Understand the Crypto Assets project Beets in one article $BEETS

Beets ($BEETS) is a decentralized finance (DeFi) protocol focused on liquid staking and automated market maker (AMM) innovations, and it is the flagship hub on the Sonic blockchain.

As a global contributor collective, Beets is dedicated to building open-source, decentralized financial software, emphasizing simplicity and usability. Its core mission is to provide users with accessible, permissionless on-chain tools to help achieve the preservation and growth of capital.

Beets' technology stack mainly includes a decentralized exchange (DEX) for seamless asset trading and innovative yield generation, as well as a liquid staking token (LST) protocol that allows users to easily obtain native staking rewards from the Sonic blockchain.

Through these tools, Beets aims to address the issues of liquidity fragmentation and yield efficiency in traditional DeFi, promoting the overall development of the Sonic ecosystem.

History and Development:

The origin of Beets can be traced back to the Beethoven X project on the Fantom network, which was an early AMM DEX known for its innovative liquidity pools and yield optimization mechanisms. Beethoven X quickly rose in the Fantom ecosystem, providing efficient token swaps and liquidity incentives, but as Fantom upgraded to the Sonic blockchain (Sonic is a high-performance iteration of Fantom), Beethoven X underwent a comprehensive transformation, rebranding as Beets 2.0. This migration process began at the end of 2024 and was completed in early 2025, marking a smooth transition of Beets from Fantom contracts to Sonic contracts.

The migration uses LayerZero bridging technology to ensure a 1:1 exchange of $BEETS, maBEETS (the management LST of Beets), sFTMx (the old LST), and liquidity pool (LP) assets.

The specific steps include: users bridging operaBEETS (old version) to sonicBEETS, with a bi-directional exchange period of 90 days turning into a uni-directional exchange; maBEETS holders need to unlock positions, bridge tokens, exchange wFTM for S (Sonic native token), stake for stS, and rebuild positions to obtain future reward NFTs; sFTMx needs to undelegate, wait for a 24-hour unlock period, then bridge and restake. The liquidity pool migration involves extracting, bridging, and rebuilding in Sonic-compatible contracts token by token. The strategic pool at launch includes S-LST | wS, USDC | S-LST, and USDC | USDT, aiming to quickly restore liquidity and attract new users.

This transformation not only enhanced the scalability of the protocol but also received funding support from Sonic, further consolidating Beets' core position in the ecosystem.

The core functions and product design of Beets revolve around liquid staking and liquidity management, aiming to provide users with an efficient and capital-efficient DeFi experience.

Its main functions include:

Liquid Staking Protocol (LST Hub): Beets is the main protocol for LST on Sonic, supporting the minting, staking, liquidity provision, and lending of LSTs such as stS. Users can stake S tokens as stS, retaining liquidity while earning staking rewards. This resolves the locking issue of traditional staking, maximizing capital efficiency, with all LST activities concentrated on the Beets platform.

Decentralized Exchanges (DEX) and AMM Innovation:

Based on Balancer v3 technology, Beets offers 100% Boosted Pools, allowing users to earn both swap fees and lending rates in a single position. Custom pools support an improved developer experience (DX), hooks for custom behavior and dynamic fees, as well as yield capture mechanisms that make the DEX itself a yield-bearing asset. Additionally, Beets integrates real-time yield generation to optimize the efficiency of liquidity pools.

Validator Operations: Beets DAO manages an S validator, supporting the security and decentralization of the Sonic network. Through stS liquidity, this validator may become a focal node and serve as a source of income, further strengthening the protocol's sustainability.

These features emphasize user-friendliness, including intuitive UI/UX design and community-driven innovation, ensuring that even beginners can easily participate.

$BEETS Token Economics:

$BEETS is the core governance and utility token of the Beets ecosystem, with an initial total supply that is unlimited, but sustainability is achieved through dynamic adjustments. In the Beets 2.0 update, the token economics have been optimized to support a long-term value-driven flywheel mechanism.

Specifically includes:

Issuance and Inflation: Transitioning from a fixed maximum supply to a per-second emission model, the configurable inflation rate allows for flexible adjustments in incentive distribution. Inflation is primarily directed towards strategic initiatives such as liquidity incentives and developer funding, avoiding short-term speculation.

Practicality: $BEETS is used for governance voting, staking to earn rewards, unlocking platform features (such as access to advanced pools), and participating in DAO decision-making. maBEETS holders can capture income from Balancer technology profits and validator operations, with these profits flowing to the DAO and stakers.

Buyback and Burn Mechanism: Beets Engine repurchases $BEETS through protocol revenue, such as the recent buyback of 1.32 $BEETS, aimed at reducing circulating supply and enhancing token value. This mechanism emphasizes long-term economic alignment, positioning $BEETS as the central asset of the Sonic financial ecosystem.

Allocation: The initial distribution focuses on the community, liquidity providers, and contributors, with migration period rewards for NFTs further incentivizing early users. As of October 22, 2025, the price of $BEETS is approximately $0.01872, with a 24-hour trading volume of around $16,938, and a stable market cap facing slight fluctuations.

Governance and Community Beets adopts a DAO governance model, where $BEETS holders participate in proposal voting and decision-making through staking, covering protocol upgrades, incentive distribution, and validator management. The community is the core driving force of Beets, with the official Discord and X (

@beets_fi is the main interaction channel where users can share insights, collaborate on projects, and shape the ecosystem. Beets emphasizes transparency and inclusivity, regularly hosting events like the Concerto Programme to reward contributors and innovators.

This structure ensures that the evolution of the protocol aligns with user interests, facilitating a seamless transition from Fantom to Sonic. The team and financing Beets operate as a decentralized collective, composed of global DeFi contributors, without a traditional centralized team structure. However, the core developers include senior engineers from Yearn Finance (such as banteg) and collaborators from projects like IBC Group and Rainbow.

In terms of financing, Beets is supported by Sonic ecosystem funding and Balancer integration, with no large-scale VC rounds disclosed, instead relying on community-driven bootstrapping. This model embodies its open-source spirit, prioritizing sustainable growth over external capital. Current status and future outlook As of October 2025, Beets is running steadily on Sonic, with a 30-day trading volume of $144.18 million on the DEX and an annualized fee of $4.53 million, demonstrating strong adoption.

Despite facing market fluctuations, the LST focus of the protocol and the Balancer v3 upgrade (expected in January 2025) inject new vitality into it.

In the future, Beets plans to deepen dynamic token economics to achieve sustainable growth, enhance UI/UX, lead the LST market, empower customized AMM on Balancer v3, integrate partner products, and reward participants through community initiatives.

Beets aims to become the infrastructure for Sonic liquid finance, assisting the ecosystem in evolving from high-performance trading to a comprehensive DeFi hub.