Beanstalk Farms · April 7th, 2022
Today, Beanstalk Farms is pleased to announce that BIP-14, the Beanstalk Farms Q2 2022 Budget, has been passed by an on-chain vote of the Beanstalk DAO.
Beanstalk Farms is a decentralized development team supporting Beanstalk. The organization is collectively focused on fulfilling three major ongoing objectives:
BIP-14 funds Beanstalk Farms through Q2 2022, allocating 2,000,000 newly-minted Beans and 383,209.94 Beans to be rolled over from the remaining Q1 2022 Budget, comprising a total budget allocation of 2,383,209.94 Beans.
Each new Beanstalk Farms contributor will have an individual Snapshot proposal to affirm their role within the organization. Current contributors will only require a Snapshot proposal if their role or pay has significantly changed since Q1, or the entire payment from their previous proposal has been made.
Beanstalk is a decentralized protocol that allows anyone to realize the value of an open, credit based stablecoin. The Beanstalk community of lenders, borrowers and savers secures a protocol-native stablecoin, Bean, with the goal of creating the world’s most accessible digital money system. By eliminating collateral requirements, Beanstalk aims to be the catalyst for a trustless solution to unlock the universal potential of decentralized finance. Learn more at bean.money.