Farmers Markets #17: 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
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 the Fantom Menace LP on Beethoven.
Voting maBEETS - round 69
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
Beethoven X Discord: Updates > guage-vote
Ludwigs, Round 69 of the Beethoven X Gauge vote on Fantom is OPEN. https://snapshot.org/#/beets.eth/proposal/0x9c79da861b2ff35c474fc8a198cb8725fb48d0ed4e2f08d94ef9f4c14b73cece
This vote is to decide 50% of BEETS farm emissions for the period of 21 August 2024 to 3 September 2024
The pools that have contributed more than 1% of the last two weeks fees (or eligible new pools) will have protocol bounties placed on them in relation to the fees they have generated.
This vote's protocol bounties will be 3975 Fantom Menace BPTs.
The qualifying pools (in order) are:
• Staked Fantom & Circle Symphony
• Fantom Menace
• CARTEL SYMPHONY on FTM
• Trio of the Stables
• Dropping the fBOMB!
• Duet of Staked Fanties
• +EQ : Bass Boosted
• FMoney with Attitude Vol. 2
• Fantom's Ghostly Sonata
No pools will have votes capped starting from this round. The Music Directors have decided to remove the capped pools method to reduce the complexity of the gauge vote system and make it easier for partner protocols.
It may be reintroduced at a later date if seen needed.
The bounties will be placed on Hidden Hand: https://hiddenhand.finance/beethovenx
Let the voting begin! 
BPT rewards
Where we voted last time
ROI: $16.38
How we did
Almost 1 for 1 with our estimate! All rewards have been compounded back into our maBEETS position.
Where we're voting this round
Bribe markets
It's looking very much like another memecoin bribe play...
https://hiddenhand.finance/beethovenx
sGOAT and fDOG are both booking nothing in fees but driving high returns via bribes. Given memecoins prices are pretty low right now they're a good bet to go with.
The only issue will be the votes are not super high yet so ROI might come back significantly with a large vote shift.
Possibly a turn-around in the overall market might offset that though.
Voting power
Current vote distributions
How I voted
ROI: ~$145
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.
