Quantitative Algebras and a Classification of Metric Monads

Quantitative algebras are $Σ$-algebras acting on metric spaces, where operations are nonexpanding. Mardare, Panangaden and Plotkin introduced 1-basic varieties as categories of quantitative algebras presented by quantitative equations. We prove that for the category $\mathsf{UMet}$ of ultrametric spaces such varieties bijectively correspond to strongly finitary monads on $\mathsf{UMet}$. The same holds for the category $\mathsf{Met}$ of metric spaces, provided that strongly finitary endofunctors...