Beethoven X DAO Treasury Surges 55.8% in November
Beethoven X DAO Treasury Surges 55.8% in November
馃幍 Treasury Goes Beethoven Mode
Beethoven X reports strong November performance with significant growth across key metrics:
- Total DAO treasury increased to $6.02M, up 55.8% from November
- Combined TVL across Fantom and Optimism reached $39M
- Protocol revenue grew 7.2% MoM to $66,868
- Fantom TVL increased 52.8%, while Optimism grew 15.2%
Key highlights:
- maBEETS governance token now held by 49,903 unique wallets
- sFTMx liquid staking contract holds ~25M FTM
- Staked Fantom & Circle Symphony pool remains top fee generator
Growth driven primarily by BEETS token appreciation and increased validator fees.
1/ With the DAO treasury increasing by 55.8% in the past month, and a 31% increase in $FTM DEX TVL for November, things are heating up before the launch of Sonic! Let's dive into the stats with the DAO monthly financial report! 馃У
Beethoven X Announced as Official Balancer v3 Launch Partner
Beethoven X has been selected as an official launch partner for Balancer v3, with plans to implement the technology stack on Sonic Labs. Key points about Beethoven X: - Largest protocol by TVL on their network - Operates LST, DEX, and Validator services - Only DEX with Balancer technology in ecosystem - DAO manages $4.1M+ treasury - Governed by maBEETS holders The protocol will deploy all Beethoven X technology on Sonic from launch day, marking a significant expansion of their ecosystem.
8020 Pools: A New Way to Gain Asymmetric Asset Exposure
Beethoven X introduces innovative 8020 Pools on Fantom Opera, offering unique liquidity provision features: - Asymmetric exposure with 80/20 asset splits - Reduced impermanent loss compared to traditional 50/50 pools - Earn both swap fees and liquidity mining rewards - Higher upside potential for governance token exposure - Built on Balancer V2 technology The platform currently hosts the dominant Liquid Staked Token (sFTMx) on Fantom, which has grown from 2.82m to over 24.4m FTM staked. Recent partnerships include Ludwig and GOGGLES joining the sFTMx Coalition.
Beethoven X Introduces 80/20 Asymmetric Exposure for FTM
Beethoven X (beets.fi) has launched an innovative 80/20 asymmetric exposure option for Fantom's native token $FTM, paired with its liquid staked version. This new offering provides: - Yield-bearing potential that automatically accrues the network's economic staking rate - Full composability within other DeFi applications For projects looking to expand within the 0xSonic Labs ecosystem: 1. Pair native token with $FTM's dominant liquid staked token in an LP 2. Apply to join the $sFTMx coalition 3. Earn a share of 50% of all sFTMx revenue This approach offers a unique opportunity for enhanced exposure and potential returns in the Fantom ecosystem.
New $wstETH | $wrsETH Pool on Optimism with KelpDAO
Beethoven X introduces a new liquidity pool on Optimism, featuring $wstETH and $wrsETH tokens in collaboration with KelpDAO. This pool offers multiple revenue streams: - Swap fees from trading activity - $OP token rewards - $ETH staking and restaking rewards This addition expands the options for liquidity providers in the Ethereum ecosystem, particularly on the Optimism network. **Key Points:** - New pool: $wstETH | $wrsETH - Platform: Optimism - Collaboration: KelpDAO - Multiple reward types For more details and to participate, visit the pool on Beethoven X's platform.