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. |
Paid Contributors
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.
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 |
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 |
|