Concerto Programme — 123

Beethoven X
5 min read4 days ago

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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

Ludwigs, say hello to the revenue results for the month of June:

At the time of collection, fees totalled $30.6k

🔵 $8.0k (26.2%) of the fees were generated on Fantom
🔴 $17.9k (58.6%) were generated on Optimism
⚫️ $4.3k (14.1%) were generated from sFTMx
🖥️ $0.3k (1.0%) were generated from Fantom Validator

Note: The validator note was not up for the entire month.

Compared to May results:

⬇️ Fantom fees decreased by 14.4%
⬆️ Optimism fees increased by 2.7%
⬇️ sFTMx fees decreased by 16.5%

Collected fees were deployed in the following way:

Incentives and rewards

  • $14.1k to buy OP to be paired with our Optimism grant and used as incentives
  • $2.0k to buy OP to use as Roast Beets incentives under BIP-52
  • $2.1k to be distributed as sFTMx Coalition rewards

Treasury

  • $4.5k was converted to 7557 Fantom Menace BPTs
  • $1.6k was saved as USDC on Optimism treasury
  • $0.3k was saved as FTM on Fantom treasury
  • $0.2k will be used to acquire vlAura

maBEETS voting incentives

  • $5.8k was used to obtain 9848 Fantom Menace BPTs to be used as Fantom gauge vote bounties in July.

sFTMx Coalition

Annnddd.. that's a WRAP!

The latest round of our ecosystem-boosting, security-enhancing, collaboration-promoting, sFTMx coalition is now COMPLETE!!

Epoch 2 Rewards

With the end of Epoch 2, we have successfully distributed the second wave of rewards to our participants. This marks another milestone in our journey to enhance the Fantom ecosystem and reward those who actively contribute to its growth.

Check out the transaction details here:

New Pools Joining the Coalition

As the initiative continues, we are excited to announce a host of new participants joining the coalition. Please welcome the following protocols and their respective pools:

fDOG:

FANTIE:

POOH — BEER PUB:

Balancer V3

Wake up Maestro, V3 codebase just dropped!

With Balancer’s much-anticipated evolution on the horizon, it’s time to pull back the curtain on DeFi’s most sophisticated architecture.

A new era is almost here.

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 $6000 worth of incentives were offered as BEETS bounties.

Check out the final results for Round 66 below.

Hot Topic

In collaboration with the Fantom Foundation, 1,000,000 $sFTMx was recently minted and awarded to the winners of the Meme Season on Fantom Opera!

This means that as of today, over 22 million $FTM is staked within the sFTMx contract!

If you are one of the lucky users who has recently received $sFTMx, or a long-term holder wondering if there are any other beetin’ and bustin’ opportunities available, then this latest thread is for you!

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 #64 below.

Live Events

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

Join us on Thursday, July 11th @ 2pm UTC in Discord for a breakdown of the month of June.

We’ll be diving 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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