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