BadgerBADGER Price

Badger DAO (Badger) is a decentralized autonomous organization that facilitates the use of bitcoin as collateral across a spectrum of DeFi applications. Badger was built to serve the rising popularity of DeFi, from 2020 and beyond, and the need for bitcoin on DeFi applications built on Ethereum, Polkadot, Solana, and other blockchains.

As the name would suggest, Badger DAO works predominantly a DAO. However, the platform has also integrated an array of products to further its goal of making bitcoin a usable asset. This includes partnerships with DeFi projects, for example, Yearn, Curve, and Ren.

What are Badger DAO’s (BADGER) key features and how does it work?

Badger offers a set of products to the market in light of the surge in DeFi popularity. This includes Sett Vaults and Digg. 

The core product of Badger DAO is Sett Vaults. They allow users to deposit from more than twenty various Bitcoin-linked assets into smart contracts. Automated trading strategies are then executed to earn yield and high rewards. Strategies vary depending on the cryptocurrency and could involve lending assets to earn interest, farming governance tokens of other protocols, or providing liquidity to traders.

Badger’s second product, DIGG, is a cryptocurrency pegged to the value of Bitcoin, BTC. It is decentralized and has an “elastic supply”. DIGG maintains its loose peg to BTC via parameters integrated in its smart contracts. If the price of DIGG exceeds 1.05 BTC, a positive rebase will take place, and DIGG supply in wallets and smart contracts increases. On the other hand, if the price falls below .95 BTC, the supply will decrease. 

Holding DIGG increases APYs in Vaults on the BadgerDAO protocol, and can also be used to provide liquidity to the DIGG-WBTC pool on Sushiswap.

Managed in partnership with Ren Protocol, Badger Bridge functions as a link between the Bitcoin and Ethereum blockchains. There are three main functions for Badger Bridge. These are Mint, Mint & Earn, and Release. Mint allows users to convert BTC into renBTC or wBTC. Mint & Earn brings BTC from the Bitcoin blockchain directly into a yield-earning Sett Vault. Release converts renBTC or wBTC from Ethereujm back into BTC onto the Bitcoin blockchain.

What can Badger DAO (BADGER) be used for?

The BADGER token is Ethereum based and used for the governance of the protocol, as well as reward distribution within Badger DAO. Rewards are given to users who help to manage Sett Vaults. Any holder of the BADGER token is able to vote on any change proposed by community members. Holding more BADGER gives a user more voting power.

Where can you buy BADGER DAO (BADGER)?

BADGER is available to buy from the CEXs and DEXs:

• Binance;
• Coinbase;
• Okex;
• Gate.io;
• Sushiswap.