MetalX Lending

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL = only available liquidity (cash held by lending.loan). Borrowed = total variable + stable borrows (outstanding debt). Deposits = TVL + Borrowed, but we report liquidity as TVL per DefiLlama standards.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

MetalX Lending's governance or utility token carries a market capitalisation of 9,8 Mio. $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (9,8 Mio. $) is small relative to deposits secured by the protocol (32,9 Mio. $); a mcap/TVL multiple of 0.30× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 21,2 Mio. $ sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

MetalX Lending is published as a versioned release inside the Metalx protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

MetalX Lending ist eine versionierte Variante einer größeren Protokollfamilie. Öffne das übergeordnete Protokoll für den kombinierten TVL und alle Geschwister-Versionen.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Mar 10, 2022
   Auf DeFiLlama gelistet

MetalX Lending is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Proton. The codebase has been independently audited (1 report on file).

MetalX Lending is a single-chain protocol, deployed exclusively on Proton — this concentrates execution risk but simplifies the trust model. TVL is comparatively balanced across networks: even the largest deployment (Proton) holds only 33% of the protocol's value. Price feeds come from a single oracle provider (TWAP); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (9,8 Mio. $) is small relative to TVL (32,9 Mio. $) — a mcap/TVL ratio of 0.30 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for MetalX Lending — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

MetalX Lending is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure 43,4 Mrd. $ in deposits, giving you a frame of reference for whether MetalX Lending's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL 26,2 Mrd. $ · 24h +0.16%

Morpho V1

TVL 7 Mrd. $ · 24h +0.57%

JustLend

TVL 3,4 Mrd. $ · 24h +1.86%

Maple

TVL 2,4 Mrd. $ · 24h -1.17%

SparkLend

TVL 2,2 Mrd. $ · 24h +3.62%

Kamino Lend

TVL 2,1 Mrd. $ · 24h -0.02%