Beethoven-X allows the creation of innovative pools that provide a number of advantages over the UniSwap V2 pools deployed by most DEX. The Beethoven-X team has also shown a deep commitment and dedication to the Fantom community, something we want to support.

We will be creating a new pool containing SCR and WFTM which will be weighted 0.80 SCR / 0.20 WFTM. To fund this new pool, 600 SCR and the matching amount of MIM will be pulled from the existing SpiritSwap LP. Approximately 9k MIM (assuming SCR is $60) will be swapped for WFTM and then deposited into the new pool along with the 600 SCR. The remaining MIM will be deposited into the Treasury.

This new pool will allow the DAO to better optimize the available liquidity by balancing between the two pools. As the new pool is heavily weighted towards SCR, it will allow the DAO to quickly accumulate excess SCR on the market at which point it can be held or burned (based on how the DAO decides to proceed).

With a weight of 80/20 the new pool will have much greater slippage; this will both disincentivize large sales and purchases will have a much more impact towards recovering the price. The 80/20 pool will accumulate SCR from swap fees much more quickly than a 50/50 pool and will allow the DAO to manage excess SCR.

The change will be executed between 16-01 00:00 UTC and 18-01 00:00 UTC.

We feel that Beethoven-X is, and will continue to be, a core part of the ecosystem; by building liquidity there we are committing to support their growth (and our own). We looking forwarding to building an even greater partnership going forward and will be actively pursuing opportunities to do so.

If you have any comments, questions, or concerns join us in Discord!

Stay Secure!

SecureDAO is happy to announce that we have partnered with @PhantomBunch to give away 2 NFTs from their new Descendants collection.

To be eligible for the giveaway you must:

• Verify your wallet and Twitter name at https://verify.securedao.finance

• Like and retweet the contest tweet as well as tag 3 friends in your retweet

• Follow both @SecureoDAO and @PhantomBunch on Twitter

• Have at least 1 SCR token staked (1 sSCR in your wallet) from January 09th 2022 UTC to January 16th 2022 UTC on SecureDAO

We will be validating on chain that each participant has staked SCR during the contest time so make sure you stay staked the whole time!

After January 16th 2022 UTC we will tally all the eligible participants and draw 2 random winners; then announce the winning Twitter users on January 18th 2022 UTC.

Verifying Your Twitter Name and Wallet

To ensure that everyone who participates in the contest plays fairly and follows the rules you'll need to verify your wallet and Twitter name used for the contest.

When you visit https://verify.securedao.finance you will be asked to complete a few short steps to verify.

• Connect your wallet

• Sign a message

  • this is just a short string of text to verify the wallet holder, it doesn't grant any permissions or access to funds.

• Log in with Twitter

  • this grants read-only access, no permission to tweet

Once you complete these steps your Twitter name and wallet address will be safely and privately stored.

SecureDAO won't have any permission to tweet, DM, or access your email/phone number.

SecureDAO will never share your Twitter information and it will be only be used for the purpose of making sure the contest rules are followed.