Concerto Programme — 119

Beethoven X
3 min readJun 10, 2024

Rise and Shine Maestros,

Welcome to another beautiful week at BEETS. Funkadelically FRESH and always insightful, let’s dive into the weekly Concerto Programme.

Protocol Sweep

Maestros, it’s time for the monthly protocol fee sweep.

At the time of collection, fees totalled $32.0k:

🔵 $9.4k (29.3%) of the fees were generated on Fantom
🔴 $17.5k (54.5%) were generated on Optimism
⚫️ $5.2k (16.2%) were generated from sFTMx

Compared to April results:

⬇️ Fantom fees decreased by 40.0%
⬇️ Optimism fees decreased by 38.1%
⬆️ sFTMx fees increased by 46.4%

Collected fees were deployed in the following way:

Held on Optimism:

  • $13.8k was used to buy OP to be paired with our Optimism grant and used as incentives
  • $1.1k was used to buy OP to use as Roast Beets incentives under BIP-52

Treasury:

  • $5.6k was converted to 6745 Fantom Menace BPTs
  • $1.6k was saved as USDC on Optimism treasury
  • $1.0k will be used to acquire vlAura

maBEETS voting incentives:

  • $9.0k was used to obtain 10937 Fantom Menace BPTs to be used as Fantom gauge vote bounties in June.

Gauge vote

May the force BEET with you!

Another wave of the bi-weekly Gauge Vote has been completed and the votes are in. This round, over $9000 of incentives were offered as BEETS bounties.

Check out the final results for Round 64 below.

Join the sFTMx Coalition NOW!

Calling all Fantom-native protocols!

In the name of unity and collaboration, we’re proud to announce… The sFTMx Coalition!

The coalition looks to use 50% of sFTMx revenue to reward protocol participants who pair their native token with sFTMx in a Liquidity Pool.

For all the details, jump into the article below:

BEETS DA-DA-DA DATA

The BEETS data series is running strong.

Light work and easy reading these little gems are meant to keep you up to date with the most essential performance metrics at Beethoven X.

Dive into episode #60 below.

Live Events

Towntastically terrific. The monthly gathering is just around the corner.

Join us on Thursday June 13th @ 2pm UTC in Discord for a breakdown of the month of May.

We’ll dive into the monthly performance report before opening the floor for a good old Q&A.

See ya there.

Outro

The sun is shining Ludwigs and the weather is sweet! We hope everyone out there is still groovin’ to the BEETS. More challenging times out there for sure but we’re out here building and fully committed to the mission. There is plenty in the pipeline to look forward to and we’re stoked to have you all here with us!

Have a great week and stay FRESH maestros!

Beet X

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