blc · August 29th, 2023
Last month the BeaNFT DAO voted to introduce the Basin BeaNFT Collection that would coincide with the launch of Basin and the integration of the BEAN:ETH Well in the Silo. The Basin Integration BIP has been proposed and is scheduled to end on August 30, 2023.
The previous BeaNFT collections can be found on OpenSea, with their respective announcements:
Like previous collections, the Basin BeaNFT design retains that iconic BeaNFT silhouette with refreshed attributes. Your BeaNFTs are preparing for a day by the lake, on the beach or scuba diving in the ocean. Prepare to go swimming, surfing, snorkeling and diving with these new PFPs, reflecting their ambition to have deep liquidity in the BEAN:ETH Well.
To earn a Basin BeaNFT, Farmers are required to (1) deposit a minimum of 1,000 BDV into the BEAN:ETH Well in the 600 Seasons following the commitment of the Basin Integration BIP and (2) hold the Deposit in the Silo for a minimum of 600 subsequent Seasons. The longer the Deposit is kept in the Silo and the larger the BDV of the Deposit, the greater the rarity of the BeaNFT rewarded.
There will be up to 10,000 BeaNFTs generated for Farmers to earn. The 10,000 highest scoring Deposits (see Assignment section) will be rewarded BeaNFTs.
In addition to Farmers receiving rarity boosts based on the BDV and duration of the BEAN:ETH LP token Deposit, a rarity boost is also given for historical participation in the BeaNFT community.
Deposit size, duration and other rarity boosts will factor into the scoring of the eligible Deposit. Deposits will be scored and ranked, with BeaNFTs assigned to each Deposit in descending order from most rare to least rare.
BeaNFT eligibility will be triggered 600 Seasons after the qualifying Deposit is made. If a Farmer is daring enough to hodl their Deposit for 1,200 Seasons in total, their BeaNFT may get upgraded with a lil' easter egg.
Basin BeaNFTs will be viewable on the BeaNFT pages of the Beanstalk UI after the 1,200th Season following the whitelisting of the BEAN:ETH Well. Easter egg upgrades will be shown on the BeaNFTs after the 1,800th Season following the BEAN:ETH whitelisting.