Rise and Shine Maestros,
Welcome to another beautiful week at BEETS. Funkadelically FRESH and always insightful, let’s dive into the weekly Concerto Programme.
Protocol Sweep
Maestros, say hello to the protocol revenue results for the month of March:
At the time of collection, fees totalled $82.0k
🔵 $26.9k (32.8%) of the fees were generated on Fantom
🔴 $52.3k (63.8%) were generated on Optimism
⚫️ $2.8k (3.4%) were generated from sFTMx
Compared to February results:
⬆️ Fantom fees increased by 296.6%
⬆️ Optimism fees increased by 93.9%
(In March we had 3 fee collection periods on Optimism compared to the usual 2)
Collected fees were deployed in the following ways:
Held on Optimism:
- $41.2k was used to buy OP to be paired with our Optimism grant and used as incentives
- $3.0k was used to buy OP to use as Roast Beets incentives under BIP-52
Treasury:
- $14.1k was converted to 14711 Fantom Menace BPTs
- $4.8k was saved as USDC on Optimism treasury
- $2.8k was saved as 2965 wFTM on Fantom treasury
- $3.3k will be used to acquire vlAURA
maBEETS voting incentives:
- $12.8k was used to obtain 13389 Fantom Menace BPTs to be used as Fantom gauge vote bounties in April.
Gauge vote
May the force BEET with you!
Another wave of the bi-weekly Gauge Vote has been completed and the votes are in. This round, over $16,000 worth of incentives were offered as BEETS bounties.
Check out the final results for Round 59 below.
Social Science Lab
To trust or not to trust?
Dive into the subtle differences between trust and confidence, and discover how blockchain technologies can boost predictability and reliability in DeFi.
Check out the latest article in a series on trust below:
BEETS DA-DA-DA DATA
The BEETS data series is running strong.
Light work and easy reading these little gems are meant to keep you up to date with the most essential performance metrics at Beethoven X.
Storming the charts, the memecoin matinee is well underway on Fantom!
Dive into episode #51 below.
Bring back da alpha!!
We’re re-kicking off Tech Thursdays — a weekly space in which we dive into the technical brilliance of Balancer Tech.
Sprinkled with alpha drops, this weekly chat is as chilled as it gets. Rock up, listen in, and join the convo (if you want to).
This week we’re hopping on at 1 PM UTC.
Outro
The sun is shining Ludwigs and the weather is sweet!
We hope everyone out there is still groovin’ to the BEETS. More challenging times out there for sure but we’re out here building and fully committed to the mission. There is plenty in the pipeline to look forward to and we’re stoked to have you all here with us!
Have a great week and stay FRESH maestros!
Beet X
