Metronome Synth

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).

**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.*

**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.