MetalSwap has recently unveiled its next major challenge: the deployment of a brand-new Perpetual DEX.

The reasons behind this new challenge are thoroughly explained in the dedicated article, but, in short, we need to know that perpetual are the most traded derivatives in DeFi today and the project is determined to conquer this vibrant market.

However, now is the time to reveal the second major announcement, deep diving into the thread published on X yesterday. The MetalSwap project will undergo a rebrand and everything will change!

Denaria: The Most Complete Suite of Derivatives

The creation of a new derivative instrument (Perpetual DEX) and the expansion of the markets targeted by the project fundamentally changed its nature, making it obvious to also revolutionize the brand.

MetalSwap has become widely recognized as a brand associated solely with Hedging Contracts and commodities.

Denaria, on the other hand, will serve as a brand that incorporates a suite of derivatives, the “old” Hedging Contracts and the “new” Perpetual DEX.

Why Denaria

Denaria aims to expand and promote this project worldwide and a revolution was necessary to achieve this.

The proposal to rebrand MetalSwap also stems from feedback gathered from community discussions. The team believes this is the right choice to relaunch this project towards new challenges and horizons.

As already emphasized in the previous article announcing the arrival of the Perp DEX, it is important to understand that Hedging Contracts will not be abandoned; rather, they will be a fundamental part of Denaria’s suite of derivatives.

More details regarding the new brand structure will be shared soon.

The Beginning of a Revolution

But what does the proposed rebrand entail?

Everything will change, starting with the logo, name, website and brand design. Denaria will have a completely new and different style compared to what MetalSwap has adopted over the years.

Everything we know today about MetalSwap will change and be revolutionized, all to make this project the house of derivatives trading in DeFi.

The first step to start this revolution will be to promote a TempCheck on Snapshot to evaluate the community's sentiment about this rebrand operation.

The vote will start on 13/09/2024 and will last until 16/09/2024. It is very important that the entire MetalSwap community share their feedback regarding this key decision.

Another Big Announcement is on the Way

After the two important announcements revealed in the last two articles: the arrival of a Perpetual DEX and the idea of completing a Rebrand of MetalSwap to turn it into a derivative suite called Denaria, now the last big announcement awaits us.

We still have to wait a few more days, but we are sure that this third news will be much appreciated by the community.

We again advise you to follow the official X profile and keep an eye on the blog, because that is where the next big news will be posted. More To Come!

-The DeFi Foundation

✎ What is MetalSwap?

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.

With Hedging Contract we enable hedge swap transactions through the use of Smart Contracts, AMM style.

It's great to Hedge the Risk of Price volatility with MetalSwap dApp !