TVL > 100K
What is Beethoven-X (BEETS)?
Beethoven X is a decentralized investment platform and an AMM protocol on Fantom Opera. Beethoven X is built on Balancer V2 (a protocol for automated market makers, AMMs), and it aims to provide comprehensive decentralized investment strategies ,while enabling secure, efficient, high-speed, low-cost trading. Its products include farming with liquidity pools, token staking, and liquidity for projects that conduct fair launch through this platform. For investors, Beethoven X makes it possible to create unique crypto index funds that are tailored to their desired asset allocations. This allows investors to charge fees from traders who rebalance their funds by pursuing arbitrage opportunities ( arbitrage is an investment strategy wherein an investor simultaneously buys and sells an asset in different markets to capitalize on a price difference and generate a profit). The existence on Balancer V2 allows crypto traders to engage in efficient trading activities by pooling crowd-sourced liquidity from investor portfolios, while the innovative Smart Order Router technology helps them to discover the best prices from available pools. DeFi protocols can also make use of the Beethoven X’s boot strapping pool and launch their tokens in a fair and swift manner. BEETS is the platform’s governance token whose maximum supply is limited to 250 million units. It also makes liquidity investors eligible for a share of the revenues generated by the protocol. BEETS token holders can participate in the platform’s management, including the ability to influence liquidity mining policies, the project’s partnerships, treasury expenses, and other key decisions. Currently it is possible to trade BEETS on the Fantom ecosystem decentralized exchanges (SpiritSwap, PaintSwap, for example) and directly on Beethoven X.
Who are the founders of Beethoven-X (BEETS)?
The foundation team behind Beethoven X chooses to remain anonymous. Still, they state to have over 80 years of collective experience in building disruptive technologies. The team is dedicated to building a powerful and safe DeFi platform on Fantom to empower everyone to take control of their finances.
What makes Beethoven-X (BEETS) unique?
Weighted investment pools. The unique feature of Beethoven-X is the ability to deposit up to eight different cryptocurrencies into a weighted investment pool, and collect fees from traders, who rebalance this portfolio by taking advantage of arbitrage. Each token in a pool has assigned weight that determines what fraction of the pool is made up by each asset. The Smart Order Router (SOR). It is an intelligent system that allows traders to quickly find the optimal trading prices from all available pools. Thus, users can trade with lowest fees and the best rates currently possible. Farming. Participants can also stake their liquidity provider tokens on the platform to earn additional BEETS. Revenues that are accrued from the protocol’s fees are among Liquidity Stakers. When a user provides liquidity in one of the 80/20 BEETS weighted pools, they can earn up to 30% of the protocol profits. LBP's for Token Launches. The platform offers crypto projects the possibility to launch their own tokens token through the Balancer's Liquidity Boot Strapping Pool (LBP) in a liquidity generation event.
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