BEETS 2.0: The Sonic Revolution

Welcome to the Future of BEETS

As Fantom transitions to Sonic, Beethoven X evolves into BEETS, redefining its core mission and technical foundation. This migration isn’t just a token transfer — it’s a strategic upgrade designed to align with Sonic’s cutting-edge capabilities and open new doors for innovation and experimentation.

Sonic introduces scalable infrastructure, extensive grant funding, targeted airdrops, and a revamped native stablecoin framework, creating an environment primed for sustainable growth. These advancements provide the foundation for BEETS to enhance its value proposition and leadership on Sonic.

This document outlines the migration process, technical updates, and strategic focus areas driving the BEETS transition.

Key Focus Areas for BEETS on Sonic

• Liquid Staking Expertise: Establishing BEETS as the primary protocol for minting, staking, Liquidity Provision, and Lending Liquid Staked Tokens (LSTs) on Sonic via the integration of advanced yield-generating AMM positions.
• Optimized Tokenomics: Enhanced flexibility to direct incentives efficiently, optimize BEETS inflation schedule, support long-term sustainability, and unlock growth opportunities beyond liquidity provisioning
• Advanced Liquidity Solutions: Leveraging Balancer v3 to introduce next-generation features like 100% Boosted Pools, which allow user to access swap fees and lending market interest rates directly on BEETS, in one position.
• Community-Centric Evolution: A refreshed identity for BEETS, including revamped branding, an intuitive UI/UX, and improved governance processes, empowering users to shape the protocol’s future.

The New Face of BEETS

With the migration to Sonic, Beethoven X evolves into BEETS, bringing with it a fresh look and a renewed focus. This transformation reflects not just a change in name but a commitment to align with Sonic’s innovative potential while staying true to the core values that built our community.

Simpler. Sleeker. Smarter.

The new BEETS brand represents a modern, intuitive design — built to enhance usability and resonate with both seasoned DeFi OG’s and newcomers alike. From a reimagined UI to an improved user journey, every change is aimed at simplifying access to our products while maintaining the collaborative spirit that has always defined BEETS.

Redefining Our PMF: BEETS on Sonic

The migration to Sonic isn’t just about a new home — it’s about refining BEETS’ role as a cornerstone of the ecosystem. With a clear focus on Liquid Staking Tokens (LSTs), BEETS is set to lead innovation and drive value within Sonic’s evolving landscape.

Through the acquisition of sFTMx from Stader and the integration of a Fantom validator into our tech stack, BEETS is no longer just a DEX. It’s positioned as the backbone of Sonic’s staking economy, providing users with enhanced yield opportunities built on a secure, scalable foundation.

Key Highlights:

• LST-Centric Focus: BEETS empowers users to maximize S capital efficiency with it’s Staked S LST (stS) and innovative products designed around LSTs. Everything to do with LSTs on Sonic can be accessed directly on BEETS — Minting, Staking, Liquidity Providing, and Lending (via Boosted Pools).
• Boosted Pools: Leveraging Balancer v3 technology to redefine LP yield optimization, offering swap fees and lending market returns in one seamless product. Boosted Pools are the most capital efficient LP position for users on Sonic, and the only market that provides both swap fees and lending interest rates simultaneously.
• Validator Operations: Supporting the security and decentralization of the Sonic network with a DAO managed S Validator. With liquidity allocated via the underlying staking mechanism of stS, the BEETS validator will likely grow to become a focal validator for the Sonic ecosystem and revenue source for the DAO and maBEETS holders.

This refined PMF positions BEETS as a leader in Sonic’s next chapter, ensuring both technical strength and community-driven growth.

Migration Overview

The migration process will encompass transitioning BEETS, maBEETS, sFTMx, and LPs to Sonic.

While seamless migration is a priority, certain steps will require user involvement. Below is a detailed guide to ensure a smooth transition.

BEETS Migration

Process:

• BEETS will migrate to Sonic using LayerZero as the bridging provider, the same mechanism currently used to bridge BEETS to Optimism via Stargate.
• After bridging, users can exchange operaBEETS for the new sonicBEETS on Sonic at a 1:1 ratio.
• The exchange will remain two-way for 90 days. After this period, it will become one-way, allowing conversions only from operaBEETS to sonicBEETS.

Ticker Update:

• $BEETS will remain as $BEETS across both networks.

maBEETS Migration

Process:

• maBEETS contains LPs paired with wFTM, which must be converted to stS for use on Sonic.

Users will need to:

• Break their maBEETS position to withdraw the proportional amounts of wFTM and BEETS.
• Bridge BEETS to Sonic via the method outlined above.
• Exchange wFTM for S (Sonic’s native token) through Sonic Labs’ mechanism.
• Stake S for stS on Beets
• Recreate the maBEETS position by pairing the bridged BEETS with stS.

