Rise and Shine Maestros,
Welcome to another beautiful week at BEETS. Funkadelically FRESH and always insightful, let’s dive into the weekly Concerto Programme.
Gauge Vote
May the force BEET with you!
Another wave of the bi-weekly Gauge Vote has been completed and the votes are in.
The final results for Round 41 can be found on Snapshot below.
Governance
Get your glad rags on, we’re heading to Club Aura.
With the launch of Aura Finance on Optimism it's time to reshuffle some treasury funds and utilize this new ultra-efficient liquidity layer.
As such, a new governance proposal has entered the discussion phase which would grant the Music Directors the ability to deposit DAO treasury funds in Aura Finance. The Beethoven X governance framework denotes that new protocols must first be approved before DAO funds can be deposited. This proposal will also greenlight the transfer of Rocket Pool BPTs from Beethoven X to Aura, unlocking AURA rewards and boosted BAL emissions. The discussion can be found on Discord and will conclude on July 26th at 00:38 UTC.
This proposal will be the first in a series of BIPs aimed at getting our Treasury assets back to full earning potential following the removal of all Multichain bridged assets in early June.
Keep your eyes peeled!
Tech
Let’s crank up the TECH-no!
We’ve got an update from the BEETs dev crew.
This week, after some tricky integration work from the Beets wizards, we saw the launch of the first Gyroscope Elliptic Concentrated Liquidity Pool (E-CLP) on Beethoven X. E-CLPs allow for more efficient use of pool liquidity by concentrating it in areas of high trading volume, unlocking deep liquidity at a fraction of the TVL.
Fresh off the press the brand new pool creator is almost ready for launch with an expected arrival time within the next couple of weeks. This tech marvel will allow the seamless creation of new weighted pools. So get your thinking caps on maestros, it's time to get creative.
Behind the scenes, the team has pulled the plug on the V1 front and back end, along with the V2 backend, in favor of the joint deployment with Balancer. A move that will save the DAO roughly $3.5K per month.
Hot Topic
Multichain governance? … Yes, you heard that right!
In a DeFi first, Paraswap just implemented a brand new governance pool on Beethoven’s Optimism deployment, tying into their existing Ethereum mainnet based system.
And of course, an efficiency superstar like Paraswap had to opt for a Balancer 8020 pool!
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.
Dive into episode #16.
Live Events
DeFi is brimming with new stuff, all the time. It’s fast, it’s fun and it’s oh-so complicated — or is it? Come join us on Thursday in Discord for a mellow jam session on the technical innovations from Beethoven X and Beyond!
Everyone is welcome, simply tune in and get those questions popping.
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.
