Recordings

Meeting Notes

There is no real update on the Wells, but from an infrastructure standpoint, Beanstalk Farms is making good progress. Beanstalk Farms and Halborn are working on a lot of documentation around the base Beanstalk code base
Publius mentions they are scoping out what it would look like to have a BEAN:ETH Well ready for audit in early Q1 then push back the generalized version

Currently Beanstalk is below peg and farmers are not converting, there is currently some friction between converting LP to Beans because of the loss of 2 Seeds per BDV
Publius think Beanstalk would want to optimize around how far off, and how long Beanstalk has been off the peg.
Publius thinks the real question is when the Stalk and Seed gauge system is implemented, what should they be functions of? It is a tough question and Publius thinks it is worthy of more study
Publius thinks it does not make sense to have multiple Seed per BDV per token because in practice the tokens that have BDV functions are going to be the base assets that trade against Beans
Currently Seeds per BDV is a fixed value, but in the future when Seeds per BDV fluctuates, Publius thinks it makes sense to set ranges or the DAO is always voting on the number of Seeds per BDV
Publius does not know when this will be implemented but they are hoping this is a big focus in 2023

If the DAO disagreed on risk management or assets to whitelist in the Silo, when does it make sense to fork Beanstalk and how would it work
This is something Publius thinks this is something to consider when on-chain governance comes back