Beanstalk Farms January 2023 Operations Report

1. Dashboard
2. Expenses by Category
3. Expenses by Date
4. Balances
5. Paid Contributors
6. Community Grants

Dashboard

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Expenses by Category

BFM transaction history can be viewed on Safe.

Description Transaction USDC Beans
Marketing expenses:
Community grants to Kobe Bean, tumilet, and Everything Blockchain for Twitter threads and blogs. Etherscan 400
Payment to a designer for community assets. Etherscan 3,400
Total marketing expenses 3,800
Compensation expenses:
Payroll for 1/1/23 through 1/15/23. Etherscan 89,408
Payroll for 1/16/23 through 1/31/23. Etherscan 114,604
Contract with a contributor for work on the Beanstalk Learning Center. Etherscan 4,000
Total compensation expenses 208,012
Technology expenses:
Reimbursement to a contributor for recruiting expenses. Etherscan 299
Reimbursement to contributors for covering various technology expenses in January. Etherscan 96 319
Contract for developer recruiting assistance. Etherscan 250
Development grant for work on Tractor. Etherscan 4,000
Total technology expenses 395 4,569
Total January 2023 expenses 395 216,381

Expenses by Date

BFM transaction history can be viewed on Safe.

Date USDC Beans Reason Transaction
01/15/2023 89,408 Payroll for 1/1/23 through 1/15/23. Etherscan
01/15/2023 299 Reimbursement to a contributor for recruiting expenses. Etherscan
01/31/2023 114,604 Payroll for 1/16/23 through 1/31/23. Etherscan
01/31/2023 400 Community grants to Kobe Bean, tumilet, and Everything Blockchain for Twitter threads and blogs. Etherscan
01/31/2023 3,400 Payment to a designer for community assets. Etherscan
01/31/2023 4,000 Contract with a contributor for work on the Beanstalk Learning Center. Etherscan
01/31/2023 96 319 Reimbursement to contributors for covering various technology expenses in January. Etherscan
01/31/2023 250 Contract for developer recruiting assistance. Etherscan
01/31/2023 4,000 Development grant for work on Tractor. Etherscan
Total 395 216,381

Balances

USDC

Description Amount Notes
Beginning balance as of 1/1/23 139,407
USDC expenses (395) See Expenses.
Ending balance as of 1/31/23 139,012 Balance can be viewed on Safe.

Bean

Description Circulating Deposited Total Notes
Beginning balance as of 1/1/23 400,986 18,589 419,575
Silo Deposit for payroll (296,903) 296,903 - Etherscan
Bean expenses (12,119) (204,262) (216,381) See Expenses.
Ending balance as of 1/31/23 91,964 111,230 203,194 Circulating balance can be viewed on Safe. Silo Deposits will not be visible but can be verified on-chain.

Organizational Chart

Hired via BFCP-A: 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 Operations 20,000 40+
Silo Chad BFCP-C-2 December 2023 Engineering 30,000 40+
sweetredbeans BFCP-C-2 December 2023 Design 22,500 40+
mod323* BFCP-C-1 September 2023 Advisor - n/a

*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.

Hired via BFBP-A

Read more about BFBP proposals.

Role Department Monthly Pay in Beans Hours per Week
Senior Full-Stack Engineer Engineering 25,000 40+
Full-Stack Engineer Engineering 17,000 40+
Frontend Engineer Engineering 16,000 40+
Solidity Engineer Engineering 15,000 40+
Middleware Engineer Engineering 9,000 20
Senior Frontend Engineer Engineering 8,333 15
Product Designer Design 3,500 10
Product Designer Design 3,500 10
Operations Manager Operations 8,125 25
Operations Associate Operations 4,000 20
Graphic Designer Marketing 2,000 10

Summary of Recurring Payroll Expenditures

The table below represents ongoing payroll expense levels as of 1/31/2023 and excludes development grants and contracts which are one time payments upon successful completion of the scope of work.

Department Monthly Payroll % of Payroll
Engineering 120,333 65.4%
Operations 32,125 17.5%
Design 29,500 16.0%
Marketing 2,000 1.1%
Total 183,958 100.0%

Development Grants and Contracts

Proposals are not required for grants or contracts under 10,000 Beans per BIP-25.

Description Recipient Beans Proposal
Tractor - Code & Tests m00n 4,000 n/a
Various product design tasks Kotaro 3,500 n/a
Various product design tasks ChillBeans 1,750 n/a
Total 9,250

Community Grants

The community grant program has a budget of 30,000 Beans per month per BIP-22.

Description Beans Notes
Beginning balance as of 1/1/23 150,000 30,000 Beans each month from August - December.
Previous grants paid (30,200)
December grants paid (400) See Expenses.
Ending balance as of 1/31/23* 119,400

*If BIP-33 passes, community grant balances will no longer roll over to subsequent months.