Farmers Markets #7: Vote your maBEETS

BbyA...nMtW
8 Jun 2024
349


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.

https://beets.fi/pool/0x593000b762de3c465855336e95c8bb46080af064000000000000000000000760






Voting maBEETS - round 64

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


From the Discord Updates > guage-vote channel

This vote is to decide 50% of BEETS farm emissions for the period of 12 June 2024 to 25 June 2024.
The pools that have contributed more than 2% of the last two epochs fees will have protocol bounties placed on them in relation to the fees they have generated.
This vote's protocol bounties will be in the form of Fantom Menace BPTs. The qualifying pools in order are:
• Fantom Menace
• Staked Fantom & Circle Symphony
• +EQ : Bass Boosted
• Trio of the Stables
• Memedex Vol. 1
• Dropping the fBOMB!
• Duet of Staked Fanties
• FMoney with Attitude Vol. 2
• The f(MULTIBOMB) Profanity

The participating pools with limited emissions this round are:
• Kings Love for Sonic (Emissions capped at 2% votes)
• Deus ma non troppo (Emissions capped at 2% votes)
• Fantie's in yo Pantie's (Emissions capped at 1% votes)


BPT rewards


https://beets.fi/pool/0x593000b762de3c465855336e95c8bb46080af064000000000000000000000760




Where I voted last time

We've voted for Fantom Menace. At present values that will earn us approx 18 USD in rewards.




How we did

We did alright. 18 USD became nearly 12 USD in the end. Not a bad result. We've staked our BPT rewards.





Where I'm voting this round


Bribe markets



https://hiddenhand.finance/beethovenx

Voting power

https://beets.fi/mabeets

We've looking at the raw return per 10K votes. Roughly we currently have 60K votes.

The Duet of Staked Fanties has the highest rewards per vote PLUS they're rewarding in base tokens (WFTM) as apposed to protocol tokens.
However they don't have that many votes yet so we could see those rewards decrease come the end of the vote.



fMoney with Attitude Vol. 2 has not that much lower per vote rewards but has a lot of votes already meaning vote rewards may not fluctuate as much.



A good chunk of the reward are in FBUX (fMoney's protocol token) and whilst the price action hasn't been great since it launched, it's also arguably a decent bet at this price given this is a major new lending protocol on Fantom.

https://www.coingecko.com/en/coins/fantom-money-market


The other candidate we are considering is Fantom Menace which is just rewarding in the base rewards and has a lot of vote already.




Current vote distributions



We like fMoney as a project and think FBUX is well priced right now so we're voting for fMoney with Attitude Vol. 2. This will, at current prices, get us approx. 19 USD in rewards at current vote distributions.






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.


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