Beanstalk Farms · June 17th, 2022
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.
The past two weeks have seen a series of proposals, here is a summary of them:
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.
Comments, suggestions or feedback? Please reach out to [email protected]