Description
Beanstalk is a permissionless, decentralized, credit-based stablecoin protocol implemented in Solidity for the EVM. It aims to establish an Arbitrum-native, rent-free economy through its stablecoin, Bean. The protocol's ecosystem, governed by the Beanstalk DAO, includes components like the Silo for staking, the Field for debt management, and the Barn for governance. It maintains its peg using mechanisms such as Temperature and Crop Ratio adjustments. The project is open-source, with contracts on GitHub, and fosters community engagement via Discord and Snapshot governance. The ecosystem also features Basin, a composable EVM-native DEX, and Pipeline. Beanstalk provides comprehensive documentation, including a whitepaper and the Agronomics Handbook, and utilizes EIP-2535 to reduce gas costs.