Description

Beanstalk Farms hosts a Barn Raise Update AMA responding to questions about the Barn Raise and the conversations around OTC capital sources. In the recently passed snapshot proposal BFP-69, the Barn Raise start date has been changed from Monday, May 2 at 4pm UTC to Monday, May 9 at 4pm UTC as conversations with capital sources continue to develop.

The Beanstalk community has discussed a number of possible paths forward for Beanstalk. Beanstalk Farms outlines what it views as the optimal mechanism to safely Unpause the protocol, with the following four primary goals in mind:

1. Securing the enduring success of Beanstalk's economic model;
2. Attracting sufficient capital to restart Beanstalk;
3. Preserving as much of each Farmers' Stalk, Seed and Pod positions as possible; and
4. Aligning new capital with previous Stalk and Pod holders.

This plan is subject to change as conversations with the community and various sources of capital continue. Ultimately, the Beanstalk DAO will vote on the final version via Snapshot.

For more information on the Barn Raise: https://bean.money/blog/path-forward

For more information on BFP-69:https://snapshot.org/#/beanstalkfarms.eth/proposal/0x87d874a4a8b079c5dc092d7240e4c34fbb7d93252c9158fcb697bd9adff9bac9