Dear community, we’re pleased to announce that the MetalSwap dApp has secured a spot in one wave within the Linea DeFi Voyage, an educational DeFi experience that encourages users to engage with this new layer-2 blockchain: Linea Mainnet.
As you may know, MetalSwap's Hedging Contracts will shortly be released on this blockchain and participation in the DeFi Voyage will bring about significant benefits, which we will explore in this article.
Let's start from the basics to understand what Linea's DeFi Voyage is all about. Many of you may recall when, in mid 2023, MetalSwap participated in Galxe's Linea Voyage Program, an operation aimed at bringing users into the testnet of this blockchain. MetalSwap was among the dApps to be tested and received positive feedback in terms of both interactions and extraordinary visibility.
The Linea DeFi Voyage follows a similar format, but this time it will take place within Linea's official blockchain and no longer in the testnet. The experience is structured over 6 weeks, during which 10 waves will unfold, each focusing on a specific theme such as bridging, trading, or swapping.
Hedging contracts and Zero Knowledge
The first obvious advantage for MetalSwap is the opportunity to bring its smart contracts into a highly scalable solution that utilizes Zero Knowledge technology. Being at the forefront of blockchain technical development not only puts MetalSwap in a privileged position but also allows the team to test smart contracts on this new technology.
Linea Partnership
Linea is a blockchain created by the ConsenSys team, one of the most significant builders worldwide in the DeFi space. In addition to Linea, the ConsenSys team has also developed MetaMask, the world's most widely used web3 wallet. Having contact and collaborating with this type of entity undoubtedly gives MetalSwap a competitive advantage over other dApps within the DeFi space.
Project Visibility
This event, from a marketing perspective, favors MetalSwap as thousands of users participate in events launched by the Linea team. Specifically, analyzing previous waves, we immediately notice that the user base for each wave ranged from a minimum of 300k users to a maximum of over 500k. MetalSwap is thus showcased in a highly significant venue that will introduce it to thousands of new users.
MetalSwap users will gain XP points
Another advantage is for all those already using MetalSwap's dApp. Anyone opening hedging positions within the dApp in the Linea blockchain will be eligible to earn XP points, which are soulbound tokens recognized by Linea for all participants in this experience.
The arrival of hedging contracts on the Linea blockchain marks the beginning of a new chapter for MetalSwap. DeFi evolves rapidly and the team's goal is to stay updated with this development.
The DeFi Linea Voyage is an incredible opportunity for project visibility, but it's also just the beginning of a long journey within this highly promising blockchain.
-The DeFi Foundation
MetalSwap is a decentralized platform that brings Hedging Contracts 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.
With MetalSwap we enable Hedging Contracts on the DeFi field, AMM style.