Markets description

(Mettalex DEX Vega release)

MARKETS

The markets available on Mettalex DEX Vega are divided into the following 3 categories:

1. COMMODITIES

ALUMINIUM

Aluminium is a very flexible, light-weight, and strong metal which can be counted to the base metals or non-ferrous metals. As a physical commodity, aluminium is traded as raw material, unfinished, semi-finished or finished product and as scrap metal. Aluminium is obtained from grinding raw material bauxite to extract and refine the contained aluminium oxide (i.e. alumina) which is further processed into liquid aluminium (i.e. molten aluminium) by adding carbon and electricity. The molten aluminium is casted into different shapes and can be further rolled, extruded or re-melted. Aluminium can be used for the following 3 applications:

  • Castings

  • Extrusions

  • Production of hot/cold rolled products

Casting products include logs, billets (extrusion ingots), slabs for rolling , high purity ingots, T-ingots (T-bars), wire rods, and primary foundry alloys. Commonly, castings are used in the automotive, aviation, buildings and construction, cable, electrical, and packaging industries. While castings can be also referred to as upstream aluminium products, extrusions and rolled aluminium applications are more downstream in the production line. Semi-finished extrusion products include bars, profiles, and tubes and they are produced for the automotive, building and construction, engineering, and transportation industry. Rolled aluminium products can be traded for instance as coils, foil, plates, shates, sheets, and strips. These are applications used in various industries including automotive, building and construction, engineering, food, marine, packaging, printing, and transportation.

Furthermore, aluminium can be easily recycled and traded as scrap metal. When recycling aluminium applications, they can be completely re-shaped into any product.

How to trade?*

  • Buy the ALLONG token if you believe that demand for aluminium will increase as a consequence of a higher demand from the industrial sector after the pandemic;

  • Buy the ALSHORT token if you think demand for this material will shrink due to a lower demand for industrial applications and infrastructures;

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your ALLONG or ALSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold ALLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the ALLONG token (in red letters);

  • Alternatively, If you hold ALSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the ALSHORT tokens.

Oracle source: DAVIS INDEX

Network: ETHEREUM

BRENT CRUDE OIL

Brent Oil is also known as Brent Crude or North Sea Brent Crude and it is a type of crude oil which is considered as a benchmark crude for determining the trading price of other varieties of crude oil.

Where the oil comes from also makes a difference if you’re a buyer. The less expensive it is to deliver the product, the cheaper it is for the consumer. From a transportation point of view, oil extracted at sea has certain advantages over land-based supplies, which depend on the capacity of pipelines. Brent Crude oil is light and sweet, making them ideal for the refining of diesel fuel, gasoline, and other high-demand products. And because the supply is waterborne, it’s easy to transport to distant locations.

How to trade?*

  • Buy the BBLONG token if you believe demand for crude oil will increase in the future due to the economic expansion following the pandemic;

  • Buy the BBSHORT token if you think the effects of the pandemic will last longer than expected, shrinking demand for Brent Crude and lowering its price.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your BBLONG or BBSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold BBLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the BBLONG token (in red letters);

  • Alternatively, If you hold BBSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the BBSHORT tokens.

Oracle source: Chicago Mercantile Exchange (CME)

Network: BINANCE SMART CHAIN

BUTTER

Butter is a typically yellow or white dairy product consisting of an emulsion of butterfat and made by churning milk or cream.

How to trade?*

  • Buy the CBLONG token if you believe demand for butter will increase following the effects of stimulus packages around the world;

  • Buy the CBSHORT token if you believe the butter will become less sought-after due to health concerns related to saturated fat.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your CBLONG or CBSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold CBLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the CBLONG token (in red letters);

  • Alternatively, If you hold CBSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the CBSHORT tokens.

Oracle source: Chicago Mercantile Exchange (CME)

Network: ETHEREUM

COPPER

Copper is widely used around the world due to its industrial and technological applications. Its physical properties, which are similar to gold and silver, make it perfectly suited for a range of industrial uses (e.g. electric wiring, plumbing, roofing, and industrial machinery). However, unlike gold and silver, copper is not widely viewed as a store of value. Therefore, copper is less impacted by speculative price movements. The global supply of copper comes principally from underground mines and from recycling copper products. As developing regions in the African continent, Eastern Europe and Asia modernise their economies and expand their infrastructure, the higher will be the demand for copper from these areas of the world.

