BFCP-C-1: BFC Member Term Extension, Q3 2022

Proposed: September 28, 2022

Status: Passed (all 4 proposals)

Link: Snapshot

• Proposer
• Summary
• Quorum
• Proposal
  • austin
  • mod323
  • Silo Chad
  • sweetredbeans

Proposer

Beanstalk Farms Committee

Summary

Extend the terms of current BFC members.

Quorum

Quorum is 25% of the Stalk supply participating in the vote, or about 14,461,799 Stalk based on the time of proposal.

There are 4 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 austin’s term
• Extend mod323’s term
• Extend Silo Chad’s term
• Extend sweetredbeans’ term

Proposal

Each current BFC member’s term ends at the end of Q1 2023. A BFC member’s proposal passing extends their term to the end of Q3 2023.

austin

Original BFC proposal: BFCP-A-1

Post-Unpause Q3 contributions

• Continued improving and adding to the Farmers’ Almanac, as well as maintenance;
• Managed several internal processes around Deposit payroll, Unripe Bean distributions, BFBPs, drafting budget BIPs, etc.;
• Organized the Immunefi Bug Bounty program and designed the corresponding governance structure around the Beanstalk Immunefi Committee via BIP-26;
• Spearheaded the process for publishing monthly operations reports for increased transparency around budget usage; and
• Coordinated with Halborn on the upcoming Seraph BIP and its corresponding governance structure.

Plans for Q4

• Continue to add to and maintain the Farmers’ Almanac as Beanstalk is upgraded;
• Support script writing for the upcoming video series of Beanstalk explainers;
• Continue coordinating with Halborn on the upcoming Seraph BIP;
• Research and develop a multistage transition plan back to permissionless governance; and
• Continue doing whatever needs to get done from an operations perspective—much of it which comes up on an ad hoc basis.

mod323

Original BFC proposal: BFCP-A-2

Post-Unpause Q3 contributions

• Appeared on seven AMAs/podcast/Twitter Spaces;
• Published articles on multiple media outlets (CoinDesk, Cointelegraph, etc.);
• Hosted weekly class and DAO meetings; and
• Hosted six guests at the Bean Pod.

Plans for Q4

• Publish a video series explaining Beanstalk;
• Cover the launch of the Beanstalk-native AMM on crypto news outlets;
• Continue to host weekly meetings and The Bean Pod;
• Hire a marketing manager; and
• Continue the marketing engagement with TASC.

Silo Chad

Original BFC proposal: BFCP-A-3

Post-Unpause Q3 contributions

• Led the UI and Subgraph teams to push Beanstalk-UI versions 2.0.5 through 2.0.22—notable changes included:
  • Swap page with multiple swap routes;
  • Governance page;
  • Pod Market graph;
  • vAPYs; and
  • Historical charts showing the value of a Farmer’s Deposit, Stalk, and Seeds.
• Initiated the Beanstalk protocol RFC process;
• Grew Beanstalk Farms’ list of contributing engineers to a total of 14 across full-time, part-time and grant contributors, including two new full-time engineering hires (Bean-Sama and ALECKS).
• Served as a coordinator between engineering teams—in Q3 we began hosting weekly engineering all-hands meetings and prioritizing upgrades to the protocol and UI; and
• Initiated an audit of the Beanstalk UI with Halborn.

Plans for Q4

• Complete any necessary improvements to the UI or other infrastructure per Halborn’s recommendation after completion of their frontend audit;
• Open source the UI;
• Continue to coordinate the various engineering teams across on-chain development, middleware, frontend, design, etc.; and
• Implement interfaces for:
  • Pod Market V2 (generic pricing curves), likely accompanied by a more advanced Pod Market graph;
  • Wells and their associated functionality;
  • A Balances page refactor;
  • A new Dutch auction for Soil at the beginning of each Season; and
  • A Beanstalk-native Fertilizer market.

sweetredbeans

Original BFC proposal: BFCP-A-4

Post-Unpause Q3 contributions

• Designed the interfaces for the following pages:
  • Governance page;
  • Silo Token Overview page / education component;
  • Forecast page refactor;
  • Wells v1;
  • Pod Market activity table; and
  • vAPYs;
• See Figma for more details!

Plans for Q4

• Reach and maintain feature parity between Beanstalk and Beanstalk UI V2 from a design perspective; and
• Design net new features:
  • A Balances page refactor;
  • Field conditions component;
  • Soil Dutch auction;
  • Pod Market V2 (generic pricing curves), likely accompanied by a more advanced Pod Market graph;
  • A Beanstalk-native Fertilizer market;
• Explore alternate design systems;
  • Define a stronger brand identity;
  • Rework bean.money landing page;
  • Explore new component systems with a flatter visual interface; and
  • Integrate new illustrations into documentation and graphics.