Beethoven Crypto Platform

Pros

$91,284,592 USD currently invested (TVL)

Investments in 94 coin pairs available

Supports protocols including Fantom Opera and Optimism

Cons

Investments in liquidity pools can be higher risk

Liquidity pool investments are only suitable for advanced crypto users

Beethoven Reviews

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.

How Much Can You Earn on Beethoven?

Beethoven Supported Currencies

Beethoven supports over 60 currencies including Bitcoin, Tether, USD Coin and Wrapped Bitcoin.

Beethoven Key Data

Company

Year founded	2,021
Decentralised	Yes

Useful Links

Beethoven Contact Details