New Token Integration: integrating $BEETS on HYVE

HYVE

Nov 8, 2022 • 3 min read

Fall turned out to be just as busy as this summer. Following our V2 platform launch, we have promised to create a universal platform for freelancers, with payment options galore. For this reason, we are on a mission to handpick the best projects and offer our freelancers the best payment options.

Behold of Beethoven X, our new addition to the payment system, a project that aims to ease your journey in the crypto market because let’s face it: DeFi can be confusing; whether you’re a beginner or a seasoned veteran. Scroll down below to find out about the next generation of Decentralised Exchanges.

Hear what Beethoven X has to offer…

The future of DeFi, but re-imagineered, is here! Beethoven X is a community-driven DEX and DeFi powerhouse. As the first official friendly fork and built on Balancer V2, Beethoven X leverages best-in-breed DeFi protocols to offer novel decentralized investment strategies, making it the first next-generation AMM protocol on Fantom Opera and Optimism.

Beethoven X unlocks a flexible AMM structure for users. Unbound by a singular AMM design, the DEX offers both Uniswap and Curve style trading as well as innovative new designs. Most notably is the addition of weighted pools, a model that allows users to invest and trade with pools outside of the usual 50/50 confines. Behind the scenes, the Smart Order Router (SOR) intelligently sources liquidity from multiple pools so as to automatically figure out the best available price from all available pools.

Balancer is an automated portfolio manager, liquidity provider, and price sensor that empowers decentralized exchange and the automated portfolio management of tokens on the Ethereum blockchain and other EVM-compatible systems. With this mechanism, needs of both Liquidity Providers and Traders are satisfied:

Liquidity Providers collect trading fees, while their portfolio is continuously rebalanced
Traders gain access to an open, decentralized exchange that never closes, allowing them to swap what and when they like for low fees

Eat your $BEETS!

$BEETS is the governance token of Beethoven X, available on the Fantom, Opera and Optimism chains, that ensures its liquidity stakers will collect a portion of protocol fees.

Designed to evolve and adapt, $BEETS stakers will be provided with all the tools necessary for anyone to participate in the future of finance. How, you might ask?

For traders - take advantage of optimal swap rates, minimal slippage and concentrated liquidity as the Smart Order Router seeks to find traders the most optimal price
For investors - flip traditional finance with customizable crypto index funds; eliminate the middleman and earn yield on your portfolio
For protocols - Beethoven X leverages constant innovation to bring to its users novel primitives tailored to meet the demands of an ever-changing marketplace

In addition, Beethoven X is bringing power back to the people! The $BEETS token grants users the ability to influence the evolution of the protocol through decentralized governance; so that you can make sure your voice is heard and have your say in decisions that shape the future of Beethoven X! Scroll down below for the contract address in order to add $BEETS to your digital wallet and use it to pay for tasks and jobs on the HYVE Platform!

FTM: 0xf24bcf4d1e507740041c9cfd2dddb29585adce1e

What’s cooking at HYVE?

HYVE has some major things in store for the near future. We have already told you about our plans to redesign the website to reflect the HYVE brand and the ever-changing nature of blockchain and freelancing.

In case you had doubts about freelancing, now it’s the best time to start. What is more, HYVE provides the lowest fees in the market, with 0.9% for any payment completed in $HYVE. For stables, $BTC and $ETH the fee is 2.9%, whereas for altcoins the fee goes up to 7.9%. Nevertheless, the fee can be halved by paying it in $HYVE. This is incomparable with Upwork, Freelancer.com and Fiverr, that charge up to 20% of the total fee. Remember, don’t miss this opportunity now - come join us on HYVE!

Disclaimer

The information provided does not constitute investment advice, financial advice, trading advice, or any other sort of advice, HYVE does not recommend that any cryptocurrency should be bought, sold, or held by you. When deciding how to invest in cryptocurrency and blockchain technology, please do your own risk assessment. HYVE is not liable for investment gains or losses.