Beanstalk Farms · November 2nd, 2022
Welcome to the Bi-Weekly Bean, the newsletter that recaps the latest happenings in the Beanstalk ecosystem. This issue covers the 10/17/22– 11/1/22 period from Season 7781 to 8170.
What is Beanstalk? Beanstalk is a permissionless fiat stablecoin protocol built on Ethereum. Learn more at bean.money.
Happy Halloween Farmers!
The BCM updated Beanstalk to fix a bug in the Pod Market reported by a whitehat on Immunefi last week (no funds were at risk). You can read about EBIP-3 here.
The Beanstalk Community Grant Program has now been live for one quarter. In this article, we recognize the excellent community-produced content that was awarded Beans during Q3 2022.
Lastly, feel free to drop by Discord if you have any questions—the community is always available to help and answer questions.
The price of Bean crossed peg 141 times and is currently at $1.0001. Bean liquidity dropped by 1.1% to ~$27.7M.
The Pod Rate (The ratio of outstanding Pods per Bean, displayed as a percentage) decreased by 19.3% to 2341%.
The Temperature decreased by 382% to 4051%
Comments, suggestions or feedback? Please reach out to [email protected].