BFP-76: Choose Replant Liquidity Pool
Proposer
Beanstalk Farms
Summary
Vote on the liquidity pool to Replant Beanstalk with.
Proposal
Before the exploit on April 17, 2022, Beans were trading in 3 liquidity pools—BEAN:ETH on Uniswap V2, BEAN:3CRV on Curve (A of 10), and BEAN:LUSD on Curve (A of 100).
For the sake of technical simplicity, Beanstalk Farms recommends Replanting Beanstalk with a single liquidity pool. Liquidity that is recapitalized by the Barn Raise will be added to this pool at the ratio that would cause the deltaB to trend towards the pre-exploit deltaB in the Replant pool.
Curve metapool-specific code is currently being audited. Choosing another starter pool could be done, but it would push back the Replant by at least a month. BIPs to whitelist other trading pairs with liquid, censorship-resistant assets can be proposed shortly after Replant.
What constitutes a healthy distribution of liquidity against different assets is something the community should always be considering.
Voting
Which asset should Beans trade against in the single liquidity pool at Replant? The other liquidity pool can be added shortly after Replant.
- 3CRV; Replant on time
- ETH; Replant a month later
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xEf49...0838C8 | 3.273M | ETH; Replant a month later |
 0x9664...9340cf | 2.474M | ETH; Replant a month later |
 0x4c18...2FbbE6 | 2.306M | 3CRV; Replant on time |
 0x41DD...F6Fb7B | 1.84M | 3CRV; Replant on time |
 0xd3c1...AFD460 | 1.667M | 3CRV; Replant on time |
VOTE POWER
Proposal Status
- Fri June 17 2022, 06:40 pmVoting Period Starts
- Wed June 22 2022, 06:30 pmEnd Voting Period
Current Results
1-3CRV; Replant on time
20.044M
2-ETH; Replant a month later
9.046M