- Protocol name: BeethovenX & Balancer
- Name of protocol representative(s) that will serve as delegate(s): solarcurve
- Link to delegate commitment : Delegate Commitments - #44 by solarcurve
- Is your protocol OP Native?: No
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Was your protocol active in Optimism governance prior to 12/5/22?: I’ve voted on 100% of votes in my capacity as a delegate but the protocol has not been active in governance beyond that.
- If so, please link to voting history (ie. Snapshot profile, delegate communication thread, twitter threads, etc.): My snapshot profile
- Why do you want to participate in this program?:
We’re very bullish on the future of Optimism, we’re here to stay, and we wish to play an important role in growing the network over the long run. I’ve been active as a delegate since the first phase 0 governance fund proposals were posted on the forum. Combined with the experience and talent at BeethovenX & Balancer we bring a wealth of DeFi expertise across the entire stack from governance to product to marketing. We believe we’ll bring a valuable perspective to the Optimism collective (and our track record so far strongly supports this).
- Why do you believe your protocol would be a good steward of the Optimism ecosystem?:
From the very beginning when we first decided to come to Optimism our focus has been on long term sustainability. Our grant was one of the earliest approved yet we’ve only spent ~70k OP out of the 500k. Still, we’re currently #9 in TVL, regularly do ~$1.5-2M vol per day, and have earned ~$20k in protocol fees per month on average in a challenging, low activity market.
We’ve delivered cutting edge DeFi tech like boosted pools to Optimism. We’ve returned protocol fees earned as Optimism back as incentives for Optimism LP’s. Our grant is certainly in the top echelon in terms of benefit to the network for the OP spent. This is the mindset we want to bring to the Optimism collective - responsible, sustainable growth that makes Optimism the dominant Ethereum L2 and delivering the world’s most advanced DeFi technology in a way that’s easy to use and understand.
- Do you agree to abide by the delegate code of conduct: Yes
- Please list any anticipated conflicts of interest: None