Bi-Weekly Bean #16

Welcome to the Bi-Weekly Bean, the newsletter that recaps the latest developments in the Beanstalk ecosystem.

This issue covers Seasons 8558 through 8867 which spanned 11/17/22 – 11/30/22.

What is Beanstalk? Beanstalk is a permissionless fiat stablecoin protocol built on Ethereum. Learn more at bean.money.

Both BIR-3 and BIR-4 passed and were executed by the BCM as rewards for bug bounties identified by white hats via Beanstalk’s Immunefi bug bounty program.
A ROOT:BEAN Uniswap V3 pool is now live, enabling users to swap in and out of Roots with minimal slippage and no Withdrawal timer.
Check out 2 new Bean Pod episodes about teaching & learning DeFi, featuring @mrinconcruz from The Buttonwood Foundation and @Ceazor.

Feel free to drop by Discord if you have any questions—the Beanstalk community is full of curious Farmers who enjoy answering questions and discussing interesting ideas.

Protocol Summary - Seasons 8558-8867

The price of Bean crossed its peg 10 times and protocol liquidity decreased 1.8% to ~$26.8M.

The Pod Rate (outstanding Pods per Bean) decreased 18.6 points to 2289%.

The Temperature increase by 790 points to 4693%.

Notes and Recordings

Beanstalk Farms Updates

Audits in Progress

BIP-X: Sunrise Improvements
Full re-audit of Beanstalk
Upcoming Root work also under audit

Functionality and Development Upgrades

Beastalk SDK beta released
Pipeline and Depot deployed
Subgraph updated

Thanks for reading!

If you have any comments, suggestions or feedback, please reach out to ereal@bean.farm.