Fantom Governance Vote #4: Unlocking The New Frontier for Validators and Stakeholders
Since Beethoven-X operates a validator node on the Fantom Opera network, we are able to vote on Fantom Governance proposals. Please see the proposal below. We will relay the outcome of this vote onto Fantom governance.
TL;DR
Migrate Rewards: Limit inflation by migrating Opera block rewards to Sonic.
Accessing Staked Value: Simplify Sonic’s staking mechanisms to unlock hundreds of millions in LST (Liquid Staking Token) liquidity. Engaging with reputable native and external LST providers like BeethovenX, FRAX, and others.
Supply and Burn: Enhance network security and value accrual through limiting inflation and innovative burn implementations.
Increase ecosystem Rewards: Boost GasM rewards up to 90% returned to an exclusive number of applications.
Vault Change: Migrate the current Ecosystem Vault rewards to the community ran SCC (Sonic Community Council)
Off-Chain Vote
Yes, I support.
4.58M maBEETS100%
No, I do not support.
0.17 maBEETS0%
I want different options.
126.89 maBEETS0%
Timeline
Jun 29, 2024Proposal created
Jun 29, 2024Proposal vote started
Jul 04, 2024Proposal vote ended
Oct 10, 2025Proposal updated