Badger DAO BADGER / Badger DAO

What Is Badger DAO (BADGER)?

Badger DAO is an open-source, decentralized automated organization that is dedicated to building products and infrastructure of simplifying the use of Bitcoin (BTC) as collateral across many smart contract platforms.

این پلتفرم یک فضای مشترک است که در آن توسعه دهندگان، معروف به Badge Builders، توانایی همکاری و پیاده سازی بیت کوین را به عنوان وثیقه برای هر چه بیشتر بلاک چین ها دارند. یک توسعه‌دهنده می‌تواند درصدی از کارمزدها و توکن‌های BADGER را از استخر استخراج توسعه‌دهنده برای هر پیاده‌سازی دریافت کند. شبکه اصلی در 3 دسامبر 2020 راه اندازی شد.

A builder can be a single developer, a group of developers, or even a company. There are no fixed obligations to participation requirements, and anyone can create. The pillars of Badger DAO include the Badger Builders, the community-created products, the Dedicated Badger Operations team, the fairly initial distribution of the BADGER tokens for governance and the fact that all of the code is open-sourced.

Who Are the Founders of Badger DAO?

The founder of Badger DAO is Chris Spadafora. He is a long-term crypto enthusiast, investor, and partner at Angelrock.

What Makes Badger DAO Unique?

Badger DAO has two main products: Sett and DIGG. Badger DAO is a community-driven project; as such, before any products are developed they first need to be pitched to, voted on and approved by token holders.

Sett is a decentralized finance (DeFi) aggregator that has flash loan mitigation measures focused on tokenized BTC through five strategies. Once a user makes a deposit, they can earn a yield as the protocol’s smart contract does the work.

In order to incentivize this participation, farmers that deposit tokenized BTC into the Sett vault earn BADGER and DIGG. Aside from a 0.5% fee, an additional 4.5% is deducted from the profits to cover gas and transaction costs.

DIGG is a non-custodial synthetic Bitcoin on Ethereum’s blockchain that is pegged to the price of BTC with a flexible supply and a re-base function. Its main goal is to remove centralized third parties.

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How Many Badger DAO (BADGER) Coins Are There in Circulation?

Badger DAO (BADGER) has a circulating supply of 7,339,511 tokens as of March 2021 and a maximum supply of 21,000,000 BADGER.