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Home Platforms Beethoven
Beethoven reviews

Founded 3 years ago in 2021.

Decentralised exchange.

Reviewed by Yunis
18 October 2022 (Updated 17 April 2024)

Beethoven Crypto Platform

Beethoven X is a community-driven DEX and DeFi platform that operates on the Fantom and Optimism networks. Beethoven X is the first next-generation AMM protocol, founded in October 2021. The founding team is anonymous.

Beethoven X aims to provide one-stop decentralized investment and useful tools for users. Let us look at first the investment tools. There are three investment tool choices: liquidity farming, currency trading, and liquidity bootstrapping.

For liquidity farming, two investment pools are available on the Beethoven X platform: weighted and stable. Weighted pools are used for dividing the funding into many parts and the advantage of using weighted pools is to save fees yourself instead of paying to the portfolio manager. Also, users get reward funds from trades. On the other hand, stable pools work as a basic currency trade like any other DEX platform. However, users should consider that Beethoven X supports only Fantom network tokens.

Currency trading on Beethoven X is another useful tool for users. Users trade their cryptocurrencies peer to peer as in any DEX platform. The platform uses Smart Order Router (SOR) to find the best-yielded liquidity pools from many different ones. 

The liquidity bootstrapping Pool is another tool on the Beethoven X platform. Beethoven X offers users to launch a token using a liquidity bootstrapping Pool.

The formation of an LBP is easy and does not requires permission. That means anyone can set up a token launch using the UI on Beethoven X and interact directly with the underlying contracts. The contracts are created by Balancer Labs. Beethoven X is built on Balancer V2 and Beethoven swap is using Balancer"s liquidity pools.

Beethoven X has a Web App so anyone that wants to use the platform can connect the wallet. To start the liquidity pool on Beethoven X, users can go to Beethoven X's official website, click the invest button then see the all pools that are available to deposit funds into. Filter choices can be used and pools can be filtered according to Index Fund Pools, Stablecoin Pools, FTM Pools that are on the Phantom, and Boosted Pools.

There is no hack or exploit on the Beethoven platform so far and they are sensitive about security.

Pros

tick $18,665,965 USD currently invested (TVL)
tick Investments in 12 coin pairs available
tick Supports protocols including Optimism and Fantom Opera

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Beethoven Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
WFTM-MCLB-FBOMB
55.8%*
BEETS 48.9% APY
WFTM 6.91% APY
MCLB
Fantom Opera
Instant Access
55.8%*
BEETS 48.9% APY
WFTM 6.91% APY
MCLB
$45,454
OP-BEETS-BAL
25.9%
BAL 4.86% APY
BEETS
OP
Optimism
Instant Access
25.9%
BAL 4.86% APY
BEETS
OP
$19,325
AXLUSDC-LZUSDC-BPT-STACHOR-ERN
20%*
BEETS 19.9% APY
USDC 0.14% APY
ERN
AXLUSDC
Fantom Opera
Instant Access
20%*
BEETS 19.9% APY
USDC 0.14% APY
ERN
AXLUSDC
$133,200
WFTM-LZUSDC
15.6%*
BEETS 13.4% APY
USDC 2.2% APY
WFTM
Fantom Opera
Instant Access
15.6%*
BEETS 13.4% APY
USDC 2.2% APY
WFTM
$515,589
WFTM-BB-FTMMEN-SFTMX
6.7%*
BEETS 5.88% APY
WFTM 0.82% APY
SFTMX
Fantom Opera
Instant Access
6.7%*
BEETS 5.88% APY
WFTM 0.82% APY
SFTMX
$761,775
WETH-OP-USDC.E
6.68%*
BEETS 4.98% APY
WETH 1.69% APY
USDC
OP
Optimism
Instant Access
6.68%*
BEETS 4.98% APY
WETH 1.69% APY
USDC
OP
$269,944
WFTM-WPGUNK
4.59%*
BEETS 4.59% APY
WFTM < 0.01% APY
Fantom Opera
Instant Access
4.59%*
BEETS 4.59% APY
WFTM < 0.01% APY
$17,061
WFTM-SHRAP
4.11%*
BEETS 4.09% APY
WFTM 0.01% APY
SHRAP
Fantom Opera
Instant Access
4.11%*
BEETS 4.09% APY
WFTM 0.01% APY
SHRAP
$19,558
WSTETH-WETH
3.77%*
BEETS 3.61% APY
WETH 0.15% APY
WSTETH
Optimism
Instant Access
3.77%*
BEETS 3.61% APY
WETH 0.15% APY
WSTETH
$652,918
WFTM-FBOMB
2.5%*
BEETS 1.72% APY
WFTM 0.77% APY
Fantom Opera
Instant Access
2.5%*
BEETS 1.72% APY
WFTM 0.77% APY
$45,377
WFTM-BEETS
0.15%
WFTM 0.15% APY
BEETS
Fantom Opera
Instant Access
0.15%
WFTM 0.15% APY
BEETS
$965,096
WETH-RETH
0.05%
WETH 0.05% APY
RETH
Optimism
Instant Access
0.05%
WETH 0.05% APY
RETH
$8,058,075
* Rates are tiered according to deposit size. Hover on rate for further details.
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Beethoven Supported Currencies

Beethoven supports over 40 currencies including Tether USDt, Chainlink, Fantom and Lido DAO.

Beethoven Key Data

Company
Year founded 2021
Decentralised tick Yes

Useful Links

Beethoven Contact Details

https://beets.fi/

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