Beethoven X Partnership with Olympus DAO

Published on: 18.01.2022

Users can now exchange A Late Quartet liquidity token (FTM-USDC-ETH-BTC) for BEETS using the process of bonding on Olympus Pro.

The amount of BEETS received is determined by the value of the BPTs exchanged

The bonding of the BPTs takes place over a period of 5 days at the end of which the user will receive BEETS at a discounted rate compared to the market value

BEETS will be released linearly over the vesting period and will be claimable in segments during the bond or in full when the bond is complete

N.B — The ROI is subject to change as demand for the bonding pair increases

The BEETS used in the bonding are taken from farm emissions on the Beethoven X protocol

At the end of the vesting period Beethoven X obtains ownership of the BPTs provided in exchange for the bonding process.

Step 1. Check out the bonds marketplace on OlympusPro.
Step 2. Connect your metamask to the server.
Step 3. Select the Late Quartet bond pair and click bond.
Step 4. Claim your rewards and receive some BEETS

OlympusPro

OlympusPro is a service offered by OlympusDao for partner protocols to buy their own liquidity.

Instead of staking liquidity provider tokens (LPTs) for farming rewards, users can exchange LPTs for a protocol’s governance token at a discounted rate through a process called bonding.