Beanstalk Farms · September 1st, 2022

Bi-Weekly Bean #10

Welcome to the Bi-Weekly Bean, the newsletter that recaps the latest happenings in the Beanstalk ecosystem. This issue covers the 8/17/22–8/31/22 period.

What is Beanstalk? Beanstalk is a permissionless fiat stablecoin protocol built on Ethereum. Learn more at bean.money.

BOP-1 – the ratification of the Disclosures Statement – has been passed by a vote of the DAO.

Beanstalk is an experiment. The Beanstalk DAO endeavors to be as transparent as possible, particularly as it pertains to communicating the risks of interacting with Beanstalk.

As the Beanstalk community knows, an educated set of Farmers puts the protocol in the best position to succeed. The DAO ratifying these disclosures is another step in that direction.

The Disclosures can be found on Arweave or in the Farmers' Almanac. You can read more about BOPs (Beanstalk Operations Proposals) here.

BFRPP-1, a proposal to retroactively pay Beanstalk Farms contributors in Unripe Beans for their contributions between the exploit and Unpause, and BSP-7, a proposal to fund the Bean portion of the six-month Halborn retainer by Bean Sprout, have passed.

A new episode of the The Bean Pod is live:

Moreover, Publius was interviewed on MarketCapping by DCF GOD and Small Cap Scientist.

Lastly, feel free to drop by Discord if you have any questions—the community is always available to help and answer questions.

Protocol Summary

price

The overall protocol has remained stable over the last two weeks with the price of Bean tightly pegged and little change to the Bean supply and the Pod Rate.

supply

pod rate

Demand for Soil continues to be strong and is reflected in the Temperature.

temperature

Beanstalk Farms Updates

  • Disclosures Statement
  • Launch the Swap page
  • Launch the Governance page
  • Launch the Pod Market graph v1
  • Various other UI updates
  • Beanstalk zero fee AMM in development

Comments, suggestions or feedback? Please reach out to [email protected]


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