How to trade?*

  • Buy the CULONG token if you believe that demand for copper will increase and its price will go up as a consequence of a global industrial recovery;

  • Buy the CUSHORT token if you think demand for copper will shrink due to a lack of major new infrastructure projects development.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your CULONG or CUSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold CULONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the CULONG token (in red letters);

  • Alternatively, If you hold CUSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the CUSHORT tokens.

Oracle source: London Metal Exchange (LME)

Network: ETHEREUM

GOLD

Since the beginning of civilization, humankind has viewed gold as a proxy for money and a safe-haven asset. Once it is mined, refiners process gold into bars, coins, or ingots called bullion in order to sell them. Buyers can transform these gold bars into items like coins, jewelry, and electronic components. They may also store gold bars for traders.

Gold supply is consistently affected by the price of gold itself: when gold prices arise, mining gold becomes more profitable, so more supply comes into the market. The opposite happens when prices decline. Similarly, changes in demand from industry, traders, central banks, or sovereign wealth funds can move gold prices. In fact, Central Banks could impact on gold prices in two ways:

  • These could take decisions to contract or grow the money supply in their countries, thus leading to an increase in gold trading since fiat currencies (eg, US dollar and euro) compete with gold as a store of value and a form of money.

  • Secondly, central banks hold large gold reserves. As a result, their decision to accumulate or sell reserves can move the gold market.

How to trade?*

  • Buy the XAULONG token if you believe gold demand will increase due to interest from traders seeking refuge from devaluing fiat currencies;

  • Buy the XAUSHORT token if you believe the large stimulus packages approved by governments will push investors towards the acquisition of higher-risk assets and gold will go out of fashion.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your XAULONG or XAUSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold XAULONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the XAULONG token (in red letters);

  • Alternatively, If you hold XAUSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the XAUSHORT tokens.

Oracle source: Chainlink

Network: BINANCE SMART CHAIN

HMS 1&2 (80:20) CFR Turkey

Heavy Melting Steel (HMS) or Heavy Melting Scrap is a designation for recyclable steel and wrought iron. It is broken up into two major categories: HMS 1 and HMS 2, where HMS 1 does not contain galvanised and blackened steel, whereas HMS 2 does.

How to trade?*

  • Buy the DSSCLONG token if you believe demand for heavy melting scrap will increase as a consequence of economic recovery as industry expands and production grows;

  • Buy the DSSCSHORT token if you believe the global recession will continue to impact the industry thus reducing its demand and price.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your DSSCLONG or DSSCSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold DSSCLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the DSSCLONG token (in red letters);

  • Alternatively, If you hold DSSCSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the DSSCSHORT tokens.

Oracle source: DAVIS INDEX

Network: ETHEREUM and BINANCE SMART CHAIN

IRON ORE

Iron ore is a rock from which the metal iron is extracted. About 98% of the world’s iron is used to produce steel. However, iron is never found by itself in nature. In fact, most iron is part of minerals that contain other elements. Iron oxide is the most common of these minerals.

Today’s worldwide production is more than 2.2 billion metric tons of usable iron ore, which contains about 1.4 billion metric tons of iron. With steel being a critical material in buildings, infrastructure, mechanical equipment, and automobiles, iron ore is an important global commodity.

How to trade?*

  • Buy the IOLONG token if you believe that the heavy production industry will expand in the future as consequence of the industrial recovery after the pandemic;

  • Buy the IOSHORT token if you believe that steel use in the production of structures, ships, automobiles, and machinery will decline in the future.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your IOLONG or IOSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold IOLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the IOLONG token (in red letters);

  • Alternatively, If you hold IOSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the IOSHORT tokens.

Oracle source: Chicago Mercantile Exchange (CME)

Network: ETHEREUM and BINANCE SMART CHAIN

SILVER

Silver is one of the most valuable metals on the planet due to its widespread utility in jewellery and its industrial applications in silverware and electronics. Even though it is not as scarce as gold, it represents a precious metal widely used in the financial industry for investments. This makes silver a commodity of high interest for a variety of market participants who actively trade silver futures for hedging or price protection.

