July was a great month for the MetalSwap project and its community. Over the last 30 days, we've seen the XMT airdrop, the Chainlink partnership and much more.

Let’s summarize everything that happened in July and, as always, the article will be divided into the following major areas:

1. Project Updates
2. R&D and Blog Posts
3. Development Preview

Project Updates

In this section, we examine the main achievements of the past 30 days:

XMT Airdrop 

All users who participated in the testnet campaigns (recall Pool and NFT staking) were able to earn XMTXP. 

These points were used to complete an airdrop of the XMT token as a thank you for their time and valuable feedback to the team. Specifically, 147,058 XMT were allocated for the airdrop, which is more than $2000 in value.

If you are eligible for this airdrop, you don’t need to claim it; the tokens are already in your wallet.

Chainlink Partnership

July also brought a crucial partnership for the future of MetalSwap. 

We are talking about the MetalSwap x Chainlink collaboration, announced through a series of articles published in the official blog. MetalSwap is at the forefront of developing and utilizing Chainlink technologies such as CCIP and Chainlink Automation.

Thanks to this pioneering role, the Chainlink team co-wrote a series of articles on these technologies and their integrations in the MetalSwap dApp.

https://x.com/chainlink/status/1815446714293383306

R&D and Blog Post

Now, let's review July’s articles:

MetalSwap Release: XMT Airdrop

As mentioned earlier, an XMT token airdrop was completed in July for those who earned XMTXP during the testnet campaigns. This dedicated article provides detailed information about the XMTXP to XMT conversion ratio and other airdrop details.

MetalSwap Knowledge - NFT Staking Soft Strategy 

The NFT staking feature continues to attract TVL and increase XMT token liquidity. This article presents a strategy called "SOFT." Unlike the "Dynamic" strategy, it involves creating a wide liquidity range that allows for relatively passive management at the cost of reduced staking rewards.

Markets Insight: Volatility Overview Vol.11

The Volatility Overview is a historic series on the MetalSwap blog, analyzing the volatility of various markets of interest to MetalSwap. It covers the commodity sector and also examines the cryptocurrencies within the dApp. This episode particularly analyzes a period of low market volatility due to the summer season.

MetalSwap x Chainlink Paper: Part 1/2/3 

The partnership with Chainlink resulted in a three-part paper detailing how MetalSwap solved various DeFi challenges using Chainlink technology.

• Part 1: Focuses on the NFT Staking, an important feature developed entirely by MetalSwap.
• Part 2: Discusses the DAO and the challenges of bridge operations, highlighting the recall pool innovation developed by MetalSwap using Chainlink technology.
• Part 3: Covers anti-MEV strategies enabled by Chainlink Automation.

Development Preview

The team is completing a lot of work behind the scenes and soon this will be communicated to the entire community.

August will be a month where the NFT staking feature should continue to increase the TVL and new articles and announcements will be released on X and the official blog.

Stay tuned for the next updates!

-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 !