According to Wu Blockchain, blockchain security company Blockaid revealed that the synthetic dollar msUSD from Metronome DAO was trading at approximately 11% below its peg value on Ethereum, Base, and Optimism networks at one point. Later, MetronomeDAO released a post-mortem report stating that msETH and msUSD experienced under-collateralization issues. The root cause was the circulation of uncollateralized assets in the synthetic asset swap module, leading to insufficient collateral for some synthetic assets. As of the time of the report, the gap between circulating synthetic assets and corresponding debt positions was approximately 6,367 msETH and 4.57 million msUSD. Metronome explained that the issue stemmed from delays in Chainlink price oracle updates during synthetic asset swaps, which caused cumulative price deviations and resulted in uncollateralized circulation. The team stated that they have established defensive positions using treasury funds, increased transaction fees, and upgraded contract mechanisms. Liquidity providers are not required to take any action. https://(wublock123.com)/news/msusd-depeg-11-percent-synthetic-module-causes-mseth-msusd-undercollateralization-65646