EBIP-0: Earned Beans Forfeiture

Committed: August 9, 2022

• Submitter
• Emergency Process Note
• Links
• Issue
• Fix
• Magnitude

Submitter

Beanstalk Community Multisig

Emergency Process Note

Per the process outlined in the BCM Emergency Response Procedures, an emergency hotfix may be implemented by an emergency vote of the BCM if the bug is minor and does not require significant code changes.

Note: Bugs or security vulnerabilities qualify as emergencies. Emergency action will not be taken for any reason related to the economic health of Beanstalk (like a bank run, for example).

Links

• GitHub PR: https://github.com/BeanstalkFarms/Beanstalk/pull/80
• GitHub Commit Hash: fa8612e3698d932004f45cd3260c5ad71893b006
• Gnosis Transaction: https://etherscan.io/tx/0x7949bdea1864aa66712bac3d57b79f3030c4cafbb91cdca3d56a0921e1496402

Issue

If a Farmer performs an action that removed all of their assets from the Silo, all their Earned Beans were forfeited.

Fix

If a Farmer performs an action that removes all of their assets from the Silo, their Earned Beans remain constant.

Magnitude

It is estimated that approximately 1717 Beans across 32 accounts have been forfeited so far. Forfeited Earned Beans were redistributed across remaining Stalkholders.

Effective

Immediately upon commit by the BCM, which has already happened.