MetalX
AuditedEstablishedPast ExploitMetalX is the DeFi venue of XPR Network, combining a Compound-V2-style lending market, an AMM with farms and a gas-free order-book DEX over Metallicus-wrapped cross-chain assets.
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The Problem
Retail users on smaller chains are priced out of DeFi by gas costs and shut out of lending by KYC-heavy centralised alternatives, while most non-EVM chains have no credible money market at all.
The Solution
MetalX runs a full Compound-V2-style over-collateralised lending market, an AMM with farms and an order-book DEX on XPR Network, where transactions cost users nothing in gas, and bridges major assets in as wrapped xTokens so they can be supplied, borrowed against and traded in one place.
Why it Matters
Compliance-first DeFi from a named, decade-old US operator: Metallicus runs the chain, the wallet (WebAuth, biometric self-custody), the fiat on-ramp and the protocol as one vertically integrated stack, with an advisory board of former banking regulators - and it reimbursed users in full out of company funds after the 2024 exploit.
Protocol Metrics
Related Research
View allFrequently asked questions about MetalX
What is MetalX?+
MetalX is a Lending protocol operating on XPR Network. MetalX is the DeFi venue of XPR Network, combining a Compound-V2-style lending market, an AMM with farms and a gas-free order-book DEX over Metallicus-wrapped cross-chain assets.
How does MetalX work?+
MetalX runs a full Compound-V2-style over-collateralised lending market, an AMM with farms and an order-book DEX on XPR Network, where transactions cost users nothing in gas, and bridges major assets in as wrapped xTokens so they can be supplied, borrowed against and traded in one place.
Is MetalX safe?+
DeFi Sentinel rates MetalX BBB with a safety score of 65/100, indicating moderate risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. MetalX has 3 audits on record. DeFi Sentinel's analysis flagged 3 high, 4 medium, 6 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of MetalX?+
MetalX has a DeFi Sentinel safety score of 65/100 (rating BBB), last updated September 16, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does MetalX support?+
MetalX is deployed on XPR Network.
Has MetalX been audited?+
Yes. MetalX has 3 audit reports on record from firms including PeckShield (Proton Lend / lending.loan, report #2021-159), PeckShield (Proton Swap / proton.swaps, report #2020-132), SlowMist (Metal X DEX / CLOB contracts). Audit reports and dates are linked under the Resources tab on this page.