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

Fall is here and the Farm has a new theme!

There are currently 5 governance proposals live for voting:

Voting ends Wednesday

• BIP-24: Fungible BDV Support
• BIP-25: Beanstalk Farms Q4 Budget
• BFCP-C-1: BFC Member Term Extension, Q3 2022

Voting ends Thursday

• BIP-26: Immunefi Bug Bounty Program
• BIP-27: Bean Sprout Q4 Budget

Other updates:

• A newly created channel on Discord for ideas is active with discussions around adjusting the Sunrise reward and rebalancing Seeds for Unripe assets taking place.
• Publius published an RFC on GitHub for Pipeline + Depot V2
• A new episode of the The Bean Pod is live: Episode 20: Scaling Ethereum with Scroll
• Moreover, Publius was interviewed on The Block Runner, The New York Times and Blockworks.

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

Protocol Summary

The protocol experienced outflows in the past two weeks resulting in the price of Bean to drop to $0.977. This is reflected in Bean liquidity which has dropped by 4.2% to ~$28.7M.

The Pod Rate (The ratio of outstanding Pods per Bean, displayed as a percentage) has increased by 0.5% to 2445%.

Demand for Soil dampened which has lead the Temperature to rise in the Field by 19.3% to 4239%.

Beanstalk Farms Updates

• Fall theme is released on app.bean.money.
• Pod Market V2 is being audited by Halborn.
• Halborn is currently working with the Beanstalk Seraph Committee on the Seraph procedures.
• A full re-audit of Beanstalk is also in progress by Halborn.
• Beanstalk Farms released its September operations report, which provides line-by-line details on how Beanstalk Farms is using its budget.

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