Metronome Releases September Monthly Protocol Performance Report

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 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)

Two-week reward distribution is now active through Merkl for liquidity providers. **Available pools:** - msUSD/USDT0 - [View opportunity](https://app.merkl.xyz/opportunities/plasma/CLAMM/0x93957591c5C7aF33afc7F622C03079840660D2d1) - msETH/WETH - [View opportunity](https://app.merkl.xyz/opportunities/plasma/CLAMM/0x7F5E86A423C900e113dd2f6B6366B1265dE59D6b) Rewards will be distributed over a two-week period for participants in these liquidity pools on the Plasma network.

Two new incentivized liquidity pools have launched on Oku Trade: - **msUSD/USDT0**: Currently offering ~68% APY - **msETH/WETH**: Currently offering ~36% APY These pools are part of ongoing efforts to deepen liquidity on Plasma, in collaboration with OdysseyFi. The initiative aims to strengthen the ecosystem's liquidity infrastructure through targeted incentives for liquidity providers.

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).