[BIP:95] Staworth Renewal

Total Cost: $7,500 + 20% VAT ($9,000 total) per month (6.7% decrease from last proposal)

TL;DR: renew Staworth Limited’s engagement for a further 3 months at a cost of $9,000 per month.

Background

In January 2025, Staworth received approval for an initial 12-month engagement for the DAO, covering financial reporting, non-reserved legal services, and support among a range of other functions for the DAO.

We’ve been honoured to serve throughout 2025 and are pleased to have grown the depth and breadth of our contributions throughout the year. While 2025 has been a more difficult year in terms of financial performance, we are optimistic that Beefy is still well operated and well positioned. We look forward to an exciting year for the project in 2026.

For more information on our background, please see the Who Are We? section of our previous proposal [BIP:86].

Contributions

Throughout 2025, we’ve delivered on a range of important contributions, in line with our goals for the year. These include:

• Completed the transition of all accounting and reporting services to Octav, and worked closely with their team to develop a range of new reporting tools, including the Beefy Financial Hub. See [BIP:96] and our article for more information.

• Shipped 4 full financial reports throughout the last 12 months, alongside internal analysis, which have supported prudent financial decisions including the current cost-cutting efforts.

• Aided with the response to the Balancer hack and Stream insolvency, which remain ongoing into 2026. Played a key role after these events in reformulating the new Risk Checklist, and preparing the Coverage Fund steering proposal alongside Nexus Mutual.

• Continued to provide detailed legal support in handling partnerships and procurement contracts, including grants from Sonic and Saga, key service providers like ChainPatrol, Hummingbot and Cede.

• Developed our smart contract development capabilities and deployed over 30 distinct Beefy products over the last 12 months, including spearheading the deployment of Beefy CLMs to Gnosis Chain.

• Continued producing articles, content and thought leadership throughout the year, and working on the marketing efforts to celebrate Beefy’s 5th birthday.

• Represented Beefy at 3 international events across the year in Denver, Berlin and Buenos Aires. For this, we incurred a total of $3,096 in reimbursed disbursements for travel and accommodation costs.

Goals

The next 3 months are a crucial period for Beefy to adapt to market conditions and position ourselves to continue generating sustainable revenue long term. Though the needs of Beefy’s operations can change dramatically from month to month, we anticipate that the coming months will require Staworth to focus particularly on:

• Growing contributions as a junior strategist to support our smart contract development functions. Beyond deploying products, this also means contributing to the maintenance of our onchain infrastructure to ensure smooth and efficient operation.

• Careful accounting and analysis of financial performance to optimise our positioning around profitable opportunities and minimise unexpected costs.

• General support with business development and partner relations as we strive to capitalise on significant opportunities like new chain launches. This includes supporting some marketing initiatives with content and execution.

• Fast and effective legal review and support for professional partnership arrangements and procurement operations, ensuring we can deliver on exciting new opportunities efficiently.

In [BIP:96], we also set out a range of goals for our work with Octav over the next 12 months. As explained in the next section, we have opted to separate these 2 proposals to support the ongoing cost-cutting efforts over the next 3 months. With that said, we intend to continue our close collaboration with Octav in the course of the next 3 months.

Budget

In line with the general move to cut costs across the DAO, we have agreed to a proposed 6.7% fee reduction over the next 3 months, representing our small contribution to the wider range of savings proposed in [BIP:94].

We have also agreed to move to a 3-month engagement for this proposal in line with the rest of the team. Cuts are a difficult topic on their own, but attempting to steer that ship fairly is more difficult when a range of contributors and service providers are operating on different terms. We are happy to play our part in reducing costs and ensuring that further adjustments can be made on relatively short timescales if needed.

As stated in [BIP:94], we recognise that the cuts are intended as a temporary measure, and will seek a readjustment in line with the ordinary contributor funding when the time is right.

Terms

This arrangement will be subject to Staworth’s independent contractor terms throughout.
In addition, the following supplementary terms shall apply specifically for Beefy DAO:

• Conflicts of Interest - where any apparent conflict of interest is identified in any of the work to be performed by Staworth under this engagement, whether by Staworth, Beefy or third parties, either Staworth or Beefy shall be entitled to halt that work immediately without explanation. Staworth shall create and maintain a conflicts policy and register, as a means of safeguarding against conflicts.

• Independent Interests - subject to any provisions and policies relating to conflicts of interest, nothing in this agreement shall impact the rights of Staworth and its contributors to hold or action their own independent views and interests in matters of the Beefy DAO’s governance. Staworth and its contributors shall always retain the right to abstain without explanation on any governance matters.

• Split Services and Expenses - there may be circumstances where Staworth provides services in parallel for multiple clients (e.g. attending conferences with opportunities to represent 2 or more projects). In such circumstances, Staworth will always report the existence of such a split to all client contributor teams, together with an indication of the likely division of its efforts between them. Where any expenses are incurred in relation to split services, Staworth will offer to split the funding of its expenses in line with its expected efforts for each client.

If approved, this engagement will commence on the 1 February 2026 and proceed to the end of April 2026. A further engagement proposal will be provided towards the end of this engagement.

Proposal

Beefy DAO should renew its engagement with Staworth for another 3 months at a cost of $7,500 + 20% VAT ($9,000 total) per month.