Concerto Programme — 91
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, bringing you the protocol revenue results for the month of October:
At the time of collection, fees totalled $18.5k.
🔵 $3.6k (19.2%) of the fees were generated on Fantom
🔴 $15.0k (80.8%) were generated on Optimism
Compared to September results:
- Fantom fees increased by 99.6%
- Optimism fees increased by $8
Note: In September we had the unusual 3 fee collections per month since it’s conducted every 2 weeks, so October was actually a significantly better month for the Optimism deployment as well!
Collected fees were deployed in the following way:
Held on Optimism
- $11.8k was used to buy OP to be paired with our Optimism grant and used as incentives.
Treasury
- $1.1k was converted to 2198 Fantom Layer of the Opera BPTs and sent to Fantom treasury
- $1.4k is saved as USDC in the Optimism treasury
- $1.8k will be used to acquire vlAura
maBEETS voting incentives
- $2.4k was used to obtain 4761 Fantom Layer of the Opera BPTs, which will be used as Fantom gauge vote bounties during November.
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 3000 Fantom Layer of the Opera BPTs were offered as BEETS bounties.
Check out the final results for Round 49 below.
Hot Topic
Rhythmic and rhapsodic, the music plays on.
Last week we explored the new LST masterclass, Ethereum Triplets. And now, things are heating up, with the ultra-efficient trio now live and receiving full rewards on Aura Finance. Be sure to stake your BPTs there to get the maximum rewards.
You don’t want to miss this one!
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 #31.
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.
