Beanstalk Farms DAO Meeting - Weekly
In the DAO meeting, we went over a slew of updates across all areas of Beanstalk, including:
- Beanstalk Farms update
- Update on BIP-71
- Bean vs UST
- Optimizing NFT code
- And more community discussion
More information:
Beanstalk Farms has proposed BFP-71: The Path Forward, Barn Raise Structure and Timing
- Beanstalk will host the Barn Raise from June 6 to June 27, a fundraiser to restore up to $77M in non-Bean liquidity stolen from the Silo.
- NFTs Beanstalk issues during the Barn Raise will receive a pro rata share of one-third of new Bean mints until a 500% Weather is repaid.
- One-third of future Bean mints will go towards the NFT holders.
- The state of pre-exploit Beanstalk assets will be scaled as a function of the percent of the Barn Raise that is filled.
- Any assets that are recapitalized be subject to a vesting schedule.
- Note: OTC conversations are continuing to happen. You can vote below.
This vote will be decided by a simple majority with no quorum. Note that Stalk balances shown in Snapshot are locked to their pre-exploit values (block 14602789).
https://snapshot.org/#/beanstalkfarms.eth/proposal/0xa038d205e72ae3a835995682b18adf9512777ed554c388a7caa5bc4e98d4f8e0
