Metric users can trade, view the order book for the entire 0x network, check their opened positions and past successful trades. All this in a single simplified user interface that only keeps improving.
Metric Exchange and its treasury are governed by $METRIC token. All fees collected by Metric Exchange are distributed to token holders.
In addition, holding of a predefined amount of $METRIC allows for fee-reduced swaps:
Normal swap fee: 0.3%
Discounted swap fee: 0.1% for anyone with ≥200 $METRIC in their wallet.
As a DEX aggregator, Metric gives the best possible rates for every swap by optimising order routing via multiple decentralised exchanges and automated market makers (AMMs). This results in a much lower slippage and gives a better result for the swap.
For example, when the user wants to make a large swap of ETH to USDC, one part of the swap may be filled by Uniswap, another by Sushiswap, and the third by Kyber. All in a single seamless transaction
Metric was launched using the open-source infrastructure developed by 1split (thank you 1inch team!), which supports such exchanges as Uniswap, Kyber, Curve, mStable, Balancer, Shell, Bancor, Oasis, and many more.
Currently it shifted to using 0x API and 0x Protocol v4 for the aggregation logic as well as open decentralized orderbook trading a.k.a limit orders.
Metric is also integrated with KeeperDAO Hiding Book for fee-free and gas-less limit orders, rewarded with additional $ROOK tokens (see the announcement).