Metronome DAO Synthetic US Dollars msusd The trading price once fell by about 11% below the anchored value
2026-07-31 07:05:04
According to CoinMeta, blockchain security firm blockaid stated that the trading price of Metronome DAO’s synthetic US dollars msusd on the Ethereum, Base, and Optimism networks was once about 11% lower than the anchored value. Subsequently, Metronome DAO released a post-event review stating that there were issues with insufficient collateral for mseth and msusd, due to uncollateralized assets circulating within the synthetic asset exchange module, which resulted in some synthetic assets lacking adequate collateral. As of the time of the review, the gap between the amount of synthetic assets in circulation and the corresponding debt positions was approximately 6,367 mseth and 4.57 million msusd. Metronome indicated that the problem stemmed from a delay in the update of the price predictor Chainlink during the execution of synthetic asset exchanges, leading to a cumulative deviation in transaction prices and an uncollateralized circulating volume. The team mentioned that they have established defensive positions using treasury funds, increased transaction fees, and upgraded the contract mechanism, and that liquidity providers do not need to take any action.
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