MetalSwap

<blockquote><em>Originally written on </em><a href="https://metalswap.me/ju24r" rel="noopener noreferrer nofollow"><em>MetalSwap’s Official Blog - </em>MetalSwap Recap: June</a></blockquote><p>June was an important month for the MetalSwap project with the release of the NFT staking feature, which improved liquidity around the XMT token.</p><p>In today&#39;s recap, we summarize this and much more. As always, the article will be divided into the following major areas:</p><ul><li>Project Updates</li><li>R&amp;D and Blog Posts</li><li>Development Preview</li></ul><h2 id="header-0">Project Updates</h2><p>In this section, we examine the main achievements of the past 30 days:</p><h3 id="nft-staking-feature-on-optimism">NFT Staking Feature on Optimism</h3><p>As mentioned in the introduction, the NFT staking feature was finally released in June. This feature incentivizes the liquidity of the <strong>XMT/USDC</strong> pair on Optimism and has already reached a TVL of<strong> $12,000.</strong></p><p><strong><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXflGao3fvzPspIs8jtVKFPka05kvBnAPmxQ65R4moCeGVmz87pfvBDIQXbLJJKumIo0nd7iPNNkFvN7Llg-trDjEsL6Fn1rEI3V3Jk8dir9rjdoq04uevHD_vrA-1EV-FUPWtvQd0KWbuQq3uF-u04uaGs?key&#61;-kzfpsBE5JSL6fKnpXbU-g" /></strong></p><p><em>NFT staking rewards and TVL</em></p><p>As an incentive, the foundation deposited <strong>500 OP</strong> and <strong>5000 XMT</strong>, with 10% of the rewards distributed every Friday.</p><p>For more information on the feature, we recommend reading the <a href="https://blog.metalswap.finance/univ3-lp-nft-staking-release" rel="noopener noreferrer nofollow">dedicated article.</a></p><h3 id="dedaub-audit">Dedaub Audit</h3><p>Given the importance of this release, the MetalSwap team decided to complete a full audit of the smart contracts for the NFT staking feature.</p><p>The company Dedaub completed this audit, which is now available in its <a href="https://dedaub.com/audits/metalswap/metalswap-nft-staking-pool-may-30-2024/" rel="noopener noreferrer nofollow">dedicated section</a> in the official docs.</p><p><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXepkaGYwh8FvGKF9bSbc8zQUDMZhCCsTviQvkOHRelqWpnUl_Em6SW6TvQ3WVsgUWbxBolgwcPbcyv54KCTyHC7sCtVZ-LgM5I95yeLrbPdCB6A7OeDOIh3mlus6YIb9ug0OzjWsCX4XtC36pi8gFF_1n_5?key&#61;-kzfpsBE5JSL6fKnpXbU-g" /></p><h2 id="header-1">R&amp;D and Blog Post</h2><p>Now, let&#39;s review June’s articles:</p><h3 id="nft-staking-dynamic-strategy">NFT Staking Dynamic Strategy</h3><p>One of the most complex aspects of DeFi is selecting the <strong>range of liquidity</strong> within Uniswap V3 and for this reason the team shared a <strong>liquidity management strategy</strong> to help users make their choices.</p><p><a href="https://blog.metalswap.finance/nft-staking-dynamic-strategy" rel="noopener noreferrer nofollow">This strategy</a> is specifically called “<strong>Dynamic</strong>” because it uses a relatively narrow range and therefore might require a more active management approach.</p><h3 id="may-recap">May Recap</h3><p>Every month, articles in the “Recap” category are shared to keep the community quickly but thoroughly updated on the project’s development.</p><p>For those who missed the last recap about May, we recommend <a href="https://blog.metalswap.finance/metalswap-recap-may24-0" rel="noopener noreferrer nofollow">catching up on it.</a></p><p>Development Preview</p><h3 id="xmt-airdrop">XMT Airdrop</h3><p>In the early days of July, an <strong>XMT token airdrop</strong> is planned for all those who participated in the testing phases.</p><p>This will be done as a thank you for the support the community has shown towards developing crucial new features as the NFT staking and the Recall Pool.</p><h3 id="new-collaborations-and-co-marketing-activities">New Collaborations and Co-marketing Activities</h3><p>Without going into too much detail, we announce that <strong>new collaborations and co-marketing activities</strong> for the MetalSwap project will be shared in the coming weeks.</p><p>Stay tuned for the next updates!</p><p>-The DeFi Foundation</p><h2 id="header-2">✎ What is MetalSwap?</h2><p>MetalSwap is a decentralized platform that allows Hedging Contract on financial markets with the aim of providing coverage to those who work with Digital Asset 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 Hedging Contract we enable hedge swap transactions through the use of Smart Contracts, AMM style.</p><p>It&#39;s great to Hedge the Risk of Price volatility with <a href="https://app.metalswap.finance/" rel="noopener noreferrer nofollow">MetalSwap dApp</a> !</p><p></p>

MetalSwap Recap: June

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MetalSwap

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