Tokenized commodity-derivatives on Binance Smart Chain

On the Mettalex dex, by Fetch.ai, you can trade with tokenized commodities. The team will launch its smart contracts on the Binance Smart Chain. So actually, we witnessed as the defi conquer new territory, because couldn’t trade on it with commodities before.

The BSC blockchain works a similar way to Ethereum, you can deploy dapps, smart contracts. The dex itself works as other AMM, pool-based liquidity exchanges, like Uniswap. We don’t know yet, the tokens will refer to dollar-denominated value, or will represent the underlying asset. In the announcement, there is a sentence about psychical asset holders, so it’s possible to settle with true ownership.