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 discussionBeanstalk 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