Beanstalk Farms · August 2nd, 2022
What is Beanstalk? Beanstalk is a permissionless fiat stablecoin protocol built on Ethereum. Learn more at bean.money.
Mark your calendars, we have a date! On August 6, 2022 at around 16:00 UTC, Beanstalk will be Unpaused per BIP-21, the proposal to Replant Beanstalk.
If you haven’t voted, you can do so here.
BIP-21 primarily does three things:
Upon the passing of BIP-21, Humidity will drop from 500% to 250%. You can read more about the BIP here.
Moreover, the first 4 BFCP-As have been proposed on Snapshot. BFCP-As are proposals to be on the Beanstalk Farms Committee that has discretion over the BF budget, including contributor compensation. The proposals will require a 25% quorum (currently ~53M Stalk) and majority vote For in order to pass. You can read the proposals and vote here. You can also read more about the BFC in BFP-81, which proposed several updates to the governance structure of Beanstalk Farms.
Trail of Bits completed a formal audit of Beanstalk’s smart contracts on July 22, 2022. You can read more about the audit and the reports here.
Three episodes of the The Bean Pod are live:
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]
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