Silver is a very volatile commodity. The increase in the industrial demand is the primary factor for increased volatility in silver prices. At the moment the industrial demand consists of over half of the total worldwide demand.

How to trade?*

  • Buy the XAGLONG token if you think demand for silver in industrial applications and as a safe-haven asset will increase leading to higher prices.

  • Buy the XAGSHORT token if you believe a recession or slowdown in industrial demand would lower silver prices.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your XAGLONG or XAGSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold XAGLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the XAGLONG token (in red letters);

  • Alternatively, If you hold XAGSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the XAGSHORT tokens.

Oracle source: Chainlink

Network: BINANCE SMART CHAIN

STEEL SCRAP

Steel scrap is a vital raw material for the production of new steel. The steel industry has been recycling steel scrap for decades, as steel making and foundry industries are highly dependent upon the ready availability of scrap from manufacturing operations and from the recovery of products that are no longer used or needed. Because of this, the use of steel scrap implies a lower impact on the environment when compared to heavy production methods (e.g. IRON ORE).

Steel scrap recycling conserves raw materials, energy, and landfill space. The domestic steel industry recycles millions of metric tons per year of steel cans, automobiles, appliances, construction materials, and other steel products. The primary source of obsolete steel is the automobile. The remelting of scrap requires much less energy than the production of iron and steel products from iron ore. Consumption of iron and steel scrap by remelting reduces the burden on landfill disposal facilities and prevents the accumulation of abandoned steel products in the environment.

How to trade?*

  • Buy the SSCLONG token if you believe that demand for steel scrap will increase, due to environmental considerations by companies and governments.

  • Instead, buy the SSCSHORT token if you believe its demand will decrease while the demand for refined ores and mining products will increase so the environmental impact.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your SSCLONG or SSCSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold SSCLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the SSCLONG token (in red letters);

  • Alternatively, If you hold SSCSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the SSCSHORT tokens.

Oracle source: London Metal Exchange (LME)

Network: ETHEREUM

STEEL SCRAP SHREDDED

Shredded scrap is a large part of the recycling industry and can be utilised in multiple circumstances. It consists of homogeneous iron and steel scrap, which is magnetically separated, originating from automobiles, miscellaneous baling and sheet scrap. Shredded scrap’s average density ranges from 50 to 70 pounds per cubic foot.

How to trade?*

  • Buy the DSSHLONG token if you believe steel scrap demand will rise following a higher infrastructure demand, as this material can be introduced for the production of steel, but with a lower environmental impact when compared to its primary production from ores and refined mining products;

  • Buy the DSSHSHORT token if you believe steel scrap demand will face challenges due to the effects of the pandemic on global industry and infrastructure development.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your SSCLONG or DSSHSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold DSSHLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the DSSHLONG token (in red letters);

  • Alternatively, If you hold DSSHSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the DSSHSHORT tokens.

Oracle source: DAVIS INDEX

Network: ETHEREUM

ZORBA 95/2

It is the term used for shredded and pre-treated non-ferrous scrap metals, commonly obtained from End-of-Life Vehicles (i.e. ELVs) or Waste Electrical and Electronic Equipment (i.e. WEEE).

Other non-ferrous metals found in Zorba include copper, lead, brass, magnesium, nickel, tin and zinc in elemental or alloyed form. Stainless steel is usually only present in small quantities, depending on the grade of material.

How to trade?*

  • Buy the DZRBLONG token if you believe consumer and industrial demand for Zorba will increase as an effect of higher demand for consumables after the pandemic.

  • Buy the DZRBSHORT token if you think Zorba consumption will shrink due to lower demand and shortcomings in industrial sorting methods.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your DZRBLONG or DZRBSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold DZRBLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the DZRBLONG token (in red letters);

  • Alternatively, If you hold DZRBSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the DZRBSHORT tokens.

Oracle source: DAVIS INDEX

Network: ETHEREUM

ZINC

Zinc resists corrosion and is used to galvanise iron and steel for industrial and infrastructure purposes. Zinc is also used to produce brass (i.e. a zinc alloy that contains between 55 and 95% copper) widely used in construction and in the production of tools and products. Mines worldwide are spread all over the Planet and these extract more almost 12 million metric tons of zinc per annum.

