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Difference between revisions of "Beethoven-x"
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Beethoven-x is a [[Balancer]] v2 fork on the [[Fantom Opera]] Network, and was voted by the Balancer DAO to be the first friendly Balancer fork on the network. <ref>[https://vote.balancer.fi/#/proposal/0x95db8e797145ad590b467f8dbecb23404c25c2a7090aa8a8d65428ad9f7373fc Balancer Vote]</ref> | Beethoven-x is a [[Balancer]] v2 fork on the [[Fantom Opera]] Network, and was voted by the Balancer DAO to be the first friendly Balancer fork on the network. <ref>[https://vote.balancer.fi/#/proposal/0x95db8e797145ad590b467f8dbecb23404c25c2a7090aa8a8d65428ad9f7373fc Balancer Vote]</ref> | ||
Beethoven-x allows users to create their own unique index funds | Beethoven-x allows users to create their own unique index funds. Beethoven-x utilizes weighted liquidity pools, with up to eight different tokens, which earn fees in $BEETS from traders. The weighted pools are constantly rebalanced by traders who spot arbitrage opportunities. | ||
Beethoven-x has a governance token, $fBEETS, which is an 80/20 weighted pool of $BEETS and $FTM. The governance token has a triple yield, 30% of protocol fees are distributed to holders, liquidity providing swap fees, and farming incentives. The governance token is also used to vote for liquidity incentives through snapshot proposals. | Beethoven-x has a governance token, $fBEETS, which is an 80/20 weighted pool of $BEETS and $FTM. The governance token has a triple yield, 30% of protocol fees are distributed to holders, liquidity providing swap fees, and farming incentives. The governance token is also used to vote for liquidity incentives through snapshot proposals. | ||
==Boosted Liquidity Pools== | ==Boosted Liquidity Pools== | ||
In March 2022<ref>[https://beethovenxio.medium.com/boosted-pools-the-future-of-liquidity-provision-reimagined-7f99113ab2a2 Boosted Pool Announcement]</ref>, Beethoven-x released their cutting edge technology, Boosted Pools. The amount of liquidity needed for daily trades is usually much less than what is deposited, leading to a lot of idle capital. Beethoven’s boosted pools takes this idle capital and deposits it into revenue generating strategies to earn an omnipresent yield on the liquidity provided. | In March 2022<ref>[https://beethovenxio.medium.com/boosted-pools-the-future-of-liquidity-provision-reimagined-7f99113ab2a2 Boosted Pool Announcement]</ref>, Beethoven-x released their cutting edge technology, Boosted Pools. The amount of liquidity needed for daily trades is usually much less than what is deposited, leading to a lot of idle capital. Beethoven’s boosted pools takes this idle capital and deposits it into revenue generating strategies to earn an omnipresent yield on the liquidity provided. | ||
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