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The Stonk SocietyThe Stonk Societyby0x35128c4263aA0213c59A897Fd31d8C837E8B71C80x3512…71C8

Proposal to Shift Beethoven Funds To A Different Pool

Voting ended almost 4 years agoSucceeded

Currently we have our funds on Beethoven in the "Fantom Conservator of Music" Pool which offers a 50% APR at the moment. However, with the new emissions we feel it's a better option to shift the funds to "The Vaults of The Lonely Mountains" as the APR for this pool is 430%+ at the moment of writing this.

Please evaluate the following pros & cons before making a decision.

Pros :

  1. More $BEETS rewards
  2. $RING rewards also coming from bribes

Cons :

  1. The initial capital into the Beets pool was 10550 FTM. However, the current value of this 10550 FTM is about 9600 FTM because of the sudden drop in prices. Our treasury funds itself are still profitable overall, but removing the funds from here would be an opportunity cost which could either be a good or bad thing.

Points to remember before voting : If the prices of the assets in the "Fantom Conservatory of Music" pool recover by the end of the cycle, the treasury funds value in FTM itself would increase overall, meaning that could be additional profits. But there are chances that we could bleed out more and have poor APRs on this pool which would mean lesser rewards as well.

The treasury is still profitable overall so now would be a good time to decide.

Off-Chain Vote

Let funds stay in Fantom Cons.
19.37 4.9%
Shift funds to Lonely Mountains
376.63 95.1%
Download mobile app to vote

Timeline

Feb 11, 2022Proposal created
Feb 11, 2022Proposal vote started
Feb 12, 2022Proposal vote ended
Oct 26, 2023Proposal updated