Incentives:

• Migrated maBEETS positions will receive an NFT as a token of recognition, ensuring eligibility for potential future rewards on Sonic.

Ticker Updates:

• $maBEETS will remain as $maBEETS across both networks.

sFTMx Migration

Process:

• Since sFTMx cannot be directly migrated, users will need to undelegate their $sFTMx without penalty.
• Withdraw the underlying FTM tokens after the new 24-hour unstaking period.
• Bridge the withdrawn FTM to Sonic to receive S, and stake the S in the stS page on beets once live.

Alternative:

• Users can sell their sFTMx on the open market, but this may result in a less favorable rate compared to the standard unstaking process.

Ticker Updates:

• sFTMx will become stS to align with Sonic’s token naming conventions.

LP Migration

Process:

• LPs cannot be directly migrated due to changes in token contracts between Fantom and Sonic.
• Users will need to withdraw tokens from LP positions, bridge each token individually to Sonic, and recreate the LP positions using Sonic-compatible token contracts.

Note for LPs: BEETS emissions will continue on Fantom until they are activated on Sonic. The LPs on Fantom will continue to earn swap fees as long as there is volume.

Strategic Pools on Sonic

To support users transitioning to Sonic, Beethoven X will launch strategic pools that enhance liquidity opportunities while leveraging Sonic’s new infrastructure:

Featured Pools at Launch:

• S-LST | wS: Optimized for staking efficiency and yield maximization.
• USDC | S-LST: Designed for stable liquidity and trading.
• USDC | USDT: Seamless stablecoin liquidity.

As a permissionless protocol, BEETS allows the community to create pools with any token pair. Whether you’re building a new strategy or looking to leverage unique combinations, support will be available for users interested in creating their own pools on BEETS.

A New Era with Balancer V3

The migration to Sonic will also bring the advanced capabilities of Balancer v3 to BEETS. In January, BEETS will upgrade the underlying Balancer v2 tech stack to Balancer v3, unlocking transformative infrastructure upgrades and new features that redefine liquidity provision and development.

Key Features:

• 100% Boosted Pools: 100% Boosted Pools offer liquidity providers the simplest solution to boosting yields with a diversified, risk-adjusted return on their assets from the two dominant yield-generating applications in DeFi — Decentralised Exchanges and Lending Markets — in just one click.
• Custom Pools: With a 10x improvement in Developer Experience (DX), Balancer v3 is set to solidify its role as the go-to base layer for custom pool innovation, fuelling the next generation of AMM design and driving the evolution of the on-chain economy. BEETS brings this technology straight to SONIC to empower the next wave of developers to build unique custom pool types on a blazing fast, high-throughput network.
• Hooks Framework: The introduction of Hooks in v3 unlocks a brand new design space on Sonic for developers to optimize the management of liquidity for LPs, protocols, and DAOs. Hooks allow customized pool behavior, dynamic fee structures ,and entirely new AMM strategies.
• Yield Capture: Yield fees are unique to balancer tech, allowing the protocol to capture a % of any yield-bearing assets interest. With 100% boosted pools, this has the power to convert any asset with an external yield market into a yield-bearing asset, effectively turning the whole DEX Yield Bearing. Yield Bearing DEX + Yield Capture = sustainable, real yield revenue flowing to the DAO and maBEETS stakers.

The Road Ahead

The migration to Sonic marks the beginning of a transformative era for BEETS. With a renewed focus on innovation, community engagement, and cutting-edge technology, we’re building a foundation for long-term growth and impact.

On the horizon:

• Dynamic Tokenomics: Flexible reward structures, optimized inflation rates, and the ability to direct emissions toward strategic initiatives for sustainable ecosystem growth.
• Refined Brand Experience: Ongoing UI/UX enhancements to ensure BEETS remains intuitive, user-friendly, and visually captivating.
• Liquid Staking Leadership: Cementing BEETS as the hub for LSTs, offering users unparalleled opportunities to maximize staking efficiency and earn sustainable yield.
• Empowering Builders: With Balancer v3 technology at its core, BEETS invites developers and protocols to redefine what’s possible with AMMs.
• Exciting Partner Integrations: Collaborating with leading protocols to bring innovative products and liquidity solutions to Sonic.
• Community Initiatives: Launching programs to reward active participants and foster grassroots innovation, ensuring the BEETS ecosystem thrives.

This is more than just a migration — it’s the dawn of a new era for BEETS. Together, we’ll define the future of Sonic’s ecosystem, one step at a time.

BEETS is ready. Are you?!