Metronome Opens Voting on Three Governance Proposals
Metronome Opens Voting on Three Governance Proposals
⚖️ Vote closes Sunday
Metronome has opened voting on three improvement proposals, closing July 13.
Key proposals:
- MIP-31: Introduces dynamic revenue sharing that scales with protocol growth, replacing the fixed monthly cap system
- MIP-32: Establishes formal treasury reporting standards and classifications
- MIP-33: Settles outstanding rewards from the governance participation campaign approved in MIP-25
The proposals aim to improve existing frameworks based on protocol growth and community feedback. MIP-31 adds a reserve mechanism to smooth reward distributions over time, while MIP-32 builds on existing transparency tools to create clear reporting standards.
MIP-32 formalizes how treasury reporting and management is approached. While transparency has improved considerably through tools like @DefiLlama and @OctavFi, this proposal establishes a clear framework for reporting standards, treasury classifications, and the intended role of
Three new Metronome Improvement Proposals (MIPs) are now live for community discussion. This round of governance focuses on improving existing frameworks based on the protocol's growth and feedback from the community 👇
MIP-33 closes the loop on the governance participation campaign originally approved in MIP-25. Rather than leaving the outstanding rewards unresolved, the proposal settles eligible participants for the period before revenue sharing was introduced and formally concludes the
MIP-31 evolves the existing buyback-and-distribute program to better reflect how the protocol operates today. Instead of being constrained by a fixed monthly cap, buybacks would become dynamic, enabling rewards to scale alongside protocol growth while introducing a reserve
Voting is now live for three new Metronome Improvement Proposals (MIPs). - MIP-31: Dynamic esMET Revenue Share Framework - MIP-32: Treasury Reporting Standards - MIP-33: Governance Participation Settlement Voting closes July 13, get involved 👇
msETH/WETH Market Launches on Tangent Finance
A new msETH/WETH lending market has gone live on Tangent Finance. **Key Details:** - The market enables users to lend and borrow against msETH and WETH pairs - Follows previous market launches including the xUSD/msUSD market on Euler Finance's Plasma - Expands DeFi opportunities for Metronome users This integration provides additional liquidity options for msETH holders within the Tangent ecosystem.
Plasma Liquidity Pools Refreshed with New Incentives
**Liquidity incentives have been replenished** for msUSD and msETH pools on Plasma, offering attractive yields for providers. **Current APR rates:** - msUSD pool: ~16.9% APR - msETH pool: ~10.21% APR - Additional fees apply These rates represent a decrease from March 2026, when msUSD offered ~23% APR and msETH provided ~19% APR through the Oku Trade integration. Users can earn passive income by providing liquidity to these synthetic asset pools.
🔄 Liquidity Incentives Refreshed for msUSD and msETH Pools on Plasma
Metronome Synth has replenished incentives for its msUSD and msETH liquidity pools on Plasma through Oku Trade. **Current Yields:** - msUSD pool: ~23% APR - msETH pool: ~19% APR - Additional trading fees apply Liquidity providers can earn these returns by depositing assets into the respective pools. This follows previous incentive programs, including the launch of msUSD/USDT0 and msETH/WETH pools earlier this month, which offered higher initial yields of ~68% and ~36% APY respectively. The ongoing incentive program aims to strengthen liquidity depth on the Plasma network for Metronome's synthetic assets.
🏦 Stake DAO Launches frxUSD Vault on Morpho with Multi-Protocol Incentives
Stake DAO has launched a new frxUSD curated vault on Morpho, offering lending opportunities against Curve Finance OnlyBoost LP collateral. **Key Details:** - Bootstrapping incentives provided by Metronome, Frax Finance, and Stake DAO - Current APY: 11% - TVL reached $3.3M within 2 days of launch - Collateral includes blue-chip Curve LP positions, such as the Metronome msUSD/frxUSD PegKeeper LP The bootstrapping phase aims to attract early liquidity and establish strong initial yields as the Morpho curated market expands. Users can participate by lending frxUSD against approved Curve LP collateral. [Get started](https://app.morpho.org/ethereum/vault/0xCE13e39534082FCF8f13F6D84e6D95414D14271e/stake-dao-frxusd-v2)