Summary
Increase permitted msAsset cap for direct deposit deployments to $25 million worth of assets.
Abstract
MIP-24 introduced an upgrade that enabled Metronome to deploy Synth assets to external lending markets.
The first markets have launched on Morpho with approximately $7 million in synth asset deployment at time of writing. This is expected to increase to the pre-approved $10 million cap very soon.
This proposal increases the cap further, as additional demand is anticipated!
Specifications
Increase the deposit cap for Metronome Synth assets to External Lending markets from $10 million worth of assets to $25 million worth of assets.