Beets

Buybacks up, emissions down.

The first buyback under BIP-116 went through yesterday with ~800k BEETS bought from the open market.

Gauge emissions drop from 420k to 300k $BEETS from mid-September.

Fewer $BEETS going out, more being bought back each month.

11.21% on Liquid Alignment, our stS/wS pool.

A dedicated stable pool optimised for LPing an LST against its base asset.

Hard to beat on a risk-adjusted basis, and the staking yield keeps running underneath.

beets.fi/pools/sonic/v3…

🫡

More than 1 in every 10 staked $S now runs through $stS.

120M+ and counting. 🫡

This one's hard to read.

Beets started as a Balancer fork. The architecture, the pool types, the thinking behind all of it, that's their legacy. We wouldn't exist without them, and a good deal of DeFi wouldn't look the way it does either.

For anyone asking, Beets isn't winding down. Our contracts are deployed and running on Sonic, pools and withdrawals work as they did yesterday, and $stS is unaffected. Business as usual.

Here's to years working closely alongside such a wonderful team.

Big love to the @Balancer crew.