Beanstalk Farms

Proposer: Beanstalk Farmer

Summary: Add “sync” to the BFC in anticipation of the removal of current BFC members

Quorum Note: Quorum is 35% of total outstanding Stalk participating in the vote.

Voting Choices: Add “sync” as BFC member Don’t Add “sync” as BFC member

Background: According to Beanstalk Farms governance, at least 3 BFC members will control Beanstalk Farms. Accordingly, there are current proposals to remove the current BFC members due to lack of communication and replace them.

Proposal: In anticipation of the removal of the current BFC members, we are proposing to add “sync” as a BFC member to help transition the new members of the BFC that will be elected. If “sync” does not accept the nomination, we will propose another active member of the community. Considering “sync” is an active member and has supervised the in-depth investigation of the April 2022 governance exploit by Intelligence on Chain on behalf of the Beanstalk DAO, we see no issue in he/him accepting.

“Sync” Background and Delegate Summary “sync” been an active member of the Beanstalk community and has led several discussions around the path forward for the community post exploit. He/him has pursued more transparency from the DAO and the devs in recent months.

He/him has led an in-depth investigation of the April 2022 governance exploit by Intelligence on Chain on behalf of the Beanstalk DAO. In addition, he/him has been active in identifying and communicating vulnerabilities to the devs per BFBP-C-1. Please reach out to “sync” if you would like to learn more.

Rationale: Need a more transparent group of BFC members to keep the community engaged. Currently all timelines and project updates are discussed behind closed doors.

Payment: No payment until there is an independant group of at least 3 new BFC members. Payment will be contingent on the success of the protocol ie BEAN utility, increase in liquidity, partnerships with other protocols, etc