Proton DEX revolutionizes DeFi with true decentralization that puts customers in control of digital assets at all times

By removing the middleman from centralized exchanges, Proton DEX offers DeFi users enhanced capabilities for trading digital assets in a non-custodial environment

SAN FRANCISCO, November 16, 2022–(BUSINESS WIRE)–Metallicus, a leader in digital asset and blockchain technologies, today announced the launch of its decentralized exchange Proton (DEX), a peer-to-peer marketplace that connects buyers and cryptocurrency vendors with each other while ensuring that users retain control of their digital assets and private keys. This announcement marks an important milestone change in the cryptocurrency landscape, especially following the collapse of FTX.com, as users are actively looking for methods to trade assets securely without the need for intermediaries. Proton DEX effectively removes the middleman risk posed by centralized exchanges (CEX) and lending platforms.

“Proton DEX puts true decentralization into DeFi,” said Marshall Hayner, Founder and CEO of Metallicus. “You are in control of your cryptocurrency at all times, which eliminates the threat that an intermediary can hold funds from you. You have to wonder why you would ever trade on a centralized exchange again when there is a fully decentralized exchange with zero gas fees and decentralized identity verification.”

By building this DEX on the Proton blockchain, users will have access to a ledger that can perform over 4,000 transactions per second, while using an extremely low amount of energy that ensures the future of DeFi is environmentally sustainable. This allows customers to maintain full control of their coins with access to their private keys while simultaneously having access to the power of a centralized exchange.

In addition to using self-executing smart contracts to remove custodial functionality from centralized exchanges, Proton DEX users will be able to access a host of features related to Metallicus’ WebAuth.com crypto wallet, which uses secure web-based authentication. on FIDO. .

Some of these features include:

  • Spot Trading – Limit Orders, Market Orders, Stop Loss, Take Profit

  • DeFi Lending/Borrowing

  • Yield farming

  • Integration of all major cryptocurrencies

  • Over-the-counter negotiation

  • No gas charges

  • Instant 0.5 second blockchain transactions

“Creating a better and safer system that customers and regulators can trust is paramount as crypto and Web3 increasingly interact with regulated finance,” Marshall continued. “The transparency, security, and on-chain verified identity enabled by Proton DEX furthers Metallicus’ commitment to a world where digital assets and DeFi merge seamlessly with other financial services.”

Proton DEX will launch with a decentralized stablecoin index, Metal Dollar or $XMD, which runs on the Proton Blockchain and will soon be available on other chains. Metal Dollar ($XMD) is the world’s first basket of non-algorithmic stablecoins established by the industry and backed by bank reserves, is powered by a smart contract on the Proton blockchain and will be governed by the Metal DAO ($MTL).

Currently, the stablecoin basket consists of USDC, BUSDC, TUSD, USDP, all reserve-backed stablecoins. Proton DEX users will be able to mint XMD for the Proton DEX on metaldollar.com.

Designed to seamlessly interact with Web3 and regulated finance, Proton DEX reinforces Metallicus’ commitment to its overarching goal of providing users with reliable, secure, and transparent tools that enable everyday digital transactions.

About Protondex.com

For the launch of Proton DEX, Metallicus migrated all dApps on protonswap.com to the new trading house on Proton Blockchain, protondex.com, which has an easy to remember URL.

Proton DEX is truly a one-stop-shop for everything clients might need for crypto trading on Proton Blockchain. Whether users are looking to instantly swap tokens with no gas fees, add liquidity pools and farms to earn rewards, or simply earn variable APY on their USDC balances in Proton Loan, protondex.com has them covered.

About Metallicus

Founded in 2016 in San Francisco, Metallicus believes that simple regulation, security, identity, and customer experience are essential to integrating and scaling the uses of digital assets and cryptocurrencies in financial services and economic activities. Metallicus builds compliant and secure technologies where banking, payroll, and other financial and economic activities merge seamlessly with the world of cryptocurrencies, blockchain, DeFi, and Web3. The company’s flagship products include Metal Pay and WebAuth mobile apps as well as Proton Blockchain, the only blockchain with verified decentralized identity. Learn more at www.metallicus.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221116005877/en/

contacts

Metallicus Marketing Contact
Will Cleaver
[email protected]

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