How to trade?*

  • Buy the ZNLONG token if you believe zinc production will increase as a consequence of higher demand for steel;

  • Buy the ZNSHORT token if you think its demand will shrink as global economies are unable to overcome the consequences of the pandemic.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your ZNLONG or ZNSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold ZNLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the ZNLONG token (in red letters);

  • Alternatively, If you hold ZNSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the ZNSHORT tokens.

Oracle source: London Metal Exchange (LME)

Network: ETHEREUM

2. SPREADS

AAVE/COMP spread

Aave is a decentralized money market protocol that enables users to lend and borrow cryptocurrencies in a trustless manner. Compound is providing a similar service but is more conservative in terms of the crypto assets that could be lended or borrowed. Users of both protocols can lend cryptocurrencies to receive an annual percentage yield or borrow assets for increased exposure to crypto markets or to spend for goods or services in the real world.

Use the AAVE/COMP spread to get exposure to price movements of the two assets against each other.

How to trade?*

  • Buy the AAVECOMPL token if you own COMP tokens but you think there is a chance that AAVE will become the dominant lending protocol in the DeFi space;

  • Buy the AAVECOMPS if you hold AAVE tokens but believe that Compound will continue to acquire market share in the DeFi lending space and its token will appreciate faster than AAVE.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your AAVECOMPL or AAVECOMPS tokens to Mettalex's Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap of the band, this market will be automatically settled:

  • If you hold AAVECOMPL tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the AAVECOMPL token (in red letters);

  • If you hold AAVECOMPS tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the amount you used to buy the AAVECOMPS tokens.

Oracle source: Chainlink

Network: BINANCE SMART CHAIN

BTC/ETH spread

The perfect market to trade on if you want to have exposure to Bitcoin or Ether’s market dominance against each other.

How to trade?*

  • Buy the BTCXAUL spread token if you believe a borderless, digitally scarce, crypto asset will be a safer hedge against inflation in comparison to gold;

  • Buy the BTCXAUS spread token if you believe gold has stood the test of time and can still be considered a better way to hedge inflation risk. The BTCX/AUS Short Position token takes the opposite view that physical stores of value commodities such as gold will dominate.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your BTC/ETH Spread tokens to Mettalex's Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap, this market will be automatically settled:

  • If you hold BTCETHL tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the BTCETHL token (in red letters);

  • Alternatively, If you hold BTCETHS tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the BTCETHS tokens.

Oracle source: London Metal Exchange (LME)

Network: ETHEREUM and BINANCE SMART CHAIN

BTC/XAU spread

Equity markets have experienced a bullish trend for years. Some investors are beginning to question its sustainability and are looking for ways to diversify their portfolios with safe-haven assets. Historically, gold has been one of the most popular choices. However, the crypto commodity bitcoin is now offering a modern, digital alternative to gold. The crypto asset shares some of gold’s unique properties, while addressing a number of its shortcomings. The BTC/XAU market on Mettalex is a great place to take a formal position in the physical gold or digital gold debate.

How to trade?

  • Buy the BTCXAUL token if you believe a borderless, unfalsifiable, digitally scarce, crypto asset will be a safer hedge against inflation in comparison to gold;

  • Buy the BTCXAUS token if you think gold has already proven its lack of correlation with equities and will perform better than bitcoin as a hedge against inflation.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your BTCXAUL or BTCXAUS tokens to Mettalex's Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap of the band, this market will be automatically settled:

  • If you hold a BTCXAUL token and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the BTCXAUL token (in red letters);

  • If you hold a BTCXAUS token and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the BTCXAUS tokens.

Oracle source: London Metal Exchange (LME)

Network: Binance Smart Chain

BTC/TSLA spread

The richest man on Earth - Elon Musk - recently announced a $1.5b position open by his company Tesla. So far the decision to buy into bitcoin has proven wise, with Tesla’s profits in 2020 likely being lower than the USD-denominated unrealized profits of its bitcoin position in 2021. Although Tesla’s bitcoin position represents only about 8% of the company portfolio, the electric vehicles manufacturer and the original cryptocurrency are now related.

