> For the complete documentation index, see [llms.txt](https://docs.metalx.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.metalx.com/swap-pools-and-farms/what-is-metal-x-swap.md). # What is Metal X Swap? 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. {% content-ref url="/pages/A7H4BNmc28m4vCeKMiQ9" %} [XPR Network & Ecosystem](/xpr-network/xpr-network-and-ecosystem.md) {% endcontent-ref %} ## Metal X Swap FAQ Check out the most frequently asked questions here with answers. {% content-ref url="/pages/fXrT0NdrymYjyDmDXxil" %} [Metal X Swap FAQ](/swap-pools-and-farms/what-is-metal-x-swap/metal-x-swap-faq.md) {% endcontent-ref %} ## Guides: Get Started On Metal X Swap Follow our handy guides to get started: * [Swaps](https://help.proton.org/hc/en-us/sections/8000609730839-Swap-and-OTC) * [Pools and farming](https://help.proton.org/hc/en-us/sections/8000567613079-Pool-Farming-and-Staking) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.metalx.com/swap-pools-and-farms/what-is-metal-x-swap.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.