Dear Friends,
Welcome back to not just another beautiful week but a brand spanking New Year!
Horrrah!
2023 has officially hit the stage and we are super excited to welcome in a new year. We still can’t quite believe it is here and we are looking forward eagerly to all of the opportunities it may bring.
The year just past has been an incredible journey and we have all grown so much. Trials and tribulations are all part of the process and we have become stronger, wiser and more skillful as a result.
The Team have all enjoyed the festivities thoroughly and are eager to get MUSIC pumping once again.
2023 is packed full of promise and we have a bunch of goodness stacked in the pipeline.
Let’s dive in Ludwigs, LFG!
Tech
How much tech could a tech dev dev if a tech dev could dev tech?
The answer to that little tongue twister is a mystery only the highly gifted among us know.
Pushing the boundaries of what’s possible the BEETS devs have been flexin’ those mind muscles. Juiced up on BeetleJuice, things are starting to get a little out of control and we like it. The symphonies are blaring and the creativity is reaching a whole new level. 2023 is the year and we can feel in our bones!
The Fantom Boosted Revolution has been underway for some time now. It’s been brewing and it’s almost time for a full scale assault. Reblancer contracts, new factory pools and subgraph updates have all been made and we are targeting a launch for the end of January.
It’s about to go down, BEETHOVEN style.
Meanwhile in Reliquary town the holy relics have all been collected and are being polished for the big reveal. The UI is currently under construction and major progress has been made — it’s only a matter of time now. Like Boosted Pools the targeted launch date is for the end of January / beginning of February.
For a sneak peek into the evolution of the Relics check out this crazy artwork from Vee.
Marketing
As we step into the new year at Beethoven X, we think it’s important to reflect on the year just passed — what went well, what went wrong and what can we do to improve?
From a marketing perspective we are constantly striving to provide more value to our users and we know that this year is gonna be a big one for us.
From education to strategy, we have been putting in the work to make sure that we are in the best spot possible for growth and evolution.
Over the coming quarter be on the lookout for brand new DOCS, The unBEETables, Reliquary, BEETS TV, Boosted Pools on FTM and more.
Things are already stacking up quickly and we’re excited to let the Music unfold.
ICYMI, have a read of the most recent article from the marketing crew and catch up with what’s in store for the near future.
Finance — Protocol Fee Distribution
2022 has come and gone. Sticking to our monthly musical beet, we bring you the Protocol Fees for December!
Here is the breakdown:
At the time of collection, fees totalled $25k. The activity split was $15k (60%) on Fantom and 10k (40%) from Optimism. This brings our total fee fees for the year to $1.63m.
The $25k was deployed today in the following way:
- Held on Optimism: $5.1k held for liquidity mining incentives.
- Treasury: $5k was added to Steady Beets, Boosted (Optimism), $5.4k was added to Here comes the Sonne (Optimism) and $3.5k will be used to acquire a combination of veBAL, vlAura and aurBAL
- fBEETs voting incentives: $6k (154k BEETs) will be distributed as gauge bounties taking place in January. As part of this allocation, a total of 128k BEETs ($5k) was bought off the open market.
Please note, not included in the numbers above is the Balancer portion ($10k) of the Optimism fees. They have elected to make that full amount available for Optimism liquidity mining incentives, increasing the total available for that initiative to $15.3k.
Hot Topics
You know how it goes — once you pop, you can’t stop!
OxSouvlaki has been on FYAAH recently, dropping content every chance he gets.
This week’s Hot Topic is part 2 in a series of articles on Reliquary.
With the implementation just around the corner, there is plenty to keep up with.
Join Souvlaki for a deep dive into Decoding The BEETronix Maturity Curve — Part 2
Enjoy!
A little something extra for y’all to digest this week too. Souvlaki talks Boosted Pools, Financial Reports and DAOs with Professor Crypto Banana.
Gauge Vote
Say what?! Round 27!
Don’t miss the opportunity to have your say in 30% of the BEETS emissions for the weeks of Jan 09 and 16. Voting will start later this week and will be available through Snapshot. Stay tuned!
For more information on the Gauge and how you can get involved check out the following Medium article:
Live Events
Weekly Community Breathe: Feel like it’s all getting a little too much? The breath is central to many inner practices and plays a major role in the regulation of our nervous systems. From general well being to focused inner work, a consistent breath work practice is almost certainly going to add value to your journey. Join us on Thursday 08:00 AM UTC for a community breathwork session with
Yogi Astralnaut.
Bi-Weekly Conscious Conversations: Grab a cup of tea / coffee and come hang out with the community in our bi-weekly conscious conversations session. This is an open space to catch up, share and be seen. No expectations, no agenda, simply show up and be present. We would love to have you there. Join us on Tuesday at 12:00 PM UTC over on our Discord.
Outro
This past year has been a blur of musical triumphs.
In the snap of a snare, 2022 has been and gone. We look ahead!
As the sun rises to a new year, an exuberant buzz is in the air; the birds are singing; a chorus is sounding, damn it feels good!
2023 is going to be a big one; scintillating new symphonies, mind-popping innovations and endless creativity.
Get ready musical friends, 2023 is the year of the Ludwig!
