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Beanstalk Farms December 2022 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 the Audio Team for the Bean Pod and songs. Etherscan 5,000
Payment for production of a Beanstalk educational video. Etherscan 1,500
Community grant to Everything Blockchain for a Twitter thread. Etherscan 200
Payment to a designer for marketing assets. Etherscan 900
Payment to a designer for marketing assets. Etherscan 900
Community grants to the Audio Team for the Bean Pod, RadioDefi, and songs. Etherscan 7,100
Total marketing expenses 15,600
Compensation expenses:
Payroll for 12/1/22 through 12/15/22. Etherscan 98,625
Development grant payment for Tractor. Etherscan 10,000
Payroll for 12/16/22 through 12/31/22. Etherscan 93,415
Development grant payments for product design work. Etherscan 2,625
Total compensation expenses 204,665
Technology expenses:
Payment to a designer for design asset modifications. Etherscan 500
Reimbursement to a contributor for covering bot expenses from September to November. Etherscan 130
Reimbursement to contributors for covering various technology expenses in December. Etherscan 4,749
Total technology expenses 130 5,249
Total December 2022 expenses 130 225,514

Expenses by Date

BFM transaction history can be viewed on Safe.

Date USDC Beans Reason Transaction
12/02/2022 5,000 Community grants to the Audio Team for the Bean Pod and songs. Etherscan
12/02/2022 1,500 Payment for production of a Beanstalk educational video. Etherscan
12/02/2022 500 Payment to a designer for design asset modifications. Etherscan
12/02/2022 130 Reimbursement to a contributor for covering bot expenses from September to November. Etherscan
12/15/2022 200 Community grant to Everything Blockchain for a Twitter thread. Etherscan
12/15/2022 98,625 Payroll for 12/1/22 through 12/15/22. Etherscan
12/15/2022 900 Payment to a designer for marketing assets. Etherscan
12/26/2022 10,000 Development grant payment for Tractor. Etherscan
12/31/2022 93,415 Payroll for 12/16/22 through 12/31/22. Etherscan
12/31/2022 2,625 Development grant payments for product design work. Etherscan
12/31/2022 4,749 Reimbursement to contributors for covering various technology expenses in December. Etherscan
12/31/2022 900 Payment to a designer for marketing assets. Etherscan
12/31/2022 7,100 Community grants to the Audio Team for the Bean Pod, RadioDefi, and songs. Etherscan
Total 130 225,514

Balances

USDC

Description Amount Notes
Beginning balance as of 12/1/22 139,538
USDC expenses (130) See Expenses.
Ending balance as of 12/31/22 139,407 Balance can be viewed on Safe.

Bean

Description Circulating Deposited Total Notes
Beginning balance as of 12/1/22 431,835 213,256 645,091
Bean expenses (30,849) (194,666) (225,514) See Expenses.
Ending balance as of 12/31/22 400,986 18,590 419,577 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-1 September 2023 Operations 20,000 40+
Silo Chad BFCP-C-1 September 2023 Engineering 30,000 40+
sweetredbeans BFCP-C-1 September 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+
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
Middleware Engineer Engineering 4,000 10
Product Designer Design 3,500 10
Product Designer Design 3,500 10
Operations Manager Operations 13,000 40+
Operations Associate Operations 4,000 20
Content Writer Operations 3,000 10
Marketing Manager Marketing 10,000 40+

Summary of Recurring Payroll Expenditures

The table below represents ongoing payroll expense levels as of 12/31/2022 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 107,333 57.5%
Operations 40,000 21.4%
Design 29,500 15.8%
Marketing 10,000 5.4%
Total 186,833 100.0%

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 10,000 n/a
Various product design tasks Kotaro 1,750 n/a
Various product design tasks ChillBeans 875 n/a
Total 12,625

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 12/1/22 150,000 30,000 Beans each month from August - December.
Previous grants paid (17,900)
December grants paid (12,300) See Expenses.
Ending balance as of 12/31/22* 119,800

*If BIP-31 passes, community grant balances will no longer roll over to subsequent months.