Beanstalk Farms · June 17th, 2022

Bi-Weekly Bean #5

A newsletter that recaps the happenings in the Beanstalk ecosystem. This issue covers the 6/1/22– 6/16/22 period.

What is Beanstalk? It’s a decentralized credit based stablecoin protocol built on Ethereum. Learn more at bean.money.

The Barn Raise is off to a great start, with over $9.9M (~13%) raised in its first 11 days.

For more information on the Barn Raise check out The Path Forward. For information on how to participate in the Barn Raise check out A Farmer's Guide to the Barn Raise.

The past two weeks have seen a series of proposals, here is a summary of them:

  • BFP-73: Beanstalk Community Multisig
  • BFP-74: Various BCM and BIP Process Amendments
  • BFP-75: Choose BEAN:3CRV for the Replant Liquidity Pool; Set Initial Minting Schedule
  • BFP-76: A follow-up to the Replant pool based on the outcome of BFP-75
  • BIP-20: Migration of Balances

BFP-76 is currently being discussed on Discord here. BIP-20 is the first BIP to be proposed after the exploit. BIPs need 50% minimum Stalk voting in favor in order to pass, Stalk holders are encouraged to vote here.

The Trail of Bits audit started on June 6 and have asked to extend the audit until the first week of July which is expected to push back the Replant.

Also, the latest episode of The Bean Pod is live. Listen in as Rex and Publius talk about Soil, Beanstalk's willingness to issue debt, and its importance to the protocol's peg maintenance and debt level.

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

Protocol Timeline

June 2022

  • Halborn audit complete by end of month

July 2022

  • Trail of Bits audit complete by early July
  • Audit reports published in mid July
  • Replant Beanstalk (exact date to be voted on by the Beanstalk DAO)

Beanstalk Farms Updates

  • Barn Raise Dune analytics page
  • Version 1 of the Gitbook is being drafted
  • Version 2 of the Farmers Market
  • Beanstalk subgraphs

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.