CryptoClay 👻 Profile picture
Feb 4 15 tweets 7 min read
1/ $FTM fam, let's all stop and APPRECIATE what's going on with @Beethoven_X 🧵

And big picture, what’s going on in the #Fantom ecosystem overall!

@beethoven_x VERY recently launched gauges for LPs (not even automated yet)

They received FOUR, yes, 4, LP bribes this week..
2/ First came @OneRingFinance…

They pledged $15,000 $USDC, plus 5,000 $RING tokens, distributed to $fBEET voters who vote for:

“The Vaults of the Lonely Mountain” LP

Their 80/20 pool is pretty new! Launching 5 days ago with the $RING / $FTM pair...
3/ @LiquidDriver came with the 2nd bribe:

400 $LQDR distributed. They will be airdropped, pro-rata, to $fBEET holders who vote for:

“Pirate Party”

It's a $LQDR / $FTM pool - 80/20 LP pool. Don't you LOVE the balancer V2 protocol versatility?

Shout out to all the Pirates 🏴‍☠️
4/ Hours later came @EXODIAFinance...

They’re bribing $fBEETS holders with $25,000 $DAI...
This requires a vote for

“The Monolith" Pool

This is a 5 token index consisting of:

$FTM, $EXOD, $gOHM, $wsEXOD, $MAI
20/20/20/20/20 weighting...
5/ Finally, @HundredFinance jumped in...They plan to distribute 1,000 $HND tokens to those who vote for:

"When Two Become One (Hundred)"

$HND, $FTM, $USDC pool - 60%/20%/20% weight

I assume they thought, why not join in on the fun, right?
6/ Can you feel the momentum picking up in #Fantom DeFi?

I sure as heck can…this gives off early $ETH DeFi vibes

The outcome, over time, usually results in immense bribe growth (bigger $$ amounts), a flood of on-chain liquidity & protocol TVL acceleration at crazy speeds...
7/ Here’s something cool:

I heard whispers that much of this was inspired by the incredible @beethoven_X community

Goes to show you how valuable community is when building protocols! We've said it once, let's say it again:

$FTM has the best god damn communities in DeFi
8/ Also, shout out to @jlontele for leading the charge and giving direction to protocols on how to make this happen for $fBEETS holders…

Clearly it's working ser…

9/ We’ve talked about the #SpiritWars, the development, the opportunity and their potential - it's big!

Do we need to add #BeetWars to the mix? Seems so...

Are you paying attention yet?

$FTM eco is maturing before our eyes. It's about to get real fun guys, prepare yourself!
10/ How can you prepare?

Hold projects and protocols that put you in a good position to receive bribes and give back benefits to token holders / governance voters.

Have conviction positions...

Maybe there is such thing as a free lunch?
11/ If you’re an $fBEETS holder make sure you get your vote cast!

- Pick the token airdrop you’d like to receive most
- Or suck up some stables, we like stables
- Or simply the LP pool that you'd like boosted

You can find the proposal and vote here:
snapshot.org/#/beets.eth/pr…
12/ If you sleep on #Fantom even 1 day...You’re liable to miss 5 major announcements in the blink of an eye.

That's how fast we're moving. I can’t wait to see how it all plays out!

Props to @Beethoven_X on the incredible week and much success in the future!

Build on $FTM!
As always, check out @FTMAlerts for tons of amazing #Fantom protocol news, updates, AMAs, how to videos and more!

Keep reading, keep learning, keep driving forward!

Good luck out there guys 👻
Also, please note:

The first to the bribe party was @Onering_Finance ...

I didn't get their handle right in tweet /2 - their token is $RING

Shame on me...🤗
Holy sh*t...This just in! @Onering_Finance has upped the anti here!

IN REAL TIME...

Adding: 15,000 $Beets (new +++) to their bribe!

-> Currently thats 32,000$ altogether for voters.

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More from @crypto_klay

Jan 24
1/ It's 🧵 time frens! Let's dig into @beethoven_x & breakdown why their #Fantom future seems so bright!

I’ll outline:

- What is @beethoven_x?
- How are they unique?
- Tokenomics & $BEETS opportunities
- Ongoing events to watch!

S/O to @Official_jgriff for the inspiration 🤝
2/ Starting with what is @beethoven_x:

@beethoven_x is the first “next-generation” Automated Market Maker (AMM) protocol on #Fantom

They're a FRIENDLY fork of @BalancerLabs V2. Community vote/approved!

@beethoven_x was the 1st to bring the balancer tech to #Fantom ecosystem
3/ 2020 brought the rise of DeFi & maturation of liquidity. @Uniswap pioneered innovation with 50/50 liquidity pools.

They created LP pairs where liquidity is denominated with 50% in asset 1 & 50% in asset 2

Ex: a $SPIRIT / $FTM LP

These pairs relied on the formula X*Y=K
Read 45 tweets
Jan 10
1/ Part III: Spirit War caveats, TVL, MAJOR weekly updates & evolving market situations…

I’ll outline:

- Notable differences between Curve / Spirit Wars
- Perspective on TVL short/long term
- Major Announcements
- Impactful/evolving situations to watch (stables)
2/ If you’re new to this series, welcome!

I’d recommend you get up to speed by reading Part I of this thread linked below:

3/ Additionally, it would only make sense to read part II once you complete the aforementioned step (part II also linked below):

Read 50 tweets
Jan 1
1/ Part II: @Spirit_Swap Boosted Farms, Weighted Gauges and the Spirit Wars Potential…

I’ll outline:

- Who are @Spirit_Swap & @LiquidDriver
- Product Updates / Their Impacts
- Rewards, Incentives, APR, Governance Control
- Supply Trends & Spirit Wars Potential
2/ Welcome back #Fantom fam! If you haven’t already, I highly suggest you take a few minutes to read Part I of this thread, it’s context will help greatly in Part II…

Either way, as they say @olivegarden - "When You're Here, You're Family"

3/ TLDR Part I:

- @CurveFinance stable coin AMM emphasized weighted gauges & became integral to DeFi 2.0
- @ConvexFinance, on top of the $CRV model created new robust voting/staking incentive
- @Spirit_Swap, @LiquidDriver, appear to be following this model. Thus, Spirit Wars
Read 41 tweets
Dec 29, 2021
1/ A thread on: "Curve Wars, the history, the impact, and potential connection to #Fantom Defi"

I’ll outline:

- @CurveFinance background
- How @ConvexFinance has changed DeFi 2.0
- What it may mean for @Spirit_Swap, @LiquidDriver (and others) moving forward...
2/ FYI:
This will be a 2-part series with mention of @CurveFinance, @ConvexFinance, @iearnfinance @Spirit_Swap and @LiquidDriver...

Part 2 coming soon:
@Spirit_Swap boosted farms, weighted gauges and the Spirit Wars potential…
3/ We begin with where all good stories do - the beginning.

Summer of 2020 saw the rise of DeFi 1.0, the explosion DEX's (decentralized exchanges) and the maturation of a space where liquidity provisioning became incentivized by juicy APR.
Read 31 tweets

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