Beanstalk Farms · November 18th, 2022

Bi-Weekly Bean #15

A newsletter that recaps the latest developments in the Beanstalk ecosystem. This issue covers Seasons 8171 through 8557 which spanned 11/2/22 – 11/16/22.

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

  • BIP-29 - Pod Market Price Functions -** passed by a vote of the Beanstalk DAO. BIP-29 improves the composability of Farm balances and implements V2 Pod Orders and Listings, which prices Pods as a function of their place in the Pod Line.
  • Root, a permissionless fungible wrapper that enables collective farming for Beanstalk Silo Deposits launched!
  • Just in time for 2022 FIFA World Cup, Paradox also launched, providing liquid peer-to-peer betting markets utilizing the Root token.
  • Check out Beanthoven's narration of Degen Devil's visit to the Farm.
  • The BCM updated Beanstalk to fix three bugs reported by a whitehat on Immunefi. You can read about EBIPs 4-6 here.

Feel free to drop by Discord if you have any questions—the Beanstalk community is full of curious Farmers who enjoy answering questions and discussing interesting ideas.

Protocol Summary - Seasons 8171-8557

The price of Bean crossed its peg 197 times and protocol liquidity decreased 1.7% to ~$27.3M.

The Pod Rate (outstanding Pods per Bean) decreased 33.8 points to 2307%.

The Temperature decreased by 148.0 points to 3903%.

Notes and Recordings

Protocol Updates

  • BIP-29 - Pod Market Price Functions
  • EPIB-4: Remove v1 Pod Order Functions
  • EBIP-5: Remove transferTokenFrom Function
  • EBIP-6: Resolve EBIP-4 and EBIP-5

Beanstalk Ecosystem Developments

  • Root launch: a permissionless fungible wrapper that enables collective farming for Beanstalk Silo Deposits.
  • Paradox launch: a parimutuel betting protocol built on Ethereum and using the Root token, designed to scale betting liquidity on the blockchain.

Beanstalk Farms Updates

Audits in Progress

  • BIP-X: Sunrise Improvements
  • Full re-audit of Beanstalk

Functionality and Development Upgrades

Thanks for reading!

If you have any comments, suggestions or feedback, please reach out to [email protected]


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