Concerto Programme — 89

Beethoven X
4 min readOct 30, 2023

Rise and Shine Maestros,

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

Governance

The votes are counted and the results are in! This week two important government proposals concluded.

BIP-53

This proposal was to decide how to proceed regarding the recent Balancer/Beethoven X exploit. After an overwhelming majority, it was decided there would be no further actions taken and no reimbursements given.

For the full proposal and vote results, check out the link below.

BIP-52

BIP-52 serves to increase BEETS liquidity on Optimism and seed the new bridged version of BEETS, while also allowing accelerated acquisition of veBAL & vlAURA by Beethoven X DAO Treasury.

The proposals passed with an almost unanimous decision and will see $80k of BEETS and $20k of rETH of POL used to seed a BEETS/rETH 80/20 pool on Beethoven X Optimism.

For the full proposal and vote results, check out the link below.

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 2000 Fantom Layer of the Opera BPTs were offered as BEETS bounties.

Check out the final results for Round 48 below.

Balancer governance

In accordance with the passing of BIP-445, Balancer governance voters (veBAL) decided to conduct a phase of research to determine an active list of wallets for users reporting losses in connection to the recent exploit.

The goal of this research is to gain insight into the nature of said losses and provide context/insight to define the next steps toward restitution. To facilitate this process, a dedicated Claim Submission Tool has been created, which is linked below.

To ensure a fair and efficient process for all users impacted by this incident timely/accurate claim submissions are essential to take further action regarding compensation. Claims will be accepted for a 60-day time period and will close on 25.12.23.

Please note: This announcement pertains to all Balancer chains including Optimism which is a joint Balancer & Beethoven X deployment. It does not however cover Fantom which is solely governed by Beethoven X voting.

Hot Topic

Knowledge is power Maestros.

This week we’re continuing our exploration into the wonders of Balancer tech.

It’s time to explore MetaStable pools; the optimal home for interest-bearing assets!

New Pools

ROLL UP, ROLL UP! Get your new pools here!!

We’ve got some fresh additions to the Optimism roster, and don’t forget, stake your BPTs over at Aura Finance to get maximum rewards.

Ankr’s Galactic Harmony

Overnight Opening Ensemble

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 #29.

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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