Welcome to another episode of MetalSwap Recap, the series that summarizes everything that has been done and is being worked on in the past month. In this case, we will explore what happened in the month of March.
If you missed the February Recap, it is time to retrieve it!
In this recap we will follow the same road through
In March, the team released the MultiWallet feature, making the dApp more accessible to everyone. In addition to MetaMask, it is now possible to interact with our dApp with CoinBase Wallet, Ledger Live, Wallet Connect, and Trust Wallet. If you want to learn more, we invite you to read the section dedicated to wallets in our docs.
Hedging Swap on Mobile Devices
Another important feature released is the mobile version of the dApp, which will allow a better user experience of our dApp, even when away from the computer.
Mobile Swap Preview
The team is dedicating a lot of effort to researching and proposing use cases for MetalSwap's hedging swaps, with the aim of suggesting strategies that can reduce volatility and increase benefits for DeFi users and others. The following use cases were released this month:
This month, the first episode of Markets Insight was released, which is a series of monthly episodes offering an overview of markets that are of interest to MetalSwap, such as commodities markets and cryptocurrencies within our dApp. The series focuses particularly on events that could bring volatility to the markets.
Another goal of our team is to share knowledge about the world of crypto and DeFi. In the last month, we have released two articles, one about XMT and another about the topic of Bridge Security.
New Swap Competition
Our Swap Competitions never end and this month we launched a very special one called "Top 10". It will reward the ten most profitable addresses that complete a hedging swap by April 12th. This competition takes into consideration all available assets on our dApp. Good luck, Swappers!
During the last episode of the MetalSwap Recap, we announced and published the first video tutorial on the project's official YouTube channel, regarding the demo version of the dApp. This month, two new videos have been published that will teach you how to open a hedging swap on the dApp. The goal is to make the use of our dApp easy even for those who are approaching the DeFi world for the first time.
In the coming weeks, the Official Governance Forum will be released, which will be an essential place for our DAO to discuss and make proposals to improve the future of the project. So get ready, Swappers!
The research in this field is ongoing, and the team's objective is to enhance the liquidation mechanism of our swaps. This research is being conducted concurrently with other projects that are aiding us in accomplishing this task in the best and most efficient way possible.
Inside MetalSwap's official discussion groups such as Telegram and Discord, one of the topics on fire is the migration of our hedging swaps into more scalable blockchains with the goal of making our tool more efficient and competitive in the DeFi world. If you are a Swapper, we invite you to express your ideas by discussing the pros and cons of each option.
At the same time, the team is already actively working towards this next big steps, and MetalSwap smart contracts are already in-test on the Optimism Testnet.
Stand clear, and be ready to the next groundbreaking news!
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To the MetalSwap!
… and beyond!
-The DeFi Foundation
✎ What is MetalSwap?
With MetalSwap we enable hedge swap transactions through the use of Smart Contracts, AMM style.