MetronomeDAO

Discover the most asset-efficient synthetic protocol on January 10th.OverviewIn October, we unveiled MIP-005, which outlined the development of our first protocol, Metronome Synth. Here is what you need to know:Metronome Synth beta will be launching on January 10th, 2023.Beta will go live on Ethereum Mainnet.You will be able to access the beta app via the Metronome Website.Stay updated as we release launch guides to help our users navigate the app.Beta Details SummaryDuring Synth’s beta perio...

The rise of self-custodial wallets and the shift towards transparency and user control has shown the tides of decentralization ushering in a new age of web3. This latest iteration involves tools that traditionally may have only been available in centralized financial products such as perpetual markets, options, and derivatives like synthetics.An Attractable SolutionThe power behind synthetic cryptocurrencies lies within the permissionless creation and lack of central party risk. Synthetics al...

The oracle problem is centered around the fact that blockchains cannot access or share data with external systems, meaning they are isolated networks. The isolation of a blockchain makes it highly secure and reliable, as the network only needs to agree on a limited set of questions using already stored data. The reason smart contracts are known for their conviction is because of blockchain consensus. This allows them to be executed with a higher level of reliability than traditional systems. ...

With the passing of MIP-015, Metronome is proud to introduce esMET, a refined ve-tokenomics model.OverviewWith the passing of MIP-015, the MetronomeDAO has greenlit the introduction of esMET, a refined vote-escrow tokenomics model for the MET token. This will enable users to lock their MET tokens for periods ranging from one week to two years, granting them various benefits, including the ability to engage in on-chain governance in the near future. Learn more.BenefitsCurrently, $MET serves as...

Synthetic assets aren’t new, however, they have been adapted and changed to fit DeFi. To understand how crypto synths are becoming popular, you must first understand what they are. We explain the details in our blog “Synthetic Assets: The Future of DeFi”. Now having read all about synths, we can dive into why they are becoming so popular.Why are Synthetic Assets Growing in Popularity?Synthetic assets are a very appealing proposition. They allow users from all over the world to hold positions ...

Synthetic technology is quickly redefining the future of DeFi and increasing the efficiency of high-volume traders. Existing synthetic protocols encourage better yield opportunities, increased capital efficiency, and high-volume DEX liquidity. Let’s descend into the depths of crypto’s leading synthetic protocols and see how they are changing the landscape of DeFi.MakerDAOMakerDAO utilizes a multi-collateral staking engine to support the generation of DAI, a synthetic representation of the US ...

OverviewA few months ago, the MetronomeDAO applied for a grant of 149k OP tokens from the Optimism Foundation. Shortly after, the winners were announced, Metronome included. Now with the tokens in hand, we have kickstarted incentives for the new msUSD and msOP pools on Velodrome. This means Smart Farming users will soon be able to utilize their vaUSDC and vaOP positions on the Optimism network (more to come soon), in addition to the existing ETH options. The added liquidity from the OP incent...

Since the launch of decentralized finance in 2018 the space has been evolving fast, making crypto assets more accessible and easy to obtain. When synthetic assets were introduced in traditional markets, it became apparent this was the future, and blockchain developers found a way to incorporate cryptocurrency. However, these new synthetic marketplaces are inherently underdeveloped and littered with problems, such as UI constraints that unfortunately block an asset’s potential. This is where M...

With the rise of DeFi, a new form of governance has emerged specifically designed for decentralized systems. Here, we will explore the role of governance in DeFi, leading protocols, and how it differs from traditional forms of governance.Key Features of DeFi GovernanceOne of the key features of DeFi is its emphasis on community-driven governance. In traditional finance, governance is often centralized, with a small group of people or organizations making decisions that affect the entire syste...

Metronome has relaunched to build the next generation of DeFi protocols, which will be governed by the Metronome DAO. This blog contains a breakdown of the current Metronome ecosystem and how users can get involved. Read on to discover more.MET DAOUpon the release of Metronome 2.0, the operating structure was transitioned to a DAO. Metronome DAO incorporates community tools in order for users to easily carry out governance tasks. This structure allows token weight to speak for the future of t...

A look at the new tokenomics proposal for MetronomeTL:DRMetronome has accomplished a lot this year, and we’re just getting started.The tokenomics landscape has come a long way since 2020 with lots of new models to explore.Metronome will introduce esMET, a concept inspired by other popular vote-escrow models where holders unlock a range of additional benefits.Next steps.Through the Rearview MirrorThe past year has been an exciting time, filled with milestones and challenges, all of which have ...

Decentralized Finance, often referred to as DeFi, was created to eliminate the need for centralized intermediaries. With the foundation already established through Bitcoin’s design, Ethereum was able to enter the ecosystem and provide the required architecture needed for true decentralization. The Evolution of DeFi The evolution of DeFi didn’t just happen overnight, it took place in multiple waves. For this to occur, projects needed to carefully identify gaps in the market and create solution...