Lending · Review
ActiveMetalX Lending Review 2026: XPR Network DeFi Lending
MetalX Lending is a DeFi lending protocol on XPR Network, part of the wider Metal X platform. It holds about $33.5 million in TVL, though rates and risk parameters are not published publicly reviewed.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.3/10
Mixed
Our verdict on MetalX Lending
6.3/10MetalX Lending suits users already on XPR Network who want to earn interest or borrow against crypto within the Metal X ecosystem. Its strengths are a multi-year listing, about $33.5 million in TVL and two listed audits. The main caveat is limited published detail on rates, collateral rules and risk parameters, plus reliance on a single smaller chain. Read the documentation and audits before depositing.
Score breakdown
How MetalX Lending scores
- Security
- 6.0/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- 6.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is MetalX Lending?
MetalX Lending is a DeFi lending protocol powered by XPR Network, and it belongs to the broader Metal X platform. The Metal X homepage describes swaps, farming, liquidity pools, bridges and fiat integration aimed at advanced traders.
DefiLlama tracks it on the proton chain with roughly $33.5 million in total value locked, down about 1.5% over seven days. It has been listed since March 2022 and shows two audits and a LOAN token.
How MetalX Lending works
MetalX Lending is a pooled lending protocol. Users deposit assets into a shared pool and earn interest from borrowers. Borrowers lock collateral and take out loans from the pool, usually up to a set share of their collateral's value.
If a borrower's collateral drops too far in value, the position can be liquidated to repay the debt and protect lenders. Rates typically adjust with supply and demand. The exact parameters for MetalX Lending are not public reviewed.
The protocol runs on XPR Network, and DefiLlama lists a LOAN token associated with it.
5 features
Key features
01
Pooled crypto lending
A DeFi lending protocol where users can supply assets and borrow against collateral, as described by DefiLlama.
02
XPR Network native
The protocol is powered by XPR Network, listed as proton on DefiLlama.
03
Part of Metal X suite
The Metal X homepage describes swaps, farming, liquidity pools, bridges and fiat integration alongside lending.
04
LOAN token
DefiLlama lists a LOAN token tied to the protocol, though its specific utility is not detailed publicly.
05
Audits listed
DefiLlama lists two audits for the protocol and shows it has been tracked since March 2022.
Pros and cons
What we like
- About $33.5 million TVL suggests meaningful usage on its chain
- Listed on DefiLlama since March 2022, giving it a multi-year track record
- Two audits are listed by DefiLlama
- Integrated into the Metal X suite with swaps, farming, bridges and fiat access
- Native to XPR Network, which suits users already in that ecosystem
Watch out for
- Runs only on XPR Network (listed as proton), so liquidity and asset choice depend on one smaller chain
- Interest rates, collateral factors and liquidation parameters are not stated publicly reviewed
- Only a brief protocol description is available, with no team or governance detail
- Two audits are listed by DefiLlama, but the auditors and findings are not named publicly
- Lending carries liquidation and smart-contract risk, and the LOAN token adds price exposure
MetalX Lending fees
Fee details are not published publicly reviewed. That includes borrow and supply rates, any protocol reserve factor, liquidation penalties and network costs.
Users would normally see current rates and any fees in the lending app before confirming a transaction. Check the official site and documentation for the parameters on each asset.
Is MetalX Lending safe?
DefiLlama lists two audits for MetalX Lending, but the auditors, dates and findings are not public reviewed. Lending is non-custodial in design, which means funds sit in smart contracts rather than with a company, but that exposes users to contract bugs, oracle problems and liquidation risk.
No incidents are mentioned publicly reviewed. Regulatory status is not stated. Only use funds you can afford to lose and review the audit reports yourself.
6 steps
How to get started with MetalX Lending
- 1
Read the official documentation and any audit reports to understand how the protocol works and what the risks are.
- 2
Set up an XPR Network wallet that supports the Metal X apps.
- 3
Fund the wallet with assets on XPR Network, using the platform's bridge or fiat options if needed.
- 4
Open the lending app and review supply rates, borrow rates and collateral requirements for each asset.
- 5
Start with a small deposit, and if borrowing, keep a wide margin above the liquidation threshold.
- 6
Monitor positions regularly, since rates and collateral values change.
Who MetalX Lending is for
MetalX Lending is for XPR Network users and DeFi participants who want lending and borrowing inside the Metal X platform. It is less suited to people who want multi-chain liquidity, or who need detailed published risk parameters before using a protocol.
MetalX Lending FAQs
What is MetalX Lending?
MetalX Lending is a DeFi lending protocol powered by XPR Network. Users supply crypto assets to earn interest or borrow against collateral, and it is part of the Metal X platform.
Which blockchain does MetalX Lending use?
DefiLlama lists it on the proton chain, which is the XPR Network. Public sources reviewed do not mention any other chains.
Does MetalX Lending have a token?
DefiLlama lists a token called LOAN for the protocol. Public sources reviewed do not describe its exact utility, supply or distribution, so check the official site before relying on it.
Is MetalX Lending audited?
DefiLlama shows two audits listed for the protocol, but the auditors and findings are not given publicly reviewed. An audit reduces risk but does not remove it, so users should read the reports and only risk what they can afford to lose.
What are the interest rates on MetalX Lending?
Interest rates are not published publicly reviewed. In pooled lending protocols, rates generally move with supply and demand for each asset, and current figures should appear in the app.
Compare
MetalX Lending alternatives
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
Aave V3 is a non-custodial DeFi lending protocol on 21 chains where users earn interest on deposits or borrow against collateral.
Dolomite is a multi-chain DeFi money market for lending, borrowing and leveraged strategies across 1,000+ assets, with its own DOLO token.
Compound V3 is a lending protocol on Ethereum and nine other chains where users supply a base asset for yield or borrow it against collateral.
SparkLend is a stablecoin lending market on Ethereum and Gnosis with governance-set rates, backed by Sky's Liquidity Layer, for borrowers and savers.
Save, formerly Solend, is a Solana lending and borrowing protocol where users earn interest on deposits or borrow against collateral.
Same category
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Euler V2 is a modular DeFi lending protocol for lenders, borrowers and market curators, with about $268M TVL across 16 chains.
Morpho is a decentralized lending protocol with isolated markets, curated vaults and fixed-rate loans for crypto lenders, borrowers and developers.
Kamino Finance is a Solana DeFi protocol offering lending, automated liquidity vaults and leverage tools for users seeking on-chain yield.
Aave V4 is a modular, non-custodial lending protocol using a hub-and-spoke design, for users who want to earn on or borrow against crypto.
Venus Core Pool is a multi-chain DeFi money market where users supply crypto to earn interest or borrow against collateral, with about $1.18B in TVL.
Kamino is a Solana DeFi protocol with a lending market, automated concentrated liquidity vaults and an intents-based swap, for yield-seeking on-chain users.
Same chain
More on Proton
Bitget is a centralized exchange for crypto spot and futures that also offers tokenized stocks, commodities and forex in one account, for active traders.
Gate US is the US-incorporated arm of the Gate crypto exchange, a centralized platform for American individuals and institutions.
Alcor Exchange is a non-custodial, no-KYC DEX with order books, pools and a bridge for traders on WAX, XPR Network, Telos and Vaulta.
MetalX Swap is the zero-gas token swap and liquidity pool feature of Metal X, a DeFi app on XPR Network, for users trading XPR ecosystem assets.
SimpleDEX is a small, new decentralized exchange on XPR Network for token swaps, liquidity provision and token launches.
Metal X Dex is a decentralized exchange on XPR Network offering swaps, liquidity pools, farming, bridges and fiat integration for DeFi traders.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.