Concerto Programme — 92
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 DAO do be DAOing!
This week we’ve got plenty of important governance decisions to keep up with! Here’s a super quick rundown.
BIP- 54
Building upon the previous arrangements outlined in BIP-23, BIP-36, and BIP-41, the treasury has been responsible for covering the infrastructure costs associated with the operation of beets.fi.
This proposal aims to extend the funding of infrastructure costs by the DAO Treasury for another six months until the end of March 2024, with a further adjusted monthly cap set at $2500.
BIP-55
Since the adoption of BIP-40 in April 2023, Beethoven X DAO contributors have been receiving funding of $35k per month from the Treasury. This financial contribution from the DAO plays a vital role in retaining and attracting key contributors to work on advancing Beethoven X.
This proposal seeks to continue this funding arrangement, for a minimum of $35k per month, from the Treasury for a further 6 months from November 2023 to the end of April 2024.
BIP-56
Starting in February 2022 community member mobiusTripper built a website to display data relating to gauge voting. This site is better known as beetswars.live. mobiusTripper has paid to keep the server active since its inception.
This proposal seeks to reimburse mobiusTripper for the past costs to keep the beetswars.live website active. Additionally, 10,000 BEETS tokens will be transferred to each of the beetswars team members (onkeljoe, RzN, and mobiusTripper).
Hidden Hand: Launch Beethoven Finance Market
In the wider ecosystem, an important proposal relating to Beethoven X just passed in the Redacted Protocol governance system.
The proposal will see the deployment of Hidden Hand to Fantom, and the creation of a new Hidden Hand market for Beethoven X in order to strategically expand the protocol through liquidity incentivization.
For those who don’t know, Hidden Hand is a voting market that currently supports the likes of Balancer, Aura, and FRAX. Following this proposal, it will be replacing Votehoven as the Beethoven X voting market.
Gauge Vote
The weeks are just flying by and the next round of the Beethoven Gauge Vote is just on the horizon.
Don’t miss the opportunity to have your say in BEETS emissions for the period of the 29th of November to the 12th of December.
50% of the BEETS farm emissions are decided by the maBEETS gauge and the next round will start this Thursday!
Optimism $BEETS Bridge
The $BEETS are back on the streets!
Powered by LayerZero, Beethoven X now has a brand new $lzBEETS token live on Optimism, as well as a seamless new bridge.
And arriving hand in hand; all $multiBEETS can now be migrated to $lzBEETS 1:1 on the Beethoven X website.
For all the details check out the thread below.
Hot Topic
Did someone say BEET Wars 2.0?!?
With a handful of upgrades to the Beethoven mechanics could the $BEETS wars be about to reignite?
- No Gauge Caps
- 3–3.5x returns for protocols on bounties
- Core Pool bounties placed as BPTs
- $FTM gas monetization supercharging bounties
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.
And what’s that… 101% increase in weekly DEX volume?!
Dive into episode #32.
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.
