Bi-Weekly Bean #17
This issue covers Seasons 8867 through 9208 which spanned 11/30/22 – 12/15/22.
Welcome to the Bi-Weekly Bean, the newsletter that recaps the latest developments in the Beanstalk ecosystem.
This issue covers Seasons 8867 through 9208 which spanned 11/30/22 – 12/15/22.
What is Beanstalk? Beanstalk is a permissionless fiat stablecoin protocol built on Ethereum. Learn more at bean.money.
Beanstalk Governance Updates
BSP-9 passed, providing funding for the development and execution of the Coop, an implementation of Liquity’s Chicken Bonds within the Beanstalk ecosystem.
BIP-30 passed, introducing the Generalized Pipeline as well as ERC-20 and ERC-721 permit support. Here is an overview of what BIP-30 means for Beanstalk.
BOP-2, which seeks to increase the bounty for Beanstalk’s April 2022 exploit, was proposed on Snapshot. Voting is live now.
Feel free to drop by Beanstalk’s Discord if you have any questions—the Beanstalk community is full of curious Farmers who enjoy answering questions and discussing interesting ideas.
Protocol Summary - Seasons 8867-9208
The price of Bean crossed its peg 0 times and protocol liquidity decreased 0.8% to ~$26.6M.
The Pod Rate (outstanding Pods per Bean) decreased 1.4 points to 2288%.
The Temperature increase by 611 points to 5304%.
Notes and Recordings
Beanstalk Farms Updates
Audits in Progress
BIP-X: Sunrise Improvements
Upcoming Root work also under audit
Functionality and Development Upgrades
Christmas has arrived on the Farm with a new UI theme
Documentation Releases and Updates
V1 of the Agronomics Handbook, Beanstalk’s technical documentation, went live
A new set of Notion pages called the Community Resource Hub containing information like meeting notes, community grants, Immunefi bug reports, etc. went live
Other Beanstalk Ecosystem Updates
The Root token, Pipeline and Depot have been added as in-scope for the Immunefi Bug Bounty Program: https://immunefi.com/bounty/beanstalk
Beanstalk Farms released a new video explaining how Beanstalk seeks to solve the collateral problem that limits DeFi’s ability to attract real economic activity
The Bean Pod released a new episode with kirari, one of the co-founders of Paradox, a paramutuel sports betting protocol utilizing Root
Beanstalk Farms and Bean Sprout both published reports on their spending in November
Thanks for reading!
If you have any comments, suggestions or feedback, please reach out to ereal@bean.farm.