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.
Boosted Liquidity Pools
In March 2022, 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.
Weighted Investment Pools
Weighted investment pools turn the concept of an index fund on its head: instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio by following arbitrage opportunities. Each pool can contain up to 8 different tokens, where each token is assigned a weight defining what fraction of the pool is made up by each asset.
For certain assets that are expected to consistently trade at near parity (e.g. different varieties of stablecoins or synthetics), we utilize the StableSwap AMM as popularized by Curve. These pools allow for larger trades of these assets before encountering significant price impact.
Beethoven X provides a Uniswap style trading experience, to allow for trading from one token for another. Behind the scenes, the Smart Order Router (SOR) intelligently sources liquidity from multiple pools so as to automatically figure out the best available price from all available pools.
Earn BEETS by staking your liquidity provider (LP) tokens.
Earn Protocol Fees
Protocol fees will distributed to Liquidity Stakers. Provide liquidity in one of the 80/20 BEETS weighted pools to earn your portion of 30% of the protocol fees. Wherever possible, we will introduce protocol fees for transactions, with 30% of the fees being used to buy BEETS off the open market and redistribute them to Liquidity Stakers. 50% of protocol fees will be used to build a diversified DAO controlled treasury.