Metronome Synth USD

MSUSD Price

About Metronome Synth USD (msUSD)

Metronome Synth USD (msUSD) is a synthetic stablecoin generated within the Metronome ecosystem, designed to provide capital-efficient exposure to the US Dollar.

• Users can mint msUSD by depositing various cryptocurrencies, including yield-bearing tokens, as collateral.
• The asset utilizes LayerZero Omnichain Fungible Token (OFT) technology to enable seamless transfers across multiple blockchain networks.
• Protocol governance is managed by the Metronome DAO, allowing token holders to influence system parameters and asset integrations.

What Is Metronome Synth USD

Metronome Synth USD is a decentralized synthetic asset that tracks the value of the US Dollar. It serves as a core component of the Metronome Synth Engine, a protocol built to maximize the utility of deposited crypto assets. By allowing users to mint stablecoins against yield-bearing collateral, the system enables participants to maintain their underlying investment positions while accessing liquidity for other DeFi activities.

Value within the system flows through the minting and redemption of synthetic assets. Users deposit collateral to create msUSD, which can then be utilized in external decentralized finance protocols for yield farming, lending, or liquidity provision. This mechanism allows the ecosystem to scale as more collateral types and cross-chain integrations are added, increasing the total supply and utility of the synthetic dollar.

What Makes Metronome Synth USD Unique

• Yield-Bearing Collateral Support: Unlike many stablecoins that require idle assets, Metronome allows users to use tokens that are already earning yield as backing for msUSD.
• Omnichain Capability: Built with LayerZero technology, msUSD functions as an OFT, allowing it to move between supported chains like Ethereum, Optimism, and Base without the need for traditional wrapping or bridging.
• Synthetic Engine Integration: As part of a broader suite of synthetic assets (including msETH and msBTC), msUSD benefits from a unified liquidity and collateral framework governed by the Metronome DAO.

What Can You Use Metronome Synth USD for?

1. Value retention: Metronome Synth USD allows users to maintain a digital representation of the US Dollar on-chain, providing a way to hedge against the price volatility of other crypto assets while remaining within the decentralized ecosystem.
2. Yield generation: Users can deploy msUSD in various decentralized lending markets or liquidity pools to earn returns. The source material indicates that the protocol is designed for smart farming, though the source does not specify native yield options such as US Treasuries.
3. Cross-border settlement / value transfer: Utilizing LayerZero's stablecoin infrastructure, msUSD can be transferred globally across multiple blockchain networks with minimal friction, facilitating international movement of US Dollar value.
4. Collateralization: The asset can be used as collateral within other borrowing and lending protocols or as margin for decentralized derivatives, as supported by the source.

How Does Metronome Synth USD Work?

Metronome Synth USD operates through a collateralized debt position (CDP) model. Users lock supported assets into the Metronome Synth Engine to mint msUSD at a specific collateralization ratio. The protocol monitors these ratios to ensure the system remains overcollateralized; if the value of a user's collateral falls below a certain threshold, their position may be liquidated to maintain the stablecoin's backing.

Transaction fees and protocol service fees are paid in the native currency of the underlying blockchain (such as ETH for Ethereum or Base), as msUSD is an application utility token rather than a network gas asset.

Team Info and Investors

The Metronome protocol is governed by the Metronome DAO, which consists of MET and esMET token holders who collectively manage the protocol's development and parameters. While the source notes that the DAO governs the future of the protocol, it does not specify individual founders or a list of private investors.

Where can you buy Metronome Synth USD?

MSUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Metronome Synth USD is Aerodrome SlipStream, where the most active trading pair MSUSD/USDC has a trading volume of $1,537,860.09 in the last 24 hours. Other popular options include Curve (Ethereum) and Aerodrome (Base).

What is the daily trading volume of Metronome Synth USD (MSUSD)?

The trading volume of Metronome Synth USD (MSUSD) is $2,798,718.74 in the last 24 hours, representing a 138.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Metronome Synth USD (MSUSD)?

Metronome Synth USD (MSUSD) reached an all-time high of $3.43 and an all-time low of $0.4279. It’s now trading -74.10% below that peak and 107.80% above its lowest price.

What is the market cap of Metronome Synth USD (MSUSD)?

Market capitalization of Metronome Synth USD (MSUSD) is $45,984,791 and is ranked #527 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MSUSD tokens (52 Million tokens are tradable on the market today).

What is the fully diluted valuation of Metronome Synth USD (MSUSD)?

The fully diluted valuation (FDV) of Metronome Synth USD (MSUSD) is $45,987,435. This is a statistical representation of the maximum market cap, assuming total number of 52 Million ETH tokens are in circulation today.

How does the price performance of Metronome Synth USD compare against its peers?

With a price increase of 0.50% in the last 7 days, Metronome Synth USD (MSUSD) is underperforming the global cryptocurrency market which is up 10.40%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 0.90%.

How to add Metronome Synth USD (MSUSD) to MetaMask?

Adding Metronome Synth USD (MSUSD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import MSUSD as a token. You can copy MSUSD’s contract address (0xab5eb14c09d416f0ac63661e57edb7aecdb9befa) and import it manually, or if you've installed MetaMask's chrome extension, add MSUSD to MetaMask with one click on CoinGecko.

Add MSUSD to MetaMask.