Beanstalk Farms

Proposer

Beanstalk Farms Committee

Summary

Extend the terms of current BFC members.

Quorum Note

Quorum is 25% of the Stalk supply participating in the vote.

There are 3 voting choices, and each represents voting For a BFC member’s proposal. Abstaining from a voting choice while voting For any other choices is equivalent to voting against. Quorum and a majority vote For is required for a BFC member’s proposal to pass.

Voting choices (For)

• Extend guy’s term
• Extend Silo Chad’s term
• Extend sweetredbeans’ term

Proposal

Each BFC member’s term currently ends at the end of Q3 2023. A BFC member’s proposal passing extends their term to the end of Q4 2023.

Note: mod323 currently remains a BFC member in order to advise on hiring, marketing and other projects, but no longer takes payment from Beanstalk Farms, and thus is not submitting a renewal proposal.

guy (fka austin)

Past BFCPs: BFCP-A-1, BFCP-C-1

Q4 2022 Contributions

• Triaged 25+ bug reports from Immunefi whitehats and coordinated with the BIC and Halborn on EBIP-3, EBIP-4, EBIP-5 and EBIP-6;
• Transparently communicated bug bounty payouts to the DAO via BIR-1, BIR-2, BIR-3 and BIR-4;
• Updated the Beanstalk Whitepaper to reflect BIP-29 and BIP-32;
• Co-authored the written proposals for BIP-29, BIP-30 and the Sunrise Improvements BIP;
• Authored the written proposal for BIP-32;
• Continued improvements and additions to the Farmers’ Almanac, in addition to maintenance;
• Created the Agronomics Handbook for developers in the Beanstalk ecosystem;
• Created the Community Resource Hub to share various community resources like past meeting notes, Immunefi bug reports, etc.;
• Began the process for setting up audit competitions like Code4rena for new BIPs;
• Coordinated with the BIC on various improvements to the Immunefi Bug Bounty Program;
• Supported and managed the operations team that:
  • Released monthly operations reports to increase financial and operational transparency of Beanstalk Farms;
  • Authored BIP-31 and created the various financial reporting within it;
  • Continued to improve and maintain various documentation in the Beanstalk ecosystem, particularly the Agronomics Handbook;
  • Shared weekly updates with the community via Discord;
  • Recorded and took notes at every Beanstalk University and DAO meeting; and
  • Published the A Framework for Stablecoins blog post.

Q1 2023 Plans

• Continue to triage bug reports from Immunefi whitehats and coordinate with the BIC and Halborn on necessary emergency upgrades;
• Continue to maintain (and oversee the maintenance of) various documentation in the Beanstalk ecosystem, including:
  • the Beanstalk Whitepaper;
  • the Farmers’ Almanac;
  • the Agronomics Handbook;
  • the Community Resource Hub;
• Continue to write proposals for BIPs and various proposals required via governance (i.e., BIRs, BFBPs, etc.);
• Explore Tally as a potential option for a more permissionless governance structure before a fully Beanstalk-native on-chain governance system is reimplemented;
• Improve documentation around the BCM’s verification processes;
• Coordinate with Code4rena on a future audit competition for Beanstalk;
• Setup grants for various ecosystem projects, such as a Pipeline SDK, Beanscan, etc.; and
• Setup a hiring pipeline for Beanstalk Farms, and in particular, hire more frontend engineers.

Silo Chad

Past BFCPs: BFCP-A-3, BFCP-C-1

Q4 2022 Contributions

• Contributed to the architecture, deployment and marketing launch of Pipeline;
• Coordinated with Root and Paradox on the launch of their respective UIs;
• Hosted calls with Halborn engineers in order to support their ability to produce high quality audits of Beanstalk;
• Began a full in-line documentation effort for all functions within Beanstalk, supporting the ability of developers, auditors and whitehats to better and more quickly understand Beanstalk;
• Supported and managed the engineering team that:
  • Launched and open sourced a beta version of the Beanstalk SDK that facilitated the launch of the Root UI;
  • Overhauled the Beanstalk and Bean subgraphs, along with a deployment of the Beanstalk Subgraph to the decentralized Graph Network;
  • Shipped a new Analytics site;
  • Continuously pushed updates to the Beanstalk UI, including:
    • A historical view of Pod Market transactions;
    • Various updates to the Governance pages;
    • Security improvements recommended by Halborn;
    • A new Balances page; and
    • Seasonal themes for the UI.

Q1 2023 Plans

• Continue assisting Root, Paradox and other third parties building on the Beanstalk ecosystem;
• Open source the Beanstalk UI;
• Launch a UI for BEAN:ETH Wells in tandem with its on-chain deployment;
• Refactor the UI to condense the Withdraw and Claim steps into one step after the Withdrawal timer is reduced to zero;
• Support and manage the engineering team that:
  • Continues development of the Beanstalk SDK in order to support the full suite of Beanstalk functionality;
  • Continues development of the Bean and Beanstalk Subgraphs in order to make more on-chain data queryable (such as Fertilizer APYs);
  • Continues to push updates to the Beanstalk UI, including:
    • A complete overhaul of the Pod Market UI;
    • A new token selection system that makes it easier for Farmers to use Farm and Circulating balances; and
    • An updated Field interface to support the upcoming Sunrise Improvements BIP.

sweetredbeans

Past BFCPs: BFCP-A-4, BFCP-C-1

Q4 2022 Contributions

• Designed the Balances page refactor on the Beanstalk UI;
• Designed various seasonal themes for the Beanstalk UI;
• Began and made significant progress on designs for:
  • A generalized Markets Trading UI intended to support full functionality implemented in BIP-29 and other markets in the future;
    • Draft v2.0 - v2.5 and Component Library
    • Prototype
  • Generalized flows for “Claim/Harvest/Rinse and do X” (Rinse and Deposit, etc.);
    • Claim and Do X
  • A Master Component Library for use by Beanstalk Farms and other members of the Beanstalk ecosystem; and
• Onboarded two experienced part-time product designers to Beanstalk Farms.

Q1 2023 Plans

• Finalize designs for Wells and the generalized Markets Trading UI;
• Refactor the UI designs to condense the Withdraw and Claim steps into one step after the Withdrawal timer is reduced to zero;
• Continue to design towards feature parity between Beanstalk and the Beanstalk UI, including:
  • An updated Field interface to support the upcoming Sunrise Improvements BIP;
  • Generalized flows for “Claim/Harvest/Rinse/Plant and do X”;
  • Supporting transferToken to multiple recipient addresses from Farm or Circulating balance; and
  • Supporting “Claim All” functionality (Rinse, Harvest and Plant).