XIP-004: Introduction of fBEETS bonds

XIP-004: Introduction of fBEETS bonds

Solidifying our vision for a long term partnership with Beethoven-x, we present our latest proposal to begin accumulating fBEETS through our bonding mechanism.

Accumulating Fantom Blue chips in our treasury has always been our long term goal. With the launch of 'The Monolith' LP on Beethoven-x, offering bonds for fBEETS is the next strategical move in a long list of plans for our future. This proposal presents a number of key benefactors to our treasury, protocol and community as a whole. -We will be able to hold voting power within our main DEX. -Voting power can be utilised to vote in favour of emissions for our pool (further revenue streams). -Gauge systems are an important protocol mechanic that creates buying pressure, supporting price. -Accumulating BEETS at a low price has serious upside potential for treasury growth. -Being a stakeholder in our key partner creates further synergy and cements our vision for Fantom and future growth.

Expanding on the key benefactors gor EXODIA.

-We will be able to hold voting power within our main DEX. With the launch of 'The Monolith' LP, Beethoven-x is now our main DEX on the Fantom network. Acquiring fBEETS will allow us to utilise our accumulation to vote in future proposals that favour us as a partner and LP provider. -Voting power can be utilised to vote in favour of emissions for our pool (further revenue streams). As mentioned above, accumulating fBEETS will allow us to vote in favour of proposals beneficial to us. One such example is allowing us to vote in favour of an increase to emissions for our LP pool. Which would be an additional revenue stream for our treasury. Not only that but we could also vote for pools in which we want to farm, creating further revenue streams for our treasury.

-Gauge systems are an important protocol mechanic that creates buying pressure, supporting price. What do we mean? Well, because BEETS is used in voting, it is in the interest of the holder to continue to accumulate for voting power. This creates a positive feedback loop for price as selling would diminish voting power.

-Accumulating BEETS at a low price has serious upside potential for treasury growth. Beethoven-x is an official fork of Balancer, they have the support of Balancer Labs and their technology and innovation. We are strong believers in the potential for their project and believe that it has huge upside. Accumulating now respresents an asymetric risk/reward for our treasury with huge potential upside.

-Being a stakeholder in our key partner creates further synergy and cements our vision for Fantom and future growth. Accumulating BEETS in our treasury will further support their market price as we become a large holder of their tokens, locked away. As our main DEX we are showing our belief in them as a key partner and we further strengthen our ties with them. It also cements our vision for Fantoms future growth, for us, our partners and the ecosystem as a whole.

To vote in favour of our proposal to begin offering fBEETS bonds please vote 'Yes in favour'.

To vote against the proposal please vote 'No, against'.