Beanstalk Farms · December 17th, 2022

Bi-Weekly Bean #17

This issue covers Seasons 8867 through 9208 which spanned 11/30/22 – 12/15/22.

Welcome to the Bi-Weekly Bean, the newsletter that recaps the latest developments in the Beanstalk ecosystem.

This issue covers Seasons 8867 through 9208 which spanned 11/30/22 – 12/15/22.

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

Beanstalk Governance Updates

  • BSP-9 passed, providing funding for the development and execution of the Coop, an implementation of Liquity’s Chicken Bonds within the Beanstalk ecosystem.
  • BIP-30 passed, introducing the Generalized Pipeline as well as ERC-20 and ERC-721 permit support. Here is an overview of what BIP-30 means for Beanstalk.
  • BOP-2, which seeks to increase the bounty for Beanstalk’s April 2022 exploit, was proposed on Snapshot. Voting is live now.

Feel free to drop by Beanstalk’s 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 8867-9208

The price of Bean crossed its peg 0 times and protocol liquidity decreased 0.8% to ~$26.6M.

The Pod Rate (outstanding Pods per Bean) decreased 1.4 points to 2288%.

The Temperature increase by 611 points to 5304%.

Notes and Recordings

Beanstalk Farms Updates

Audits in Progress

  • BIP-X: Sunrise Improvements
  • Upcoming Root work also under audit

Functionality and Development Upgrades

  • Christmas has arrived on the **Farm** with a new UI theme

Documentation Releases and Updates

  • V1 of the Agronomics Handbook, Beanstalk’s technical documentation, went live
  • A new set of Notion pages called the Community Resource Hub containing information like meeting notes, community grants, Immunefi bug reports, etc. went live

Other Beanstalk Ecosystem Updates

  • The Root token, Pipeline and Depot have been added as in-scope for the Immunefi Bug Bounty Program: https://immunefi.com/bounty/beanstalk
  • Beanstalk Farms released a new video explaining how Beanstalk seeks to solve the collateral problem that limits DeFi’s ability to attract real economic activity
  • The Bean Pod released a new episode with kirari, one of the co-founders of Paradox, a paramutuel sports betting protocol utilizing Root
  • Beanstalk Farms and Bean Sprout both published reports on their spending in November

Thanks for reading!

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


Subscribe

Subscribe to The Bi-Weekly Bean and we'll send major Beanstalk updates straight to your inbox.