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Beanstalk Farms July 2023 Operations Report

1. Dashboard
2. Expenses by Category
3. Expenses by Date
4. Beanstalk Farms Committee Members
5. Development Grants

Dashboard

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Expenses by Category

BFM transaction history can be viewed on Safe.

Description Transaction USDC Beans
Research and development expenses:
Payroll for 7/1/23 through 7/15/23. Etherscan 12,500
Development grants for Silo V3, Basin, UI and bot work. Etherscan 23,000
Development grants for Basin, UI and bot work. Etherscan 18,000
Reimbursement to contributors for covering various technology expenses in July. Etherscan 1,122
Total research and development expenses 54,622
General and administrative expenses:
Payroll for 7/1/23 through 7/15/23. Etherscan 250
Contract for ops work. Etherscan 1,250
Contract for ops work. Etherscan 875
Total general and administrative expenses 2,375
Communications expenses:
Contract with AudioFarms for communications work. Etherscan 1,750
Total communications expenses 1,750
Audit expenses:
Payment to Cyfrin for the audit of Beanstalk core per BFBP-C-9. Etherscan 92,000
Total audit expenses - 92,000
Total July 2023 expenses - 150,747

Expenses by Date

BFM transaction history can be viewed on Safe.

Date USDC Beans Reason Transaction
07/18/2023 12,750 Payroll for 7/1/23 through 7/15/23. Etherscan
07/18/2023 23,000 Development grants for Silo V3, Basin, UI and bot work. Etherscan
07/18/2023 1,250 Contract for ops work. Etherscan
07/18/2023 92,000 Payment to Cyfrin for the audit of Beanstalk core per BFBP-C-9. Etherscan
07/31/2023 18,000 Development grants for Basin, UI and bot work. Etherscan
07/31/2023 875 Contract for ops work. Etherscan
07/31/2023 1,122 Reimbursement to contributors for covering various technology expenses in July. Etherscan
07/31/2023 1,750 Contract with AudioFarms for communications work. Etherscan
Total - 150,747

Balances

USDC

Description Amount Notes
Beginning balance as of 7/2/23 29,862
USDC expenses - See Expenses.
Ending balance as of 7/31/23 29,862 Balance can be viewed on Safe.

Bean (excluding Audit Fund)

Description Circulating Deposited BFC Custody* Total Notes
Beginning balance as of 7/2/23 237,990 126,175 1,000 365,165
Bean expenses (30,997) (27,750) (58,747) See Expenses.
Claim Earned Beans 82 82 Etherscan
Withdraw from the Silo 98,507 (98,507) Etherscan
BFC custody transfer 1,000 (1,000) Etherscan
Ending balance as of 7/31/23 306,500 - - 306,500 Circulating balance can be viewed on Safe. Silo Deposits will not be visible but can be verified on-chain.

*BIP-35 permits members of the Beanstalk Farms Committee (BFC) to custody up to 4,000 Beans from the Beanstalk Farms budget to make payments for expenses incurred by Beanstalk Farms.

Audit Fund

Description Amount Notes
Beginning balance as of 7/2/23 328,537
Audit Fund expenses (92,000) See Expenses.
Ending balance as of 7/31/23 236,537 Balance can be viewed on Safe.

Beanstalk Farms Committee Members

Read more about the Beanstalk Farms Committee and BFCP proposals.

Name Proposal End of Term Department Monthly Pay in Beans Hours per Week
guy* BFCP-C-2 December 2023 Advisor - n/a
sweetredbeans* BFCP-C-2 December 2023 Advisor - n/a
Silo Chad* BFCP-C-2 December 2023 Advisor - n/a
mod323* BFCP-C-1 September 2023 Advisor - n/a

guy and sweetredbeans have elected to waive the compensation established in BFCP-A-3 effective 7/1/2023 but will remain on the BFC persuant to renewal in BFCP-C-2. Silo Chad has elected to waive the compensation established in BFCP-A-3 effective 6/1/2023 but will remain on the BFC persuant to renewal in BFCP-C-2.
*mod323 has elected to waive the compensation established in BFCP-A-2 effective 12/1/2022 but will remain on the BFC persuant to renewal in BFCP-C-1.

Development Grants

Proposals are not required for transactions under 25,000 Beans per BIP-33.

Description Recipient Beans Proposal
Silo V3 Silo Chad 15,000 n/a
Basin UI uncoolzero 10,000 n/a
Basin bots funderberker 6,000 n/a
UI Al Bean 10,000 n/a
Total 41,000