Use the unique BTC/TSLA spread on Mettalex to express your views on the price movements of BTC and TSLA against each other.

How to trade?*

  • Buy the BTCTSLAL token if you believe bitcoin’s price will perform better than Tesla stock in the future;

  • Buy the BCTSLAS token if you believe Tesla is undervalued against BTC and its price will increase in the future.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your BTCTSLAL or BTCTSLAS tokens to Mettalex's Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap of the band, this market will be automatically settled:

  • If you hold BTCTSLAL tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the BTCTSLAL token (in red letters);

  • On the other hand, if you hold BTCTSLAS tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the BTCTSLAS tokens.

Oracle source: Chainlink

Network: Ethereum and Binance Smart Chain

Chainlink is a decentralized oracle network that provides real-world data to most of the projects in the DeFi space. The LINK token is used in the Chainlink network to compensate Chainlink Node operators for the retrieval of data from the external data sources, turning it to blockchain readable format, off-chain computation, and uptime guarantees.

BAND is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Band allows blockchains to access data, such as stock prices and weather, that are available via API providing a similar service to that of Chainlink. The BAND token is used for staking by node operators as a guarantee for the quality of the real-world data provided. In addition, BAND is used for payment of fees for transactions performed on the BAND network.

Use the LINK/BAND market on Mettalex to hedge your exposure of owning either of the two tokens or speculate on price movements of the two tokens against each other.

How to trade?*

  • Buy the LINKBANDL token if you believe Chainlink will continue to grow its market share and its price will perform better than that of its primary competitor;

  • Buy the LINKBANDS token if you think BAND will oust Chainlink by acquiring a larger share of the market, and its token will appreciate against LINK.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your LINKBANDL or LINKBANDS tokens to Mettalex's Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap of the band, this market will be automatically settled:

  • If you hold LINKBANDL tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the LINKBANDL token (in red letters);

  • Alternatively, If you hold LINKBANDS tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the amount you used to buy the LINKBANDS tokens.

Oracle source: Chainlink

Network: Ethereum

STEEL REBAR/STEEL SCRAP spread

The perfect market for physical commodity holders who process steel scrap to produce steel rebar. Steel Mills can use it to hedge their exposure to the price of the raw material - steel scrap - and that of the processed product - steel rebar.

How to trade?

  • Buy the SRSCSPRL token if you believe the price of steel rebar will appreciate faster than that of steel scrap;

  • Buy the SRSCSPRS token if you think demand for housing and infrastructure will decrease and the production of steel will slow down affecting the price of steel rebar more than that of steel scrap.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your SRSCSPRL or SRSCSPRS tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap of the band, this market will be automatically settled:

  • If you hold SRSCSPRL tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the SRSCSPRL token (in red letters);

  • Alternatively, If you hold SRSCSPRS tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the SRSCSPRS tokens.

Oracle source: London Metal Exchange (LME)

Network: ETHEREUM

sDEFI/sCEX Spread

sDEFI and sCEX indexes are synthetic assets that represent the price performance of a basket of leading tokens in the Decentralized Finance space and the Centralized Exchange space, respectively. The sDEFI/sCEX spread token tracks the ratio of the price in US dollars of the sDEFI and sCEX indexes representing the decentralized finance space and the centralized exchange space respectively. Individually, tradable instruments around these indexes allow traders to take a view on the growth or decline trend of each space separately.

  • If you decide to open a long position, you might agree that

  • If you opt for a short position you will gain a profit if

How to trade?

  • Buy the SDEFISCEXL token if you believe DeFi protocols will become relatively more important in the overall crypto space as they accrue more economic share of the financial ecosystem;

  • Buy the SDEFISCEXS token if you think trading activity of crypto tokens on centralized exchanges will be dominant in the crypto space in the future.

Settlement

You can sell your SDEFISCEXL or SDEFISCEXS tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap of the band, this market will be automatically settled:

  • If you hold SDEFISCEXL tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the SDEFISCEXL token (in red letters);

  • If you hold SDEFISCEXS tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the SDEFISCEXS tokens.

