MIP-3 DAO Proposal

MIP-3 MetalSwap's Optimism Layer 2 deploy and OP Token Grant Distribution: Join the Vote!

Dear MetalSwap community,
We are excited to announce a significant proposal for the future of MetalSwap:
The integration of our Hedging Swap tool with the Optimism Layer 2 Optimistic Rollup network and the distribution of the prestigious Optimism Growth Experiment Cycle 11 OP token grant.
This development aims to drastically reduce transaction fees and improve user accessibility, while simultaneously distributing valuable incentives to our users.

Our latest MetalSwap Improvement Proposal (MIP-3) outlines this major step for MetalSwap platform. You can find the full details and join the discussion on the Governance Forum, where the Defi Foundation just published the Official Proposal and soon you will be called to cast your vote through the official Governance dApp section.

For newcomers to our community or those who need assistance with the voting process, we have prepared a comprehensive guide on our Docusaurus page. This guide will walk you through the voting process, ensuring your voice is heard in shaping the future of MetalSwap.

This important DAO votation is open to all MetalSwap community members who meet the following criteria on Ethereum’s mainchain:

  • Have $XMT in their wallet

  • Have staked $XMT on the Active Ethereum Smart Pool

  • Have $XMT staked in the ALPHA CLUB NFT Pools

To participate in the voting process, make sure to click the “Self-Delegate” button for each public address you wish to involve in the upcoming votes. The snapshot for participation eligibility will be taken when the proposal goes on-chain. Those who have not clicked the 'Self-Delegate' button by this time will be unable to vote.
Additionally, a Quorum of 20 million XMT must be reached for the vote to be considered valid.

The integration of the Hedging Swap tool with Optimism Layer 2 will provide a host of benefits, such as lower transaction fees, reduced Premium for opening a new Hedging Swap, and the distribution of both OP and XMT as rewards to dApp users. By participating in the vote, you have the power to shape the future of our ecosystem and help build a stronger, more innovative Decentralized Hedging Swap platform.

The voting period will last 3 days and will take place from the 17th of May, to the 20th of May.
We encourage you to actively participate in this crucial vote and make a difference in MetalSwap's future. Your thoughts and opinions are essential in driving our growth, so don't miss this opportunity to leave your mark.

Thank you for your continued support, and we look forward to your participation in shaping the next chapter of MetalSwap's journey.
Let's work together and create a stronger, more innovative Decentralized Hedging Swap platform!

Official MIP-3 Proposal - Governance Forum

Happy voting!
Goodbye Volatility!

To the MetalSwap

… and beyond!

-The DeFi Foundation


❗ METALSWAP ‘s admins or moderators will NEVER contact you directly on any social under any kind of circumstances.

❗ 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.


✎ What is MetalSwap?

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.


With MetalSwap we enable hedging swap transactions through the use of Smart Contracts, AMM style.