BeethovenX sFTMX (SFTMX)
CryptoScore Pro global score : 46/100 (computed on 2026-10-30)
BeethovenX sFTMX (SFTMX) is a liquid staking derivative (LSD) token within the Fantom ecosystem, designed to unlock liquidity for users who stake their native FTM tokens through Stader Labs. Operating on the Fantom Opera blockchain, SFTMX serves as a yield-bearing asset that represents staked FTM while allowing holders to participate in decentralized finance (DeFi) activities without sacrificing staking rewards. This dual utility addresses a critical pain point in proof-of-stake networks: the opportunity cost of locking assets for staking. By bridging the gap between staking and DeFi, SFTMX targets both passive income seekers and active DeFi participants, positioning itself as a foundational primitive for Fantom’s growing DeFi infrastructure. Its relevance is amplified by Fantom’s focus on high-throughput, low-cost transactions, which aligns with the needs of users seeking efficient capital deployment in a multi-chain environment. Technologically, SFTMX is built on Stader Labs’ liquid staking protocol, which mints sFTMX tokens in a 1:1 ratio to staked FTM, minus a small protocol fee. These tokens accrue staking rewards over time, reflected in their increasing value relative to…
Scores by pillar
| Technology | 32/100 |
|---|---|
| Tokenomics | 82/100 |
| Team | 45/100 |
| Adoption | 55/100 |
| Liquidity | 23/100 |
| Compliance | 60/100 |
Market data
| Price | $0.0473 |
|---|---|
| Market cap | $937,595.77 |
| 24h volume | $1.36 |
| Market cap rank | #2973 |
| 24h change | 0% |
| 7d change | -9.29% |
| Blockchain | Fantom |
| Sector | DeFi |
Analysis
The sFTMX protocol aims to address liquidity fragmentation in DeFi. It is a synthetic asset representing FTM tokens staked on the BeethovenX exchange. The system is built on the Fantom Opera chain. The token is primarily used for staking and yield farming, i.e., the generation of yield.