Oracle source: Chainlink

Network: ETHEREUM and BINANCE SMART CHAIN

3. CRYPTO CURRENCIES

BITCOIN

Bitcoin is the first cryptocurrency, created in January 2009. It is the most popular decentralized currency and the largest one by market capitalization. Unlike fiat currency, bitcoin is created, distributed, and stored in a decentralized ledger, known as a blockchain. It is limited to 21,000,000 units and its inflation rate is fully predictable.

How to trade?*

  • Buy a BTCLONG token if you believe that its demand will tend to grow as a result of increased popularity assumed as a means of payment;

  • Buy the BTCSHORT token if you believe Bitcoin demand and price will decrease in the future.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your BTC tokens to Mettalex's Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap of the band, this market will be automatically settled:

  • If you hold BTCLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the BTCLONG token (in red letters);

  • Alternatively, If you hold BTCSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the BTCSHORT tokens.

Oracle source: Chainlink

Network: ETHEREUM and BINANCE SMART CHAIN

ETH

Ether is the world’s second-largest virtual currency by market capitalization. It is the transactional token that facilitates operations on the Ethereum network. The initiation of transactions and execution of smart contracts on Ethereum require computing power provided by Ethereum nodes. For their computational work, nodes are compensated in ether. As such, ether is considered as the unit of account for all operations performed by the Ethereum and could be perceived as the network’s fuel.

How to trade?*

  • Buy the ETHLONG token if you believe that demand for ether will grow as it becomes more scarce due to locking or burning of ETH and thanks to the expansion of Ethereum’s ecosystem of decentralized applications;

  • Buy the ETHSHORT token if you think more advanced smart contract platforms will manage to attract the bulk of liquidity due to improved scalability.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your ETHLONG or ETHSHORT tokens to Mettalex's Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap of the band, this market will be automatically settled:

  • If you hold ETHLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the ETHLONG token (in red letters);

  • Alternatively, If you hold ETHSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the ETHSHORT tokens.

Oracle source: Chainlink

Network: Ethereum and Binance Smart Chain

4. FOREX AND INDICES

BRITISH POUND (x1000)

The British pound sterling is the official currency of the United Kingdom, the British Overseas Territories of South Georgia, the South Sandwich Islands, and British Antarctic Territory and the U.K. crown dependencies the Isle of Man and the Channel Islands. Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.

How to trade?

  • Buy the GBPLONG token if you believe in an appreciation of the Pound Sterling as the British economy recovers from both the pandemic and Brexit;

  • Buy the GBPSHORT token if you think in a devaluation of the Pound as the Bank of England’s quantitative easing programs established to address the negative economic effects of the pandemic are expanded in the future.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your GBPLONG or GBPSHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap of the band, this market will be automatically settled:

  • If you hold GBPLONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the GBPLONG token (in red letters);

  • Alternatively, If you hold GBPSHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the GBPSHORT tokens.

Oracle source: Chainlink

Network: Binance Smart Chain

FTSE

The Financial Times Stock Exchange 100 Index is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalisation. It is seen as a gauge of prosperity for businesses regulated by UK company law. The index is maintained by the FTSE Group, a subsidiary of the London Stock Exchange Group.

How to trade?*

  • Buy the FTSELONG token if you believe that economic recovery from the effects of the pandemic has already started in the UK and will have a positive effect on the FTSE index price;

  • Buy the FTSESHORT token if you think the top UK companies will continue to struggle and their stock market performance will suffer.

To learn how to buy/sell long or short position tokens, watch this short video.

*Not to be considered financial advice.

Settlement

You can sell your FTSELONG or FTSESHORT tokens to Mettalex’s Autonomous Market Maker at any time before market settlement. If the oracle-reported price breaches the floor or the cap of the band, this market will be automatically settled:

  • If you hold FTSELONG tokens and the cap is breached, you will earn the amount displayed when opening the position (in green letters). If the floor is breached, you will lose the amount you used to buy the FTSELONG token (in red letters);

  • Alternatively, If you hold FTSESHORT tokens and the floor gets breached, you will earn the amount displayed when opening the position (in green letters). If the cap gets breached, you will lose the tokens you used to buy the FTSESHORT tokens.

Oracle source: Chainlink

Network: Ethereum