Revenue Share

esMET Revenue Share Details

Overview

During 3/10/25 - 3/13/25, the MET DAO voted to approve a revenue share program that distributes MET to esMET holders via buybacks funded by protocol revenue. This initiative ties the benefits of holding and locking MET directly to Metronome’s performance.

By locking MET to receive esMET, participants gain governance rights, trading discounts, and now also earn a share of revenue-backed MET buybacks. The more esMET you hold, the larger your share of the distributed rewards.

How It Works

  1. Revenue Allocation A portion of protocol revenue is allocated to buy MET on the open market.

  2. Distribution The purchased MET is streamed proportionally to all esMET holders based on their share of the total esMET supply.

  3. Variable Rate The monthly buyback amount is variable and set by the MET DAO, initially targeting $25,000 – $100,000 USD worth of MET per month. Governance will review and adjust this amount quarterly.

Locking MET to Receive esMET

To participate in the revenue share, you must lock MET to receive esMET. Lock MET here or view our guide on how to lock.

  • Lockup Multiplier:

    • 1 week lock = 1 esMET per MET locked (minimum)

    • 2 year lock = 5 esMET per MET locked (maximum)

You can view the total supply of esMET here.

Claiming Rewards

At present, the frontend claim interface is not yet available. You can either wait for the UI integration or claim directly from the contract:

To claim directly:

  1. Go to the esMET rewards contract.

  2. Click "Contract" then "Write as Proxy".

  3. Connect your wallet.

  4. Use Write Function #3: claimRewards() - input your wallet address in the account field.

  5. Confirm the transaction in your wallet.

To check your claimable amount:

  1. Click "Contract" then "Read as Proxy".

  2. Use Read Function #3: claimableRewards() - input your wallet address in the account field.

  3. The function will return the amount of MET you can currently claim.

Tracking Distributions

You can view the current and historical MET distributions to esMET holders on our DeFiLlama page.

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