Proposal for fBEETS Gauge Mechanism

This is a proposal to instate a gauge mechanism for the fBEETS holders to decide farming incentives on BeethovenX.

Currently, the BEETS farming incentives allocation are determined by the liquidity committee. This proposal would help decentralize the decision making process and also increase utility for fBEETS. The gauge mechanism would also facilitate onboarding other project in the fantom ecosystem to host their liquidity on BeethovenX and vote for farming incentives through holding fBEETS.

If the gauge mechanism is approved, 30% of the total farming emissions will be decided by fBEETS holders every two weeks through a snapshot vote (snapshot taken at a random block to prevent gaming the system). This 30% allocation percentage might increase in the future if the mechanism turns out to be successful.

fBEETS holders would have the option of allocating a percentage of the rewards to the pools. The aggregate distribution from all users vote would be used to determine BEETS incentives for the next epoch lasting for two weeks.

In addition to BeethovenX official investment pools, fBEETS holders can also request to add a community pool to the gauge vote, upon security checks and approval by the liquidity committee.

Quorum Standards The option with the most votes will be adopted.