Farmers Markets #4: Vote your maBEETS
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
Voting maBEETS - round 63
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
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 that LP on Beethoven.
https://beets.fi/pool/0x4fef3503bee5d61485bd19e461b6f313585e9202000200000000000000000814
Where I'm voting this round
Bribe markets
Voting power
We've looking at the raw return per 10K votes. Roughly we currently have 60K votes.
If we discount Liquid on the Moon, because it's such few votes, the two candidates are Fantom Menace and Deus crescendo.
Although Deus crescendo is a bit more in terms of $/10k Votes and it's still got a reasonable amount of votes, the rewards are in $DEUS.
Whilst the $DEUS has pretty stable in terms of price the rewards from Fantom Menace are in the BPT tokens and they are the core tokens of Fantom and I hold that LP already as a long term position which this would add to.
Plus they are nearly joint top in terms of votes cast so it's less likely this return will change much.
So this round we've voted for Fantom Menace. At present values that will earn us approx 18 USD in rewards.
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!
Over to you
Are you a regular voter on Beethoven X?
What level Relic/s do you have?
Who are you voting for this time around?
Let me know in the comments.
