Glossary
A fundraiser to restore $77M in non-Bean liquidity stolen from the Silo in the April 2022 governance exploit. Participants in the Barn Raise receive Fertilizer and Sprouts.
A Beanstalk accelerator program to facilitate development on and around Beanstalk in a decentralized fashion. Read more here.
The ERC-20 fiat stablecoin issued by Beanstalk.
The Ethereum-native, decentralized fiat stablecoin protocol that issues Beans.
The multisig that will custody ownership of the Beanstalk contract until on-chain governance can be reimplemented. The BCM will be able to propose and execute upgrades to Beanstalk. Abbreviated as BCM. Read more here.
A decentralized team of core contributors to Beanstalk, operating across the stack on technical and non-technical problems. Read more here.
The group of Beanstalk Farms contributors that has discretion over the Beanstalk Farms budget, including contributor compensation. The Beanstalk Farms Committee hires and dismisses contributors at Beanstalk Farms. Abbreviated as BFC. Read more here.
A committee to determine the categorization and payout of bug bounties in accordance with the bug bounty program. Read more here.
A proposal for having the Beanstalk DAO vote on things other than protocol changes. Abbreviated as BOP. Read more here.
Beans in Farmers' wallets.
Withdrawn Assets become Claimable Assets after the end of the current Season. Claimable Assets must be Claimed in order to use them.
The generalized whitelist that determines which Conversions within the Silo are permitted under certain conditions. Read more here.
The shortage or excess of Beans in a liquidity pool Beans trade in.
Assets on the Deposit Whitelist can be Deposited in the Silo at any time to earn Stalk and Seeds. Read more here.
The whitelist of ERC-20 tokens that can be Deposited in the Silo. Any ERC-20 token can be added or removed from the Deposit Whitelist via governance. Beans are always whitelisted. Read more here.
Beans that have been paid to a Silo Member since the last Season the Silo Member Planted their Plantable Seeds. Upon Plant, Earned Beans are Deposited in the current Season.
Stalk earned from Earned Beans. Earned Stalk automatically contribute to Stalk ownership and do not require any action to claim them.
An emergency proposal to change Beanstalk that is decided on and committed by the Beanstalk Community Multisig (BCM). Abbreviated as EBIP. Read more here.
Assets stored in Beanstalk. Farm Assets can be used in transactions on the Farm and may be more gas efficient than Circulating Assets. Read more about Asset States.
Users of Beanstalk.
First in, first out. Pods become Harvestable on a FIFO basis. This means that Pods closer to the front of the Pod Line become Harvestable before Pods farther back in the Pod Line.
If the Farm is Oversaturated for a Season, each Season in which it continues to be Oversaturated, it Floods. At the beginning of a Season where it Floods, Beanstalk mints additional Beans and sells them directly on Curve.
Stalk earned from Seeds. Grown Stalk does not contribute to Stalk ownership until it is Mown. Mow can be called on its own, and it is also called at the beginning of any Silo interaction (Depositing, Withdrawing, Converting, etc.).
Redeem Harvestable Pods for 1 Bean each.
Sprouts become Rinsable Sprouts on a pari passu basis. This means that when Beans are minted per the peg maintenance mechanism, Sprouts are paid back equally and without preference. This is in contrast to the first in, first out (FIFO) Harvest schedule of the Pod Line in the Field.
A sandbox contract that can execute an arbitrary number of actions within the EVM from an EOA in a single transaction (see more on the Pipeline page). Note that this also currently refers to functionality in Beanstalk that is a channel from the Depot to another protocol. Pipelines can be added to the Depot via Beanstalk governance. Read more here.
Seeds earned in conjunction with Earned Beans. Plantable Seeds must be Planted in order to grow Stalk.
The Beanstalk debt level (Pod supply) relative to the Bean supply. The Pod Rate is often used as a proxy for Beanstalk's health.
The Beanstalk-native debt asset, redeemable for 1 Bean each once Ripened into Harvestable Pods. Read more here.
The pseudonym of Beanstalk’s founders.
The return for Sowing Beans, accounting for the Bean price. RRoR = (1 + Temperature) / TWAP.
The relaunch of Beanstalk post-exploit.
Stalk that have vested for pre-exploit Silo Members. Revitalized Stalk are minted as the percentage of Fertilizer sold increases. Revitalized Stalk does not contribute to Stalk ownership until Enrooted. Read more here.
Seeds that have vested for pre-exploit Silo Members. Revitalized Seeds are minted as the percentage of Fertilizer sold increases. Revitalized Seeds do not generate Stalk until Enrooted. Read more here.
Redeem Rinsable Sprouts for 1 Bean each.
Assets that are minted as Fertilizer is sold. Unripe assets represent a pro rata share of underlying Ripe assets.
Seasons are Beanstalk-native time. Every Season is approximately 1 hour. Each Season begins when the
sunrise function is successfully called on Ethereum.Rewards earned by Silo Members in the form of Earned Beans, Earned Stalk, Grown Stalk, Revitalized Stalk, Plantable Seeds, and Revitalized Seeds. Read more here.
The Beanstalk governance token. Stalk entitles the holder to a pro rata share of future Bean mints and participation in Beanstalk governance. Read more here.
Holders of the Stalk token. Stalkholders participate in governance and earn Bean seigniorage.
Beanstalk accepts one
sunrise function call every Season. Upon the sunrise() call, Beanstalk Ripens Pods, Fertilizes Sprouts, distributes Beans to Stalkholders, adjusts the Temperature, etc.Moving Deposits, Plots or Fertilizer from one address to another. Deposits can be Transferred without the loss of Stalk, Seeds, or Stalk from Seeds. Assets can be transferred between Farm Balances and Circulating Balances.
Resume the acceptance of
sunrise() function calls. When Beanstalk is Unpaused, the sunrise() function can be called at the beginning of the next hour.Unripe assets represent a pro rata share of Ripe assets minted as Fertilizer is sold and debt is repaid to Fertilizer. Read more here.
The time interval in which a Beanstalk Improvement Proposal (BIP) is considered by Stalkholders. Read more here.
Deposited assets can be Withdrawn from the Silo at any time. The number of Stalk, Seeds, and Stalk from Seeds rewarded for a Deposited asset must be forfeited upon its Withdrawal from the Silo. Read more here.
Last modified 4mo ago