Two Bean 🌱💵 retweeted
we are all Atlas
we shall bear our burdens together
and rise as one
AWOO, AWOO, AWOO!!!!!!
Two Bean 🌱💵 retweeted
Beanstalk stablecoin relaunches four months after $182 million exploit
theblock.co/post/161915/bean…
Two Bean 🌱💵 retweeted
The credit-based stablecoin from @BeanstalkFarms has been “replanted” less than four months after a $182 million hack. decrypt.co/106882/beanstalk-…
Two Bean 🌱💵 retweeted
Before the on-chain governance attack on Sunday, Beanstalk’s economic model was working exactly as designed. In the 2 weeks prior, the protocol attracted $110M in new liquidity and reduced the protocol debt ratio by 50%+.
Two Bean 🌱💵 retweeted
Beanstalk Farms presents The Path Forward
Announcing the Barn Raise: a 10-day public fundraiser starting on 5/2 at Noon ET to restore Beanstalk’s liquidity and resume the protocol.
bean.money/blog/path-forward
Two Bean 🌱💵 retweeted
Highlight thread:
First, proposed yesterday is the 3 day pod (bond) sale with an incrementing over t set-interest rate (weather). Paid off in the order they're acquired w/ 1/3 of mints. Old asset holders keep (pod/stalk/etc) = % of cash raised / total lost.
