Beanstalk Farms

Proposer: Beanstalk Farmer

Summary: Add “Rex” 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 “Rex” as BFC member Don’t Add “Rex” 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 “Rex” as a BFC member to help transition the new members of the BFC that will be elected. If “Rex” does not accept the nomination, we will propose another active member of the community. Considering “Rex” is an active member and a “delegate” of stalk, we see no issue in he/him accepting.

Rex Background and Delegate Summary "I want to be a delegate because I believe in the governance process that Beanstalk strives for, but understand that it’s difficult for individuals who only casually interact with the protocol to stay involved and informed. The delegate system allows for individuals to find people they trust and empower them to make decisions for the good of the ecosystem. I believe I would be worthy of that trust.

The goal of the DAO should be to provide individuals impacted by the protocol the ability to have a voice in shaping and governing it. What I appreciate about the delegate system is that it allows anyone the ability to say ‘I want my votes to be counted, but I don’t have the bandwidth to make informed decisions, so I’m entrusting ___ to do so on my behalf.’"

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.