Metronome DAO Executes 125K MET Buyback, Launches Rewards Program

Metronome is removing support for Legacy FRAX as collateral following Chainlink's decision to sunset FRAX price feeds. **Key Actions Required:** - Users must withdraw their FRAX positions to avoid liquidation - Loan-to-value (LTV) ratios will be gradually reduced over the coming weeks - This change affects Legacy FRAX only **Background:** This follows a similar pattern from May 2024 when Frax Finance deprecated the OHM-FRAX Fraxlend pair after Chainlink announced plans to deprecate the OHMv2/ETH price feed. In that case, the market was paused and users were urged to withdraw funds and pay down debt positions. The deprecation is a technical necessity - without reliable price feeds from Chainlink, the protocol cannot safely maintain FRAX as collateral. Full details and support available on [Metronome's Discord](https://discord.com/invite/metronome).

**Metronome Synth assets expand trading options** msUSD and msETH have been whitelisted and are now live on Pendle Finance's Mainnet, enabling users to swap these synthetic assets on the platform. **Key details:** - Both msUSD and msETH are now accessible for trading - Integration is live on Ethereum Mainnet - Expands liquidity options for Metronome Synth users This follows previous integrations of Metronome assets, including mUSD's whitelisting on KyberSwap in September 2025.

Metronome has published its **October performance report**, providing detailed insights into the synthetic protocol's monthly metrics and highlights. The report covers key performance indicators and protocol developments from October, continuing the platform's regular monthly transparency updates. - Monthly performance data and analytics - Protocol highlights and key metrics - Detailed breakdown of October activities This follows previous monthly reports that track the multi-collateral synthetic asset platform's progress and user engagement. [Read the full October report](https://mirror.xyz/0xBec0eE60106bc452e8182391169b5D7872d875Eb/Rvg3noHb0z9Z9N-6kUBX7p53zVgNpWGOwqlguZ9lF1k)

**Metronome hits major milestone** with aggregated TVL reaching ~$63.5M, positioning it as the #2 largest synthetics protocol by total value locked. **Key details:** - DeFiLlama currently lists Metronome at #3 - The discrepancy stems from excluded 3rd party collateral on Morpho - Including all collateral would place Metronome at #2 among synthetic protocols **Platform access:** Users can explore the protocol at [app.metronome.io/eth](https://app.metronome.io/eth) This represents significant growth from the nearly $17M TVL reported in Q1'24, demonstrating strong adoption in the synthetics space.

Metronome has published its **September monthly report**, providing insights into protocol performance and key developments. The report continues the synthetic protocol's new series of **monthly updates** that began in August, offering transparency into operational metrics and highlights. - Protocol performance data for September - Key developments and milestones - Ongoing updates from the multi-collateral synthetic asset platform Read the full September report: [Metronome Monthly Report](https://mirror.xyz/0xBec0eE60106bc452e8182391169b5D7872d875Eb/9EDdD6-9INhkORXe58YqyCIlTRUWnSlcPh1y1gQgsQc) *Stay informed on Metronome's progress in synthetic asset creation and zero-slippage swapping capabilities.*