DIGG DIGGPrice $ 555.20

DIGG is the first decentralized, elastic supply crypto asset pegged to the price of Bitcoin and governed by BadgerDAO. Unlike custodial forms of BTC on Ethereum, DIGG is not backed by Bitcoin under management. Instead, DIGG relies on parameters built into its smart contracts in order to maintain a loose peg to BTC. Every day, a "rebase" occurs. If the price of DIGG is greater than 1.05 BTC, a positive rebase occurs and the supply of DIGG in wallets and smart contracts increases. If the price is under .95 BTC, the supply decreases. If the price is between .95 and 1.05 BTC, the supply remains unchanged. In this way, the smart contract works to push circulating supply of DIGG closer to an equilibrium where the market demands an amount of DIGG such that its price equals the current price of BTC. Rebases change the number of DIGG tokens you see in your wallet, but does not change your percentage ownership of total supply. Holding DIGG in your wallet (or staked as bDIGG) increases your APYs in other Vaults as part of the Badger Boost system.