Metronome
  • Metronome Synth
    • Introduction
    • Treasury Management
    • Protocol Owned Liquidity
      • External Liquidity
    • The Metronome Token ($MET)
    • Metronome Synth Protocol
      • Metronome Synth Features
      • Metronome Dashboard
      • Liquidations and Collateral Factors
      • Productive Collateral
      • Supported Assets
      • Synth Marketplace
      • DeFi Ecosystem
      • Metronome Synth Mintage and Deposit Caps
    • Risks
      • Liquidation
      • Black Swan
      • Oracle Disruptions
    • Metronome Revenue Model
    • Metronome Synth Glossary
    • Contracts
  • Smart Farming
    • Introduction
    • How Does it Work?
    • Competitive Advantages
    • Step-by-Step Guide
    • Loopage
    • Auto Repay
    • Risks
    • FAQ
  • Tokenomics
    • esMET
    • Governance
      • Lock MET
        • How to Lock MET
      • Early Unlock
        • How to Unlock MET
    • Trading Fee Discount
  • Contract Overview
    • Liquidation
    • Pool
    • Fees
    • Rewards
  • Metronome 2.0
    • Introduction
    • MET Tokenomics
    • Metronome DAO
      • Voting and Participation
      • Treasury Management
      • Metronome Improvement Proposal (MIP) Template
    • FAQ
    • Glossary
  • resources
    • Official Links
    • Brand Assets
    • Metronome 1.0
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  • Synth Mintage Caps
  • Deposit Caps

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  1. Metronome Synth
  2. Metronome Synth Protocol

Metronome Synth Mintage and Deposit Caps

Synth Mintage Caps

The mintage cap for each synth is calculated by combining the maximum mintage of all like-asset collaterals associated with the synthetic asset in question. However, it is important to note that the actual cap may be lower during the initial ramp up phase and is subject to the discretion of the Metronome maintainers. The actual cap will be influenced by open market liquidity.

The formula for determining msUSD mintage cap for example would be as follows:

Max msUSD = (USDC deposit cap * CF) + (FRAX deposit cap * CF) + (DAI deposit cap * CF) + (vaUSDC deposit cap * CF) + (vaFRAX deposit cap * CF)

Deposit Caps

Deposit caps restrict the amount of any one collateral that can be deposited on the Metronome Synth application. These numbers are expected to increase over time.

Asset
Deposit Caps

USDC

10,000,000

DAI

10,000,000

FRAX

9,000,000

ETH

4,286

WBTC

311

vaFRAX

7,000,000

vaUSDC

8,000,000

sfrxETH

3,333

vaETH

3,190

vastETH

2,857

varETH

2,381

vacbETH

2,381

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Last updated 10 months ago

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