MetronomeDAO Synthetic USD Slips 11% Below Dollar Peg on Ethereum, Base and Optimism

cryptodeficrypto-markets 3 posts · 3 accounts

MetronomeDAO’s Synth USD (msUSD) traded roughly 11% below its dollar peg across Ethereum, Base and Optimism, settling at $0.9756, a drop of 241 bps from its $1 target. The latest price dislocation, first flagged by data provider Blockaid on July 30, marks the 21st depeg event for the stablecoin and represents its longest recorded stretch to date.

Metronome DAO explained the shortfall stemmed from insufficient collateral in msETH and msUSD triggered by a lagging Chainlink price feed during asset swaps. The protocol identified a deficit of approximately 6,367 msETH and 4.57 million msUSD and stated it would cover the gap using treasury reserves, higher swap fees and contract upgrades. Previous price failures for the asset averaged just one hour.

From the sources (3 posts)

@iamrahulinc

🚨𝗠𝗘𝗧𝗥𝗢𝗡𝗢𝗠𝗘 𝗗𝗔𝗢 𝗦𝗬𝗡𝗧𝗛 𝗨𝗦𝗗 𝗧𝗥𝗔𝗗𝗘𝗗 𝟭𝟭% 𝗕𝗘𝗟𝗢𝗪 𝗣𝗘𝗚! Blockaid reports that msUSD on Ethereum, Base and Optimism fell about 11% under its target price. Metronome DAO later explained the dip stemmed from insufficient collateral in msETH and msUSD

@pharoswatch

BREAKING: @MetronomeDAO Synth USD (msUSD) continues its depeg, now trading at $0.9756, down 241 bps from its $1 target. The current depeg has been active since July 23, 2026, making it the longest in msUSD's recorded history. Previous depe

@blockaid_

🚨 Community alert: @MetronomeDAO Synth USD (msUSD) is trading ~11% below peg across Ethereum / Base / Optimism.

Simile Raises $200 Million in Series B at $2 Billion Valuation Anthropic Adds Noindex, Nofollow Tags to Claude Pages to Block Search Indexing