Beanstalk Farms · February 8th, 2023
Beanstalk Farms is excited to announce that BIP-33, the Beanstalk Farms H1 2023 Budget has passed by a vote of the DAO.
Beanstalk Farms is an independent decentralized development organization of core contributors working on Beanstalk. Beanstalk Farms has historically been funded by the Beanstalk DAO and proposed quarterly budget BIPs that mint Beans to cover operating expenses and compensate contributors.
In response to the Q1 budget BIP failing to reach quorum, Beanstalk Farms redesigned the budget to cover the first half of 2023 (as opposed to just Q1) to enable core contributors to work towards the following goals:
The Q1 budget of 400,000 Beans and the Q2 budget of 950,000 Beans will allow Beanstalk Farms to focus on fulfilling a number of specific objectives across five primary workstreams: security, on-chain development, middleware development, frontend & design and content, community & marketing. Below is a selection of the expected on-chain developments:
See this page for a detailed on-chain roadmap.
The introduction of the Audit Fund (initially funded with 500,000 Beans) will allow Beanstalk Farms to continue to retain Halborn and set up various audit competitions like Code4rena.
Check out the Beanstalk Farms Operations Reports for data on how Beanstalk Farms has been making use of its budgets.