Beanstalk Farms October 2022 Operations Report

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

Expenses by Category

BFM transaction history can be viewed on Gnosis.

Description Transaction USDC Beans
Marketing expenses:
Payment to a contributor for Barn Raise NFT work. Etherscan 2,000
Payment to Motion Factory for production of video content. Etherscan 300
Payment to the Audio Team for the Radio Defi pilot. Etherscan 5,000
Community grants to Everything Blockchain, Dalteco, Paragism, Sync and Stablecoins.wtf. Etherscan 3,500
Payment for design of two NFT artworks to be used for marketing purposes. Etherscan 500
Reimbursement to contributors for covering various marketing expenses in October. Etherscan 1, 2 4,292 1,266
Total marketing expenses 4,292 12,566
Compensation expenses:
Payroll for 10/1/22 through 10/15/22. Etherscan 97,875
Contract with a contributor for work on the Beanstalk Learning Center. Etherscan 1,000
Development grants per BFBP-C-2. Etherscan 54,000
Payroll for 10/16/22 through 10/31/22. Etherscan 102,223
Total compensation expenses 255,098
Technology expenses:
Reimbursement to a contributor for covering various software expenses in September. Etherscan 1,378
Distribution of ETH to BFM and BSM signers for gas fees. Etherscan 4,286
Reimbursement to contributors for covering various technology expenses in October. Etherscan 1, 2 930 150
Total technology expenses 6,594 150
Total October 2022 expenses 10,886 267,814

Expenses by Date

BFM transaction history can be viewed on Gnosis.

Date USDC Beans Reason Transaction
10/03/2022 1,378 Reimbursement to a contributor for covering various software expenses in September. Etherscan
10/07/2022 2,000 Payment to a contributor for Barn Raise NFT work. Etherscan
10/07/2022 300 Payment to Motion Factory for production of video content. Etherscan
10/15/2022 97,875 Payroll for 10/1/22 through 10/15/22. Etherscan
10/19/2022 5,000 Payment to the Audio Team for the Radio Defi pilot. Etherscan
10/21/2022 1,000 Contract with a contributor for work on the Beanstalk Learning Center. Etherscan
10/21/2022 4,286 Distribution of ETH to BFM and BSM signers for gas fees. Etherscan
10/24/2022 3,500 Community grants to Everything Blockchain, Dalteco, Paragism, Sync and Stablecoins.wtf. Etherscan
10/28/2022 54,000 Development grants per BFBP-C-2. Etherscan
10/28/2022 500 Payment for design of two NFT artworks to be used for marketing purposes. Etherscan
10/31/2022 102,223 Payroll for 10/16/22 through 10/31/22. Etherscan
10/31/2022 930 150 Reimbursement to contributors for covering various technology expenses in October. Etherscan 1, 2
10/31/2022 4,292 1,266 Reimbursement to contributors for covering various marketing expenses in October. Etherscan 1, 2
Total 10,886 267,814

Balances

USDC

Description Amount Notes
Beginning balance as of 10/1/22 190,094
USDC expenses (10,886) See Expenses.
Ending balance as of 10/31/22 179,208 Balance can be viewed on Gnosis.

Bean

Description Circulating Deposited Total Notes
Beginning balance as of 10/1/22 159,102 1,600 160,702
BIP-25 1,000,000 1,000,000 Beanstalk Farms received 1,000,000 Beans per BIP-25.
Withdraw 1,600 (1,600) - Withdraw excess payroll Deposit from previous period.
Payroll Deposits (609,599) 609,599 - Silo Deposit for Q4 payroll.
Bean expenses (67,716) (200,098) (267,814) See Expenses.
Ending balance as of 10/31/22 483,387 409,504 892,891 Circulating balance can be viewed on Gnosis. 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
austin BFCP-C-1 September 2023 Operations
mod323 BFCP-C-1 September 2023 Marketing
Silo Chad BFCP-C-1 September 2023 Engineering
sweetredbeans BFCP-C-1 September 2023 Design

Hired via BFBP-A

Read more about BFBP proposals.

Name Proposal Department
Cool Bean BFBP-A-1 Engineering
Cujo BFBP-A-5 Engineering
TBIQ BFBP-A-6 Engineering
funderberker BFBP-A-7 Engineering
Bean-Sama BFBP-A-8 Engineering
Brean BFBP-A-9 Engineering
ALECKS (Al Bean) BFBP-A-10 Engineering
CanadianBennett BFBP-A-11 Operations
ereal BFBP-A-3 Operations
aloceros BFBP-A-4 Operations
ChillBeans BFBP-A-12 Design
Kotaro BFBP-A-13 Design

Summary of Recurring Payroll Expenditures

The table below excludes development grants and contracts which are one time payments upon successful completion of the scope of work.

Department Monthly Payroll % of Payroll
Engineering 121,750 59.5%
Operations 33,500 16.4%
Design 29,500 14.4%
Marketing 20,000 9.8%
Total 204,750 100.0%

Development Grants and Contracts

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

Description Recipient Beans Proposal
Pod Market V2 malteasy 40,000 BFBP-C-2
Function Approvals + Permits m00n 14,000 BFBP-C-2
Beanstalk Learning Center bacchist 1,000 n/a
Total 55,000

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 10/1/22 90,000 30,000 Beans in August, September, and October.
Community grants paid (13,850) See Expenses.
Ending balance as of 10/31/22 76,150