MetronomeDAO Reports msUSD Depeg and Collateral Shortfall on Ethereum, Base, and Optimism

Blockaid said MetronomeDAO's Synth USD msUSD briefly traded about 11% below its peg on Ethereum, Base, and Optimism. According to ChainCatcher, MetronomeDAO later said its synthetic asset swap module had insufficient collateral, leaving about 6,367 msETH and 4.57 million msUSD without full asset bac…