Beanstalk Farms · July 16th, 2022

Bi-Weekly Bean #7

A newsletter that recaps the happenings in the Beanstalk ecosystem. This issue covers the 7/01/22– 7/15/22 period.

What is Beanstalk? Beanstalk is a decentralized credit based stablecoin protocol built on Ethereum. Learn more at

We’re inching closer to Replant. Halborn, a blockchain security firm, completed a formal audit of Beanstalk’s smart contracts on July 13, 2022 in accordance with BFP-66.

This is one of two scheduled audits—the other audit with Trail of Bits is expected to wrap-up by the end of July 2022 ahead of replant. The full report can be found here.

BFP-79, a proposal to update various Beanstalk verbiage at the protocol, UI, and documentation level has passed.

BFP-80 is live and proposes to establish the Beanstalk Farms Committee (BFC), the committee that has decision making power for personnel decisions within Beanstalk Farms. Voting ends on Monday, July 18.

Two episodes of the The Bean Pod are live:

  • Episode 12 with Jonathan Wu from Aztec Netowrk; and
  • Episode 13 with Nick Mudge, inventor of the EIP-2535 Diamonds standard.

Make sure to also check out Beanthoven’s latest song, Fertilizer.

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

Replant Timeline

  • Halborn audit concluded this week
  • Trail of Bits audit concludes end of July
  • Replant Beanstalk thereafter (exact date to be voted on by the Beanstalk DAO)

Beanstalk Farms Updates

  • Beanstalk Water Treatment Process (per BIP-20)
  • Beanstalk UI development
  • Beanstalk Gitbook coming soon

Comments, suggestions or feedback? Please reach out to [email protected]