MetronomeDAO

Metronome has received an Optimism grant of 149,000 OP tokensOverviewJust a few months ago, we saw our sister protocol, Vesper, secure an OP grant. Seeing their success, we decided to do the same. Today, we are thrilled to announce that Metronome has received a grant of 149k OP. After wrapping up cycle-13, we are set to take things up a notch with our Synth offerings. So far, we have been solely operating with msETH on Optimism, however, with this grant, we’re expanding. Look out for msUSD an...

Metronome has implemented LayerZero to enable cross-chain capabilitiesOverviewSince launching the Metronome ecosystem, we've been committed to creating more liquidity and optimizing the overall user experience. We first launched on Optimism to speed up transactions and reduce fees. Now, we're pleased to announce we have successfully integrated with LayerZero, a cross-chain messaging protocol that utilizes Omnichain Fungible Tokens (OFTs). Following a thorough audit, this new additio...

A look into how zkSync works and the more technical aspects of zk-rollupsOverviewIntroduction to ZkSyncWhat are Zk Rollups?The Inner Workings of ZkSyncSummaryIntroduction to ZkSyncIf you’re involved in DeFi, you’re likely all too familiar with the challenges of high gas fees and slow transaction times. As Ethereum continues to grow and expand, these issues have become a genuine concern, calling for robust upgrades. One solution that has emerged to address these issues is zkSync. zkSync is a L...

Oracles enable smart contracts to use off-chain data by bringing it on-chainOverviewWhat Are Oracles?How Do Oracles Work?The Importance Of OraclesDifferent Types Of OraclesWhat Are Oracles Used For In DeFi?SummaryWhat Are Oracles?Oracles are an extremely important piece of the puzzle when we’re talking about DeFi — they enable applications to source, verify, and transmit external data on-chain so smart contracts can actually read them. For any dApp trying to keep a pulse on real-world values ...

A look into how Synthetix works and the differences it has to MetronomeOverviewWhat is Synthetix?How Does Synthetix Work?What is Kwenta?The Differences Between Synthetix and MetronomeSummaryWhat is Synthetix?Synthetix is a decentralized liquidity provisioning protocol, designed for generating synthetic assets, currently launched on Ethereum and Optimism. As you may already know, these assets mirror derivatives in TradFi and can function similarly on-chain through the use of smart contracts an...

Omni-chain protocol LayerZero is paving the way for cross-chain interoperabilityIntroductionAs we highlighted previously, LayerZero’s Omnichain Fungible Tokens (OTFs) captured our attention as a potential game changer in the space. This is because DeFi is changing at a rapid pace, evolving towards an omnichain future. Over the past year, we have seen an explosion of Layer 2 solutions, with the most recent addition being Coinbase’s Base, built on the Optimism Stack. But there’s a challenge. Ev...

Metronome is focused on building an ecosystem of next-generation applications to empower decentralization and financial inclusivity Traditional financial institutions have long been the cornerstones of the investment world. However, this model is outdated, and times are changing fast. A new breed of financial applications are cropping up — decentralized, resistant to censorship, and that leverage the power of blockchain. At Metronome, we continue to participate in this revolution, creating ne...

Front-running and MEV are common practices to extract maximum value in DeFiOverviewWhat Is Front-running And MEV?How Do They Work?Notable Instances of MEVPreventing MEVReal World ExamplesSummaryWhat Is Front-running And MEV?Front-running isn’t a new term born from the DeFi world. In traditional finance, particularly the stock market, front-running refers to the act of acting upon prior knowledge of a big incoming purchase. Someone might get wind of this and strategically place their order jus...

Metronome’s latest upgrade ‘Auto Repay’ enables users to unloop positions with the click of a button.OverviewExpanding on the simplicity and efficiency of Smart Farming, Metronome is now happy to introduce Auto Repay, our latest feature that enables users to unloop their positions effortlessly. With Auto Repay, users can easily manage their positions with the click of a button.What is Auto Repay?Auto repay is Metronome’s version of unlooping a position, enabling users to repay with ease. If a...

OverviewIn Metronome Synth, there may be times when you would like to remove collateral or unloop your position in order to change variables. This guide will give a brief overview of how to perform a manual unloop in order to remove your collateral.A Visual GuideTo manually repay and withdraw your position you first will need to acquire the synthetic asset you generated, for this example, we will be using msETH. You can do this by acquiring it via the open market with external assets, or you ...

On July 30th at approximately 2:50pm UTC, Metronome’s msETH-ETH Curve pool was exploited as part of a broader attack on certain Curve pools. This attack was made possible by a vulnerability in the Vyper code compiler through which the pools were deployed. The following outlines the attack as it unfolded and the impact to liquidity providers on the Metronome pool.The Attack at a GlanceA very sophisticated attacker uncovered an exploit taking advantage of a vulnerability in certain Vyper compil...

Velodrome is an Automated Market Maker (AMM) protocol built on Optimism to provide low slippage swaps and deep liquidity.OverviewWhat is Velodrome?How Does Velodrome Work?TokenomicsSummaryWhat is Velodrome?Coming from the creative minds behind veDAO, Velodrome is a Decentralized Exchange (DEX) and liquidity protocol built on Optimism, currently making its mark as a promising option for traders and liquidity providers alike. Learning from the pitfalls of Solidly, Velodrome has carefully integr...