Learn from the past

The raising of Beanstalk came from an excellent idea and its community - not from the execution of the dev team. The community has actively supported the idea of forking from Beanstalk but was not supported by the developers team.

Building is not just writing codes, it is all about listening, communicating, and bringing the product to the market.

Today, we see the price of $Bean falling, but we believe in the system's core idea and want to bring it back in our ways.

The future with Melon

Fully Decentralized

We believe that upgrading smart contracts via the governance voting process is risky, even off-chain voting and not fully decentralized, it may have bugs and manipulations. To address this problem, the MelonFarm protocol is split into two main components:

Melon Core System

Manage the Melon stablecoin, the Sun, Silo staking, and the Field. This core system's smart contracts are immutable and have no admin management functions.

To achieve this decentralized level, we have to make the trade-off that the Silo staking will have only two whitelisted assets forever, they are Melon and Melon-ETH LP tokens.

The most important component of the Melon core system is the Melon price oracle. We are using the on-chain Uniswap LP - TWAP oracle for the Melon-ETH trading pair and the ChainLink ETH price feed to fetch the ETH price.

Melon external and additional products

The core system is not enough to expand the Melon Farm, we need products and people to use Melon somewhere just like people are using DAI from MakerDAO.

Our top priority after the core system goes live is building utility products using the Melon stablecoin. These products focus on lending, exchanges, payments, and partnerships to using Melon tokens in their platforms.

We commit with the community

We are strongly against the current development and team budget mechanism from Beanstalk, they are not benefit but exploit the community. They minted Bean and paid developers whatever the community was earning or not.

Pay first, make it later!

Developers at MelonFarm will earn 10% from any amount of new Melons minted as long as we are building and making the MelonFarm mint. These funds will be used to cover our development and marketing costs, as well as incentivize users in our new products in the future. We commit to growing alongside with community!

Build first, earn later together!

The Sunrise

The first Melon season is expected to come very soon. No ICOs, no presale, no pre-mine, just a stealth launch and we will use our capital to provide the core Melon-ETH liquidity pool.

The exact timeline has not been finalized yet, please follow our X (Twiiter) or join our Discord for updates