PANews|Jul 31, 2026 01:06
[MetronomeDAO's msUSD Temporarily Deviates 11% from Peg Due to Under-Collateralization Issue in Synthetic Asset Module]
According to monitoring by Blockaid, the trading price of MetronomeDAO's Synth USD (msUSD) on Ethereum, Base, and Optimism once dropped approximately 11% below its pegged value. Subsequently, MetronomeDAO released a post-mortem report stating that its synthetic asset swap module had an under-collateralization issue, resulting in approximately 6,367 msETH and 4.57 million msUSD lacking sufficient asset backing, with the impact primarily concentrated in this module. The report pointed out that the issue stemmed from delays in the Chainlink price oracle during swap execution, and Metronome's fee design failed to adequately account for this variable, particularly exacerbated on the Base chain.
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