Metronome Discloses $15.7 Million Synth Shortfall, Blames Oracle Lag in Swap Module

MetronomeDAO disclosed that roughly 6,367 msETH and 4.57 million msUSD in circulation, about $15.7 million at current prices, have no collateral behind them, after trading bots spent months exploiting delayed price data in the protocol's swap feature. The hole equals about 31% of all msETH and 16%... Read the full story at The Defiant