Is Metronome Synth Safe?
Risk Grade: B- (34/100)
Metronome Synth is rated as moderate risk — some novel mechanisms, generally well-understood.
Moderate risk — innovative productive collateral model creates useful yield-while-borrowing functionality, but cross-protocol dependency on Vesper and small scale increase vulnerability.
Metronome Synth is a synthetic asset protocol with $18M TVL that lets users mint synthetic versions of assets using multi-collateral deposits including yield-bearing Vesper pool shares. Its B- grade reflects novel productive collateral mechanics and oracle-dependent zero-slippage trading, with elevated risk from cross-protocol dependency on Vesper and limited liquidity at current scale.
TVL
$25M
Mechanisms
5
Interactions
4
Value Grade
D
Key Risks for Metronome Synth Users
Metronome allows you to use yield-bearing assets from Vesper as collateral. If Vesper has a problem, your Metronome position could be liquidated. You are exposed to both Metronome and Vesper risk.
Synthetic asset swaps at zero slippage based on oracle prices. If oracle prices are delayed or wrong, traders could exploit the difference at the protocol's expense.
At $18M TVL, the protocol is relatively small. Large transactions could have outsized impact on stability.
Top Risk Factors
- •Metronome Synth enables users to mint synthetic assets using multi-collateral deposits including productive collateral like Vesper pool share tokens, creating layered dependency risk
- •Zero-slippage synthetic asset swaps rely on accurate oracle pricing; delays or manipulation could enable traders to extract value from the protocol
- •Recent 16% TVL decline suggests sensitivity to market conditions at its relatively small $18M scale
Risk Score Breakdown
Metronome Synth's highest risk area is Oracle Surface (5/10). Here's how each dimension contributes to the overall 34/100 score:
Read the Full Metronome Synth Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
View Full Report →Considering an investment?