Metalswap is a decentralized hedging swap protocol that provides a tool for protecting assets from market volatility. This unique financial primitive is built from scratch and is currently unique in the DeFi market. The hedging swap tool is commonly used in centralized commodity markets such as the London Metal Exchange. Metalswap’s mission is to enable businesses to cover themselves from commodity price volatility using a DeFi approach. The tool is also useful for DeFi users who want to hedge against price volatility of crypto digital assets. What are you building?:

Our product has been live on the ETH mainnet since September 13th and currently supports three different digital assets on our DApp. Users can utilize the Hedging Swap Tool with ETH, WBTC, and WPAXG (a PAXG wrapped version), all of which are paired with Stablecoin.

Moving forward, our project is focused on three main areas:

1 - Find technical solutions to include RWAs (Real World Assets) in our dapp that are also useful for traditional businesses that need coverage on the volatility of commodity prices. Our tool is in fact widely used in this way by many companies in centralized markets

2 - Deploying our tool on a new blockchain to reduce transaction fees for our users and unlock novel use cases

3 - Creating a business funnel to address regulatory concerns of traditional businesses

Why do you believe what you are building is going to succeed?:

We believe that our tool has numerous use cases in DeFi as well as in the commodities business, making our project highly relevant to traditional businesses. We have created a sustainable protocol with a real yield business model, where the fees from Hedging Swaps are used to buy back our governance token and redistribute value to the protocol DAO. To add value to our product, we want to deploy the smart contracts on a reliable chain with lower transaction fees compared to ETH, which will have a lesser impact on the total commission costs.