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What is Beets (BEETS)?
Beets is an innovative center for liquid staking and AMM (Automated Market Maker) on Sonic Network, serving as the main platform providing open, user-friendly, and completely permissionless decentralized financial tools.
Built by a global collective of contributors, Beets provides a DEX protocol, liquid staking token protocol (stS), along with a DAO governance system based on the BEETS token.
How does Beets work?
Beets provides three main functional layers:
- DEX (Decentralized Exchange): Beets' DEX uses technology from Balancer, allowing the creation of custom liquidity pools, diverse token swaps, and flexibility with dynamic swap fees and extensible hooks.
How DEX on Beets works - Liquid Staking Token (stS): When users stake $S token on the Beets platform, they receive stS – a token representing staking ownership. stS continuously increases in value according to staking rewards and can be traded in DeFi as a liquid asset.
How Liquid Staking stS works on Beets - Governance: Beets is managed by the community through Beets DAO with key components like Music Director Committee, Guide Tone Committee, Ludwigs, and Delegate Program.
A total of 78% of remaining BEETS are not specifically allocated to fixed categories like "team", "investor", "treasury", but are allocated by the DAO on a quarterly basis, through the Quarterly Budget System.
Each quarter, the DAO will decide:
How many BEETS to farm/stake/gauge
How many BEETS to use as incentives for LST
How many to keep as treasury or discretionary
Use of BEETS Token
- Governance of the entire protocol (DEX, stS, Treasury)
- Participate in gauge voting to determine incentive distribution
- Receive rewards from protocol fees and buyback program
Development Roadmap
- Deploy Beets DEX on Sonic
- Expand hooks and strategic pools
- Launch flexible quarterly incentive program
- Increase stS integration with DeFi protocolsols
Team and Community Governance
Beets is managed by a decentralized DAO system:
- Music Director Committee: Draft quarterly budgets
- Guide Tone Committee: Define development strategy
- Ludwigs: Propose and defend technical improvements
- Delegates: Community representatives votingters
All proposals require a quorum of 4 million votes on Snapshot.
Similar Projects
- Lido Finance: Liquid Staking ETH
- Balancer: Multi-asset DEX with flexible swap fees
- Aura Finance: Balancer gauge vote governance protocol
Overall Assessment
Beets stands out in the Sonic ecosystem with two pillars: flexible AMM and liquid staking token stS. The quarterly budget approach helps optimize the BEETS token flow while expanding community governance and control. powerful hooks technology, multi-network strategy, and an expanding ecosystem,eets is project to watch as follow as sonic continues to.
Frequently Asked Questions about Beets
Which network does Beets operate on?
stake the S token to receive stS, which automatically increase in value based on staking rewards.
Beets is primarily deployed on the Sonic Network.Does BEETS have a fixed release schedule?
No. The release is determined through the Quarterly Budget by the Beets DAO.How can I earn BEETS?
Can provide liquidity on the DEX, stake LP to receive rewards, or participate in gauge voting.Summary
Beets is a pioneering DentraleFi platform on Sonic, combining a flexible DEX model with liquid staking to build an openopen financial financial ecosystem that optimizes yieldoptimizes yield and empowers the community. Stay updated on technology, rewards, and developments.
