Metronome Synth

Metronome Synth receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. 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.

The key risks identified for Metronome Synth are: (1) 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. (2) 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. (3) At $18M TVL, the protocol is relatively small. Large transactions could have outsized impact on stability.

Metronome Synth scores 34/100 across eight risk dimensions: Mechanism Novelty: 6/15, Interaction Severity: 6/20, Oracle Surface: 5/10, Documentation Gaps: 2/10, Track Record: 3/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 5/10. The highest risk area is Oracle Surface at 5/10.

Among 68 rated DeFi protocols on Hindenrank, Metronome Synth ranks #28 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it in the middle tier of DeFi protocols.

Metronome Synth scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.