MetaLeX Labs has launched its Cybernetic Law Token Exchanger (CyTE), a peer-to-peer ERC20 token exchange platform designed for on-chain legal agreements. The code and underlying primitives for CyTE have been open-sourced, providing transparency and accessibility for developers. The application integrates immutable deal terms and execution through a specialized Ricardian Tripler, facilitating noncustodial escrowed token exchange deals. The launch is seen as a significant advancement for MetaLeX, enhancing its offerings in decentralized finance and legal technology. Developers involved in the project highlighted the optimization of smart contracts for peer-to-peer and over-the-counter token transactions on Ethereum Virtual Machine (EVM) networks. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
