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Understanding Bribes on BEETS.FI & how to profit on upcoming vote - FTM BeethovenX
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Guys I’m going into BEETHOVEN X (BEETS) I think we need to think about the idea that…for the people who have an increased risk appetite and are willing to play in those waters…a chain like FTM has many tokens that have pretty much bottomed out. The chance of a a revival in BEETS is a reward that outweighs the risk IMO. There’s still money locked in (millions) in the Beethoven X protocol. We saw some life from BEETS with the Bitcoin news. Imagine what can happen to some of these smaller cap protocols (hundreds of millions) when real news happens. That’s why I’m investing in BEETS. $500M type market cap tokens/protocols (FTM) are the ones that have a higher gains potential. Even smaller tokens (BEETS) who find life on those high potential chains are where you see the real life changing money possibilities. Something to think about
RETREEB (TREEB), POLKER, Spirit, LSS, BEETS, MTV, ALBT, LIGHT
Everything in the FTM ecosystem. I really thought the future was bright for BOO, SPIRIT, BEETS, PAINT, etc... but they dumped so hard after Andre Cronje pulled out too quickly. Now I feel like there's no hope for these coins.
I think as the next wave of EVM L1s come online it'll become harder for it to grow in price. It's main points used to be cheap transactions but as price grew it lost that spot to Harmony and Polygon, and a very unique and innovative DeFi scene. It's still got one of those but I don't know how long that'll last as new ecosystems open up like TelosEVM, EVMOS, Kadena, etc and now that Kronje is gone a few key protocols are basically trying to keep innovation growing with BEETS, LQDR, and SPIRIT but it's pretty apparent that they're low on completely novel ideas to implement. (not blaming, genuinely new stuff in DeFi is REALLY hard)
Most yields are actually just farm token emissions. When u use beefy or Reaper they're autocompounding the farm tokens into more LP giving you high yield. The problem is that the farm token will drop in price of it keeps being sold or the emission rate will decrease to prevent value dilution. In either case, your yield will drop. Eventually they stabilize at just their trading fee. Since you use Fantom, Beethoven X has a really good interface where they breakdown your APR and tell you how much is BEETS token rewards and how much is trade fees. Eventually you might want to consider their boosted pools, that's probably the most sustainable yield APRs you'll be able to get.
I like HBAR's technology and corporate interest. I also like that it's moving very slow and thus avoided a huge pump this run since they don't have NFT support ironed out yet. FTM, AVAX, ATOM are interesting. I'm still learning more about defi but BEETS and the Beethoven project have some interest already and seem to want to move toward regulated investing. One thing I'm looking for right now is projects that are investing in regulatory compliance, even if it's a long term goal. Essentially, I think the next bull run will be very heavily leaning on new regulation and the appearance of safety and consumer protections. That will pull in tons of investment from both small retail and big institutions. HBAR doesn't pass the decentralization test well but it's governing council is basically a ton of companies that desperately need crypto but also don't need a regulation passed out of the blue that wipes out their investment.
Based on these trends, Derek Lim says he is betting on tier one altcoin projects including Fantom (FTM), Terra (LUNA), Avalanche (AVAX), and Cosmos (ATOM). Amid the ongoing second-tier boom, Lim also likes Metis (METIS) as a short-term game, as the network is now not receiving strong venture capital reinforcements. Another bet by Derek Lim is Beethoven X (BEETS), a little-known decentralized investment platform. Technically the first fours FTM, LUNA, AVAX and ATOM are pretty solid bets. But take it with a grain of salt for the last 2.
Bypassed pay wall for you guys. Framework: Find projects that have decentralization, security, and scalability. 6 alts: FTM, LUNA, AVAX, ATOM, METIS, BEETS
BOO -24% TAROT -20.6% BEETS -19.86% SPIRIT - 17.8% All in 24 hours. So if you think your alts are doing badly, look what happens when you buy alts of alts. 👻
Incorrect, it was one of the OG burn projects. It suffered from the at the time unknown Balancer exploit of "fee on transfer tokens" and had a lot of funds drained - THEY made their affected holders good on losses so lost a chunk of treasury there but did the right thing, i.e. a reverse rug, they made people whole after experiencing an exploit hack. Then they had. a longgggg drawn out "this looks dead" period because of expensive eth gas fees - they NEED cheap gas so that $1 arb transactions and huge volume can happen to burn their token - with a $60 gas fee to make a trade it cost $60 arb gap minimum and arb slowed to a crawl. NOW they are on Fantom, and have some HUGE tvl pools on Beethoven, and they are BRIBING to receive votes of BEETS holders to receive share of emission - they just offered up to $500k in bribes to receive votes.. its going to explode.. they did this last week and received 12% of the vote and jumped from $750k tvl to $2.2m+ tvl - expect next week for them to jump past $4m tvl - and all that WSTA trading to create an arb gap between STA<>WSTA and then when its arbed back 1-1 to BURN more Sta. Next week the whole world is going to wake up and wonder wtf is going. onwith Statera lol
I have nothing but praise for BEETS. They have a pool for everyone’s needs basically, and their FTM-BEETS pool has 1.5x my initial investment in a week. I’m a big fan of BOO as well because it’s easy to use, friendly, supports a ton of coins, and it’s cute as fuck. It’s also a lynchpin of the ecosystem, so big fan of theirs. I still need to look into tarot though!
>what’s going on with t/2/3omb I'm no fan of that or Harry in general either. Not for me. I'm in BOO, SPIRIT and TAROT. Hope to get into BEETS and LQDR eventually if the timing is right. Wouldn't touch TOMB or any of the forks with a nine foot clown pole.
If you believe in FTM long-term, then holding xLQDR is great because every day you get rewarded in the top DEX coins aka SPIRIT and BOO, plus wFTM, LQDR (doh), SPELL and i believe BEETS (Beethoven X) soon
I've had great success farming on Fantom with Reaper.Farm they have a very detailed auto compounding program for liquidity farms. Every 15 mins it harvests the rewards and then reinvest them for compound interest gains. I put 9k into it last month and made 8k so far in returns. High risk, higher rewards! Check it out if feeling lucky, fees are super cheap and FTM has lots of upside still IMO. Mining seems way harder and less flexible. Energy rates going up with everything else, plus the hardware is low from chip shortage. No shortage of DeFi farms on Fantom. A new one that just came out is BEETS. These things tend to spike early, then plummet from all the rewards being given out at the start, and then if they are good (Tomb.Fiance/TSHARES) it will print $$$$$. BEETS could be at the bottom now and good people behind it + roadmap