Farmers Markets #20: Vote your maBEETS

BbyA...nMtW

28 Sept 2024

175

If you aren't familiar with the veTOKEN model please check out my explainer post on Bulb https://www.bulbapp.io/p/270273dd-697b-4332-85ac-db65e50bb46d/vetokens-defi-lore-innovation-yield-from-voting?s_id=bccb5ecb-0380-433a-9e2e-f1405a0305e2

If you want to know more about the analysis here see my post on Bulb about analysing for veTOKEN votes
https://www.bulbapp.io/p/d82b629d-6790-4bfe-b185-c1156997baf4/farmers-markets-0-beets-aero-velo-equal-gauges?s_id=d3ffcb86-d4db-4c5f-acc5-0546d4c1744c

To note about voting rewards on Beethoven X

Beethoven X does voting rewards a little differently to most guage vote platforms. As well as having individual token rewards they'll often reward in LP tokens. For example the rewards for Staked Fantom & Circle Symphony (below)

Are the BPTs (Beethoven Pool Tokens) for the Fantom Menace LP on Beethoven.
https://beets.fi/pool/0x593000b762de3c465855336e95c8bb46080af064000000000000000000000760

Beethoven X have released their branding kit to let you use their branding assets for your own content! It's great stuff, check it out at https://brand.beets.fi/

Read more on X

Voting maBEETS - round 72

Beethoven X Snapshot https://snapshot.org/#/beets.eth
Beethoven X Fantom pools https://beets.fi/pools
Beethoven X Hidden Hand https://hiddenhand.finance/beethovenx
Beetswars https://www.beetswars.live/
Fantom Block Explorer https://ftmscan.com/
Beethoven X Blog (Medium) https://beethovenxio.medium.com/
Beethoven X Discord https://beets.fi/discord

Beethoven X Discord: Updates > guage-vote

Ludwigs, Round 72 of the Beethoven X Gauge vote on Fantom is OPEN. https://snapshot.org/#/beets.eth/proposal/0x567e6fca2635d064f59b72eb75b8a937f6325dbe232861c2a128e389eedf7297

This vote is to decide 50% of BEETS farm emissions for the period of 2 October 2024 to 15 October 2024.

The pools that have contributed more than 1% of the last two weeks fees (or eligible new pools) will have protocol bounties placed on them in relation to the fees they have generated. This vote's protocol bounties will be 6605 Fantom Menace BPTs.

The qualifying pools (in order) are:
• Staked Fantom & Circle Symphony
• Fantom Menace
• Dropping the fBOMB!
• Trio of the Stables
• sGOATx
• FMoney with Attitude Vol. 2
• Duet of Staked Fanties
• +EQ : Bass Boosted
• The f(MULTIBOMB) Profanity

And a big welcome to the new pool entering the gauge vote, make sure to check it out:
• StakedBrush: https://beets.fi/pool/0xbc160a83bee1ad425e1d64e4c8d3212cd19945ae000200000000000000000844

The bounties will be placed on Hidden Hand: https://hiddenhand.finance/beethovenx
Let the voting begin!

BPT rewards

https://beets.fi/pool/0x593000b762de3c465855336e95c8bb46080af064000000000000000000000760

Where we voted last time

ROI ~39.84224 USD

How we did

In a word: Good!
The estimate always was high but this is a, historically speaking, a pretty good ROI.

Where we're voting this round

Bribe markets

https://hiddenhand.finance/beethovenx

Whilst Dogs in the Yard stands out for the incentives vs votes ratio we're less sure about the recent price action given the instability we've seen in Fantom memecoins these past months.

https://dexscreener.com/fantom/0x3e0ce0a66660214f00e3044bd2919caf585d8fde

A safer bet seems to be Fantom Menace which has similar incentives to votes ratio but a much less volatile rewards make up (just BPT tokens).

Voting power

https://beets.fi/mabeets

Current vote distributions

https://snapshot.org/#/beets.eth/proposal/0x567e6fca2635d064f59b72eb75b8a937f6325dbe232861c2a128e389eedf7297

How we voted

ROI ~$31.2384 USD

The latest from Beethoven X

Check out the most recent updates from Beethoven X.
Make sure to give their blog posts a clap and comment on Medium as well as a like, comment and share on X!