nofollow">Markets Knowledge - Financial Derivatives</a>: Introduction to the world of derivatives.</p><p><a href="https://blog.metalswap.finance/volumeofdefiderivatives" rel="noopener noreferrer nofollow">Volumes of crypto derivatives in DeFi</a>: Deep dive on the best derivative protocols in DeFi</p><p><a href="https://blog.metalswap.finance/development-conceptual-map" rel="noopener noreferrer nofollow">Development Conceptual Map</a>:  Presentation of a concept map summarizing all the topics the team is working on.</p><h2 id="header-6">Swap Competition</h2><p>On April 12th, the &#34;<a href="https://metalswap.me/sct10f" rel="noopener noreferrer nofollow">Top 10</a>&#34; Swap Competition came to an end. Congratulations to all the winners! Now the Swap competition is having a break, stay tuned on our official channels for more updates.</p><h2 id="header-7">DEVELOPMENT PREVIEW</h2><p>Thanks to obtaining this grant from Optimism, the goal now is to bring MetalSwap&#39;s Hedging Swap to this blockchain. In the coming days, a MIP will be posted on the <a href="https://gov.metalswap.finance/" rel="noopener noreferrer nofollow">Official Governance forum</a>, followed by a vote within the DAO where all XMT holders will express their preference on whether to bring the Hedging Swap to this blockchain or not.</p><h2 id="header-8">COMMUNITY ACTIVITIES</h2><p><img src="https://blog.metalswap.finance/hs-fs/hubfs/undefined-May-05-2023-08-28-53-4899-AM.png?width&#61;602&amp;height&#61;169&amp;name&#61;undefined-May-05-2023-08-28-53-4899-AM.png" /></p><p>Within the Governance forum, the main topics of discussion were the scalability of Hedging Swaps, with an ongoing debate on which blockchain to use to implement them. The community seems to be leaning towards the Optimism option and with the news from Grants, it is very likely that we will join this blockchain. Another discussion was launched after the announcement of the partnership with Celer Bridge, in which the community is discussing how this new implementation can improve the protocol.</p><h2 id="header-9">CONCLUSION</h2><p>As you have seen, this has been a very productive month for MetalSwap. To summarize everything that has been accomplished, we secured a <a href="https://metalswap.me/cbri" rel="noopener noreferrer nofollow">partnership with Celer</a>, obtained a <a href="https://metalswap.me/mxopg" rel="noopener noreferrer nofollow">grant from Optimism</a> and launched the <a href="https://gov.metalswap.finance/" rel="noopener noreferrer nofollow">project&#39;s forum</a>. Additionally, we published seven articles in the “Learning Articles” and “Use Cases” categories.</p><p>The future will hold even bigger surprises, so get ready dear Swappers!</p><p>Goodbye volatility!<br /><br />What a time to be in DeFi!</p><p>Goodbye volatility!</p><p>To the MetalSwap</p><p>… and beyond!</p><p>-The DeFi Foundation</p><h2 id="header-10">✎ What is MetalSwap?</h2><p>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.</p><p>With MetalSwap we enable hedge swap transactions through the use of Smart Contracts, AMM style.</p><h2 id="header-11">⚠️Warning⚠️</h2><p>❗ METALSWAP ‘s admins or moderators will NEVER contact you directly on any social under any kind of circumstances.</p><p>❗ 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.</p><h2 id="header-12">Goerli Demo Infobox</h2><p>https://demo.metalswap.finance/</p><p>USDT Demo:0xD885375bF67fAB66e7d422a1Dad71f39527A818EWBTC Demo:0xf4027D47753cF54aB51315d1d0cBDF7183d7f8F0XMT Demo:0x5e789DB07183A902571bD7738D2D0E50297697C8WPAXG Demo:0xD1a700e84334992d698CBaD0Cc38e85934eF706CPAXG Demo:0x38deeE79b80e08f51B98f2228Ff8Cd7040d48458</p><p>Get Goerli tokens from MetalSwap’s faucet!</p><h2 id="header-13">Links</h2><p>OFFCIAL WEBSITE &#x1f449;&#x1f3fb; https://www.metalswap.finance/</p><p>YOUTUBE &#x1f449;&#x1f3fb; https://www.youtube.com/channel/UCuFVZOpAOzuzlmJbPA4wdkw</p><p>MEDIUM &#x1f449;&#x1f3fb; https://medium.com/metalswap</p><p>TWITTER &#x1f449;&#x1f3fb; https://twitter.com/MetalSwapNet</p><p>DISCORD &#x1f449;&#x1f3fb; https://discord.com/invite/eYay7NV6vF</p><p>TELEGRAM &#x1f449;&#x1f3fb; https://t.me/metalswap<br /></p>

METALSWAP RECAP: APRIL

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MetalSwap

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