# Balancer & BeethovenX - Grantee accountability Thread

**URL:** <https://gov.optimism.io/t/balancer-beethovenx-grantee-accountability-thread/6453>\
**Category:** Accountability  🗂️\
**Created:** [July 15, 2023, 9:49pm UTC](https://gov.optimism.io/t/balancer-beethovenx-grantee-accountability-thread/6453 "2023-07-15T21:49:09Z")\
**Posts on this page:** 1\
**Showing post:** 2

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**Author:** ![Netrim](https://dub1.discourse-cdn.com/bc41dd/user_avatar/gov.optimism.io/netrim/32/6942_2.png) [@Netrim](https://gov.optimism.io/u/Netrim)\
**Post date:** [February 4, 2024, 1:14pm UTC](https://gov.optimism.io/t/balancer-beethovenx-grantee-accountability-thread/6453/2 "2024-02-04T13:14:13Z")

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Hello everyone, I am writing this post as a member of the BeethovenX DAO in regards to the Balancer & BeethovenX joint deployment on Optimism.

As of Decemeber 31st, Beethoven X has spent a net of 153k $OP tokens, with 171k $OP bought back from the open market with protocol fees. This structure helped amass $30 million in TVL in December. The DAO is proud of how mutually beneficial and efficient this strategy has been in terms of $OP spent and will continue to move forward with new implementations and partners.

Some partner protocols asked the Beethoven X DAO to distribute their $OP grant on their behalf; these are all included in the table’s inflow and outflow.

 ![image](https://europe1.discourse-cdn.com/bc41dd/original/2X/d/d2356826d31b52db5e240f8f2357901982202fdc.png)

Currently, the combined Balancer/BeethovenX deployment holds the highest amount of rETH, sfrxETH and wstETH liquidity on Optimism in a myriad of pools catered to different risk flavors, and the DAOs sustained approach for the grant has enabled a continued reward emission with a minimal usage and a higher throughput.

With Aura Finance fueling cross chain boosts we look to further increase the usability and composability of yield bearing assets.

If you would like to verify any numbers discussed above, the Beethoven X DAO Treasury multisig is found here:

> **[GnosisSafeProxy | Address 0x2a185c8a3c63d7bfe63ad5d950244ffe9d0a4b60 | OP...](https://optimistic.etherscan.io/address/0x2a185c8a3c63d7bfe63ad5d950244ffe9d0a4b60)**
>
> The Contract Address 0x2a185c8a3c63d7bfe63ad5d950244ffe9d0a4b60 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on OP...

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_[View the full topic](https://gov.optimism.io/t/balancer-beethovenx-grantee-accountability-thread/6453)._