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bfcp-c-04-term-extension-h1-2024.md

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BFCP-C-4: BFC Member Term Extension, H1 2024

Proposed: February 18, 2024

Status: Passed

Link: Snapshot, Arweave


Proposer

Beanstalk Farms Committee

Summary

Extend the terms of current BFC members.

Quorum Note

Quorum is 25% of total outstanding Stalk participating in the vote.

There are 3 voting choices, and each represents voting For an individual BFC member's proposal. Abstaining from a voting choice while voting For any other choices is equivalent to voting against. Quorum and a majority vote For is required for an individual BFC member’s proposal to pass.

Voting choices (For)

  • Extend guy's term
  • Extend mod323's term
  • Extend sweetredbeans' term

Proposal

According to Beanstalk Farms governance, at least 3 BFC members must approve any spending of the Beanstalk Farms budget. BFC members have term lengths—currently, mod323's term ends at the end of March 2024 and the other 2 members' terms end at the end of June 2024.

Therefore, in order to continue facilitating an efficient use of the remaining Beanstalk Farms budget, BFCP-C-4 is proposed.

All current BFC members have elected to waive the compensation established in their respective BFCP-A proposals.

The latest monthly report on how Beanstalk Farms is spending its budget can be found here.