What is Badger DAO?
Badger DAO is a community-governed DeFi protocol designed to bridge Bitcoin with decentralized finance. It builds essential infrastructure and develops products to integrate Bitcoin into the DeFi ecosystem, leveraging tokenized BTC like WBTC, renBTC, and sBTC.
The BADGER Token: Roles and Utility
BADGER is the governance token of Badger DAO, an ERC-20 token on the Ethereum blockchain. Holders use BADGER to vote on protocol upgrades and decisions. Key details:
- Total supply: 21,000,000 BADGER.
- Primary use: Governance (additional utilities may be added via community votes).
Badger DAO’s Ecosystem (Tokenomics)
The ecosystem revolves around two core components: Sett (vaults) and Digg (elastic-supply stablecoin).
Sett: Yield-Optimizing Vaults
Sett vaults allow users to deposit tokenized BTC (e.g., WBTC, renBTC) to earn yield via:
- Staking and liquidity farming (e.g., sBTC Curve Pool, Badger<>WBTC Uniswap LP).
- Fee structure: 0.5% withdrawal fee + 20% performance fee (waived for Badger/wBTC pools).
Digg: Bitcoin-Pegged Stablecoin
Digg is an elastic-supply token pegged to Bitcoin’s price. Its mechanics mirror Ampleforth:
- Daily rebasing: Adjusts supply based on Digg’s USD value relative to BTC.
- Liquidity: Provided via Sushiswap and Uniswap.
- Core contracts: Orchestrator, uFragmentPolicy, and uFragment handle rebasing logic.
BADGER Token Value
- Price: $7.20 (150% growth since launch).
- Daily trading volume: $1B–$3B.
Key Features of Badger DAO
- BTC in DeFi: Farm yields with tokenized Bitcoin (e.g., renBTC, WBTC).
- Diversified Pools: Reduce risk by choosing non-native token pairs (e.g., Curve.fi/sBTC LP).
- High-Risk, High-Reward: APYs up to 1,847% (Badger/wBTC LP).
How to Acquire BADGER Tokens
- Stake/farm in Badger DAO vaults.
- Buy on DEXs: Uniswap or 1inch.
Wallets and Exchanges
Supported Wallets
Any ERC-20-compatible wallet (e.g., MetaMask, Trust Wallet).
Top Exchanges for BADGER
| Exchange | Trading Pair | Price (USD) | 24h Volume |
|------------------|-----------------|-------------|-------------|
| Uniswap (V2) | WBTC/BADGER | $7.21 | $1.3M |
| 1inch | ETH/BADGER | $7.21 | $19,910 |
Team and Roadmap
- Anonymous team, with four public representatives.
- No VC funding—fully community-driven.
- No formal roadmap; governance transitions to token holders.
Should You Buy BADGER?
- Yes if: Participating in governance or yield farming.
- No if: Seeking short-term speculation (low inherent utility for price pumps).
Project Verdict
Badger DAO fills a unique niche by tokenizing Bitcoin for DeFi. Despite its risks (e.g., anonymous team), it offers high APYs (~1,847%) and has secured $200M+ in TVL. Ideal for risk-tolerant investors.
FAQ
1. Is Badger DAO safe?
While audits exist, its anonymous team adds risk. Always DYOR.
2. How high can BADGER’s APY go?
Historically up to 1,847%, but yields fluctuate with market conditions.
3. Where can I stake BADGER?
Use Badger’s Sett vaults or Uniswap LP.
4. What’s Digg’s rebase frequency?
Daily, based on BTC price oracles.
5. Can I mine BADGER?
No—only via farming/staking.
Final Note: Badger DAO merges Bitcoin’s strength with DeFi’s innovation. Stake, govern, or trade—but always assess risks.