PR with Payload
Service Provider Name: Beethoven X DAO
Core Contributor(s): franz, groninge, daniel
Pledge to abide by [BIP-702] Balancer DAO Service Provider & Grantee Standards: Yes
Introduction & Domains of Operation:
Since the passing of BIP-254 and it’s subsequent extension (BIP-393, BIP-518, BIP-631, BIP-753), the Beethoven X DAO has functioned as a Balancer Service Provider since May 1, 2023. This proposal aims to extend the technical services and advisory component for an additional 3 months (July 1, 2025 - September 30, 2025). Our primary roles include API team lead (franzns), frontend contributor (groninge) and ecosystem technical lead (daniel). As we operate as a small part of a much larger system, our successes are enabled by many across the ecosystem. As such, we present a broad technical ecosystem update below.
Retrospective
The technical focus for the first half of 2025 has been clear and deliberate: drive adoption of Balancer v3 and demonstrate its potential as a platform for AMM innovation. This has meant not only enabling partners to build with confidence, but also delivering high-quality, internally developed products that showcase the strength and flexibility of building on Balancer.
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V3 Adoption
Enabled by the return of Boosted Pools and the introduction of Stable Surge, a novel dynamic fee mechanism, v3 recently surpassed $200M in TVL, and currently accounts for approximately 25% of total protocol TVL. This milestone marks a clear signal that v3 is gaining traction with both partners and liquidity providers, validating the protocol’s evolution and the effort invested in its rollout. -
Stable Surge: First Production Hook
Stable Surge, the first production hook on Balancer v3, introduced a novel dynamic fee mechanism that adjusts swap fees based on pool imbalance for stable and correlated asset pairs. Thanks to focused BD efforts led by Zen Dragon, these pools now represent a significant share of v3 TVL. Their success highlights the potential of v3 hooks to unlock new fee models and drive efficient, sticky liquidity into the protocol. -
QuantAMM: First Externally Built V3 Product
QuantAMM’s Blockchain Traded Funds (BTFs) represent the first externally developed products built directly on Balancer V3. The first iteration of BTFs leverage an on-chain momentum strategy to dynamically adjust portfolio weights based on market trends—allocating toward assets showing strength and reducing exposure to those losing momentum. -
Rapid Development with MEV Capture Hook
The MEV Capture Hook is a strong example of the accelerated development cycles enabled by v3. In just two months, the team took the concept from idea to production — delivering the first mechanism in DeFi to redirect priority fees from MEV searchers back to LPs. It’s a clear validation of the hook system’s power: enabling fast, modular innovation. -
A New veBAL User Experience
The veBAL interface received a complete overhaul — delivering a modern, frictionless experience for users. Locking BAL, managing veBAL positions, voting on gauges, and tracking incentives is now simpler and more intuitive than ever. This redesign reflects a broader focus on improving Balancer governance participation.
Key Objectives & Success Metrics
With Balancer v3 now live, adopted, and actively powering both internal and external innovation, our technical priorities for the next quarter are designed to extend this momentum — ensuring v3’s architecture becomes the preferred foundation for the next generation of AMM applications.
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Deepen Partner and Ecosystem Support
Balancer’s long-term success remains inseparable from the success of the protocols and products built on top of v3. Now that the core platform is stable and validated in production, technical teams across the ecosystem should shift focus outward — proactively supporting builders who want to leverage hooks, Boosted Pools, and custom pool logic. Our goal is to make every qualified partner feel confident and capable building on v3. -
Lead by Example with Internal Product Innovation
Internally built products like Stable Surge and the MEV Capture Hook have demonstrated what’s possible with v3’s architecture. We should continue to explore and prototype novel mechanisms that showcase this flexibility — setting a high standard for what can be built and attracting developers who want to do the same. -
Expand Integrations
V3 liquidity must be universally accessible. While v3 interfaces and conventions lower the barrier for integrators, friction points remain. We must continue closing these gaps — ensuring Balancer v3 pools are discoverable and tradable across all aggregators and important venues.
By focusing on these three areas — partner support, internal product leadership, and ecosystem-wide integration — Balancer can secure its position as the most capable, flexible, and innovative AMM platform in DeFi.
Build better. Build faster. Build on Balancer.
Length of Engagement & Budget
Beethoven X DAO is requesting 108,000 USDC for 3 months of funding starting July 1, 2025 and ending September 30, 2025.
In total our USDC cost basis breakdown looks as follows for 3 FTE:
| Position | Cost Basis |
|---|---|
| $ / FTE / month (USDC) | $12,000 |
The higher cost basis brings Beets contributor compensation in line with other ecosystem service providers, ensures we can retain critical technical talent, and helps offset the impact of dollar weakness against European currencies.
ETH Address to Receive Funds: 0x811912c19eEF91b9Dc3cA52fc426590cFB84FC86
Technical Specification
The DAO multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will interact with USDC at 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48 by writing transfer, passing 0x811912c19eEF91b9Dc3cA52fc426590cFB84FC86 as recipient and the amount 108000 as 108000000000.