Metronome Synth

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.*

**Metronome Synth has partnered with Lithos on the Plasma network**, launching a new msUSD/USDT0 liquidity pool. **Key Features:** - Part of the Genesis Program - Users can earn **points, fees, and rewards** - Pool is now live and operational **Additional Plasma Activity:** The network is seeing increased DeFi activity with Pendle USDe Principal Tokens also going live, offering enhanced rewards for participants. **What This Means:** The integration expands synthetic asset opportunities on Plasma while providing multiple earning mechanisms for liquidity providers.

The long-awaited oBUNNI incentives program has officially launched. This marks a significant milestone in the protocol's development and reward structure. - Program is now live and accepting participants - Users can start earning rewards through the incentives system - Full details of the incentive structure are available *Note: This represents a key expansion of the protocol's tokenomics and user rewards framework.*

Metronome DAO has completed a 125,000 MET token buyback as part of its revenue share initiative. The tokens will be distributed to esMET lockers through a streaming rewards system. Key details: - Lock ratio: 1 MET = 15 esMET (lock periods 1 week to 2 years) - Current max APR: 833% for longest locks - Rewards stream continuously for 30 days - Monthly buyback refreshes Users can lock MET at [app.metronome.io/eth/lock-met](https://app.metronome.io/eth/lock-met). Manual claims available via Etherscan until frontend integration is complete.

Metronome Synth announces strategic partnership with Hemi to enhance cross-chain DeFi capabilities. Key features of the integration: - Multi-collateral support across Bitcoin and Ethereum networks - Synthetic asset minting functionality - Smart Farming opportunities - Enhanced security through Hemi's modular protocol The partnership leverages Hemi's cross-chain architecture, featuring superfinality and secure asset transfer capabilities between Bitcoin and Ethereum networks.

Morpho Markets has launched a new msETH market on Base network in collaboration with Origin Protocol. Key features include: - 94.5% LTV ratio for superOETHb collateral - Initial liquidity of 200 msETH, scaling to 1,000 msETH - Currently lowest borrow APY among Morpho markets - Deep liquidity available on Aerodrome Users can now leverage superOETHb against msETH borrowing, with supply allocated from the Gauntlet-curated Metronome msETH Vault. Contango will soon enable one-click leverage with up to 18x on Super OETH. This marks Metronome's first external market on Base and implements the second Direct Deposit expansion from MIP-24.