As previously discussed on this forum, on our official X account and on the official blog, Metalswap has been officially rebranded as Denaria.
Here is a recap of all the majors TempCheck and MIP DAO votes:
- TempCheck “Should MetalSwap be Rebranded to Denaria?”
- TempCheck “Should MetalSwap Deploy a Perpetual DEX?”
- Onchain DAO Vote → MIP-6: “Should Denaria Complete a Token Swap Operation?
- Onchain DAO Vote → MIP-7 Should Denaria Protocols Migrate DAO Governance from $XMT to a New Token?
- Onchain DAO VOTE → MIP-8: “Should Denaria Deploy Its Perpetual DEX on Linea L2?”
Based on that, today, we formally announce the rebrand of the governance forum.
The current forum at https://gov.metalswap.finance/ will be sunset, and governance discussions will migrate to the new forum: https://gov.denaria.finance/
Before outlining the next steps, we would like to provide some context.
Denaria Overview
Denaria is developing an innovative perpetual DEX that leverages a dynamic virtual AMM, enabling traders and liquidity providers to gain market exposure with leverage of up to 15×.
Denaria is currently live on Linea in an Mainnet beta phase, restricted to a limited group of traders. Access will soon be expanded to a broader community.
More info about the perpetual architecture and what is being developed over the months can be found in the official docs → https://docs.denaria.finance/
Development Progress
Reaching this stage of development required several iterations.
Denaria initially began as an off-chain demo, with the objective of designing the trading engine and building an initial UX prototype.
Subsequently, the protocol was deployed on the Linea Sepolia testnet to validate the smart contracts powering the trading engine. During this phase, key parameters such as fees, funding rates, slippage, liquidation mechanics, and other core variables were thoroughly optimized.
A few weeks ago, Denaria was deployed on Linea mainnet, and the team began testing the dApp with real liquidity and real trading activity.
At the time of writing:
- Approximately 50 traders have been onboarded
- More than $100,000 in trading volume has already been processed
Forum Migration
This forum will be sunsetted in the coming days and replaced by the new Denaria forum, available at: https://gov.denaria.finance/
We strongly encourage all community members to join the new forum and actively participate in discussions. Community feedback is particularly valuable at this critical stage of Denaria’s development.
Token and Token Swap
Discussions regarding the token swap process will take place after Denaria perpetual DEX is fully open and operational on Linea.
Support
For any questions or proposals, community members are invited to open a topic on the new forum.
Thank you for your continued support and collaboration.
The MetalSwap Team