BeethovenX sFTMX
SFTMX
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SFTMX (BeethovenX sFTMX) is a liquid staking receipt token for staked FTM on Fantom originally issued by Stader Labs and later transitioned to Beethoven X DAO governance. While the underlying smart contract was audited by Halborn in 2022 with no critical flaws and has no documented history of exploits, hacks, or insolvencies, the token suffers from severe market and developmental stagnation. Active development has ceased over the past 12-18 months with ecosystem focus migrating toward Sonic, daily trading volume has effectively collapsed (~$2.24), and community engagement remains negligible. With approximately a 98% decline from ATH and minimal liquidity, the token reflects a legacy asset posture despite formal DAO governance.
Development Activity
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Tokenomics
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Market & Use Case
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Team & Governance
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Security & Audits
Security history and audit status
About BeethovenX sFTMX (SFTMX)
SFTMX (BeethovenX sFTMX) is a liquid staking receipt token for staked Fantom (FTM) on the Fantom blockchain, originally launched by Stader Labs in April 2022 and later transitioned to Beethoven X DAO governance after Stader sunset its Fantom operations. Operating with an elastic mint and burn supply model, the token was created to provide liquidity and decentralized finance integration for staked FTM within the Beethoven X and Fantom ecosystems.
Governance over sFTMX is conducted by the Beethoven X DAO through Snapshot proposals, such as BIP-61, and gauge voting by maBEETS holders, while smart contract controls are held via a multisig wallet. The primary smart contract was audited by Halborn in April 2022, which reported only low and informational severity findings that were addressed prior to launch. The protocol has no recorded history of smart contract exploits or security breaches.
SFTMX faces significant market and operational challenges. Active protocol development has ceased for over 12 to 18 months as development attention transitioned toward the Sonic network, leaving sFTMX in a legacy state. Furthermore, the token has suffered severe liquidity contraction, with daily trading volume falling to negligible levels and the price declining approximately 98% from its all-time high of $1.67 alongside minimal community engagement.