Bi-Weekly Bean #20

E Real

Bi-Weekly Bean #20

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

This issue covers Seasons 9962 through 10350 which spanned 1/16/23 – 2/1/23.

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

Beanstalk Governance Updates

  • BIP-33, the Q1 2023 budget for Beanstalk Farms, was re-proposed. This budget ensures that Beanstalk Farms, the most successful development organization in the Beanstalk ecosystem, will have sufficient funding to compensate contributors for the next quarter .
  • BIP-X, an implementation of Seraph, a blockchain security notary service offered by Halborn, is expected to be re-proposed imminently.

Feel free to drop by Beanstalk’s 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 9962-10350


The Bean price did not cross its dollar peg and Bean liquidity decreased 0.3 percentage points to ~$26.1M.


The Pod Rate (outstanding Pods per Bean) increased 6.6 percentage points to 2466%.


The Temperature increase by 657 percentage points to 7006%.


Notes and Recordings

Beanstalk Farms Updates

Audits in Progress

  • BIP-X: Sunrise Improvements — final stages of audit
  • BIP-X: Remove Withdraw Timer — final stages of audit
  • BIP-X: Wells v1 — initial stages of audit
  • Tractor (Automated Farming) — nearly ready for audit

Community Updates

  • Beanstalk Farms shared a roadmap of expected projects in the Beanstalk ecosystem that will be undertaken in the next few months.
  • Beanstalk Farms shared a spreadsheet of historical budget data compared against Bean liquidity and supply.

Thanks for reading!

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