Metal X
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  • DEX
    • What is Metal X?
      • Trading Interface
      • Trading on Metal X DEX
      • DEX fees and discounts
      • Referral program
      • Metal X FAQ
  • Developers DEX
    • Smart Contract
      • Contract Address
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      • Actions
    • Contract Mappings
      • Order Types
      • Fill Types
      • Order Status
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      • Status codes for markets
      • Common Errors
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      • Installation + Initialization
      • Submit DEX Order
      • Cancel DEX Order
      • Order Lifecycle
    • Audit
    • Oracles
  • Swap, Pools & Farms
    • What is Metal X Swap?
      • Trading Interface
      • Swap fees and discounts
      • Liquidity Pools
      • Farming
      • Metal X Swap FAQ
  • Developers Swap
    • Tables
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      • Contracts
      • Audit
  • XPR Network
    • XPR Network & Ecosystem
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    • About
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On this page
  • What is a wrapped asset or token?
  • What is the advantage of an XPR-wrapped token?
  • Learn more about the XPR Network blockchain
  • Metal X Swap FAQ
  • Guides: Get Started On Metal X Swap
  1. Swap, Pools & Farms

What is Metal X Swap?

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Last updated 1 year ago

Metal X Swap is an automated market maker (AMM) that allows users to instantly swap XPR Network-based tokens between each other. Users also have the ability to convert supported tokens from different blockchains to XPR Network-based tokens and vice versa. For example, using Metal X Swap, a user can swap XBTC for XUSDT, or convert ETH to XETH before trading it for XPR.

This allows seamless transactions between blockchains due to the speed and flexibility of the XPR Network blockchain. The more liquidity that exists between the pair of tokens being swapped, the lower the slippage will be.

What is a wrapped asset or token?

A wrapped token is an asset hosted on a different blockchain with a price that is the same as the underlying asset, even if it’s not on the same blockchain. A wrapped token holds the identical value to another asset that it represents, either through a smart contract or by being backed one-to-one with the underlying asset.

What is the advantage of an XPR-wrapped token?

When a token becomes wrapped and converted to the XPR Network, it enjoys every benefit that native XPR Network tokens enjoy. That means instant transaction times, industry-low gas fees, and so much more. For example, while it’s nearly impossible to send one satoshi of regular BTC due to the gas fees associated with that blockchain, one satoshi of XBTC can easily and rapidly be sent to other wallets. This same logic applies for other Proton-wrapped tokens as well.

Learn more about the XPR Network blockchain

Learn more about the XPR Network and ecosystem in our overview.

Metal X Swap FAQ

Check out the most frequently asked questions here with answers.

Guides: Get Started On Metal X Swap

Follow our handy guides to get started:

XPR Network & Ecosystem
Metal X Swap FAQ
Swaps
Pools and farming