Hi @lavande
Thanks for reaching out! I am responding to you as I do the financial reporting for Beethoven X.
Our grant proposal allows us only to spend the grant money if we can match it with protocol fees.
We wanted to give back to the Optimism ecosystem so we decided to see if we could take things a step further. We have achieved this by using our protocol fees to buy $OP tokens on the open market. This enabled us to do the matching on a token level.
As of today, we have spent a net of 71k $OP tokens, which has been an important part of maintaining our TVL at around the $19m mark. We are very proud of how efficient this strategy has been in terms of $OP spent.
Below is a detailed breakdown of the activity.
Some partner protocols asked us to distribute their $OP grant on their behalf, which is included in both the inflow and outflow.
If you would like to verify these numbers, our Treasury multisig can be found here: