Beanstalk Pods

Pods on Beanstalk represented loans to the protocol: Farmers burned Beans in exchange for a claim on future minted Beans. Beanstalk Pod holders received Pods in a separate Beanstalk Pod Line based on a snapshot of the Beanstalk Field at the time of Pinto deployment.

The Beanstalk Pod Line contains approximately 919.77 million Pods and operates independently from Pinto's primary Pod Line: it has its own Harvestable Index and follows the same first-in, first-out (FIFO) redemption order.

How Pods Become Harvestable

Each Season, when the Pinto supply exceeds 1 billion and the time-weighted average price of Pinto is above $1, a portion of newly minted Pinto is allocated to the Beanstalk repayment Field. This advances the Harvestable Index of the Beanstalk Pod Line, converting Unharvestable Pods into Harvestable Pods on a FIFO basis.

Pods at the front of the Beanstalk Pod Line become Harvestable first. The rate at which Pods become Harvestable depends on how many Pinto are minted and allocated to this route each Season.

Harvesting

To Harvest, visit the Beanstalk Obligations page on the Pinto interface and click Harvest in the Beanstalk Pods section. Harvesting converts Harvestable Pods into Pinto on a 1:1 basis and sends them to the Farmer's wallet.

Farmers with multiple Plots may have some Plots that are fully Harvestable, some partially Harvestable, and some still Unharvestable, depending on their position in the Beanstalk Pod Line.

Transferring

Beanstalk Pods can be transferred to another address by clicking Send in the Beanstalk Pods section. Farmers can transfer entire Plots or partial Plots by specifying a range within a Plot.

Trading

Beanstalk Pods can be bought and sold on the Pod Market by clicking Buy/Sell in the Beanstalk Pods section.

Completion

The Beanstalk Pod repayment is the last route to finish. As the Beanstalk Silo and Beanstalk Fertilizer routes complete, their allocations cascade to the remaining routes, eventually directing up to 3% of all mints to the Beanstalk Pod Line. See the Distribution section for the full cascading logic.