Beethoven X, is the first next generation AMM protocol on Fantom Opera. It brings all the goodness of the proven Balancer V2 protocol but it does not stop there! Beethoven X aims to be a one-stop decentralized investment platform on Fantom. Beethoven X (BEETS) leverage best in breed DeFi protocols to offer novel decentralized investment strategies.

Beethoven X builds on the strong foundation the Balancer team has laid by creating an automated portfolio manager, liquidity provider, and price sensor. It turns the concept of an index fund on its head: instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio by following arbitrage opportunities. It provides features to slash gas costs, super-charge capital efficiency, unlock arbitrage with zero-token starting capital, and open the door to custom AMMs.

Sounds great right? BEETS does not want to just sound great, it wants to build a strong, open and inclusive community based on transparency and trust to make this project thrive. Beethoven X will always put the user needs first and the best way of accomplishing this is if we are our own users. BEETS loves the Balancer approach and just had to make it happen because it’s the product missing most on Fantom. So you won’t be surprised to see BEETS apply the same principals to their tokenomics leveraging buybacks from swap fees and much more.

Weighted Pools are a generalization of the standard constant product AMM popularized by Uniswap. Each pool can contain up to 8 different tokens and each token is assigned a weight defining what fraction of the pool is made up by each asset.

For certain assets that are expected to consistently trade at near parity (e.g. different varieties of stablecoins or synthetics) a more efficient design is the StableSwap AMM as popularized by Curve. These pools allow for larger trades of these assets before encountering significant price impact.

These are a generalization of stable pools that contain tokens with known exchange rates. They use equations similar to those of stable pools, but can be used to facilitate swaps between tokens that have gradually shifting prices. Think fUSD on top of a USDC/DAI stable pool.

To generate even more revenue from your provided liquidity, we will soon open our kitchen with the well known MasterChef behind the stove! As you probably know, he’s a nice guy and has already sharpened his knives to serve you some fresh BEETS tokens in reward for your staked LP tokens.

So you probably read the rest of the post and already came to the conclusion, here goes MMA again on another Fantom project. While some of this is true as we have seen BEETS grow over 60% in the last 10 days the main reason is the new partnership JUST announced that most probably do not know about…..

Olympus Dao! The biggest, best, oldest, most proven has partnered with BEETS.

This is a HUGE announcement for BEETS! It is still early and has a huge longterm potential. Don't march to the wrong BEET. This one has it figured out! Watch what it does in 2022!

MMA_Crypto