Badger DAO (Badger)

Badger DAO (Badger)

Badger DAO (Badger)

Badger —— A Decentralized Autonomous Organization (DAO) Focused on Bringing Bitcoin to DeFi
  1. Badger Finance is a community DAO, focused on bringing Bitcoin to DeFi. The DAO's debut products are Sett, a yield aggregator, and Digg, a BTC-pegged elastic supply currency.
  2. Badger is a decentralized autonomous organization (DAO) with a single purpose: build the products and infrastructure necessary to accelerate Bitcoin as collateral across other blockchains.
  3. Badger DAO The governance of Badger Finance is managed via an Aragon DAO with a liquid governance token.

Key Metrics

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Recent Price$59.43
Market Cap
$140,933,254.70
Circulating Supply
2.318.032 BADGER
Max Supply
21.000.000 BADGER

About Badger Finance

Badger Finance is a community DAO, focused on bringing Bitcoin to DeFi. The DAO's debut products are Sett, a yield aggregator, and Digg, a BTC-pegged elastic supply currency.

Components

  • Badger DAO The governance of Badger Finance is managed via an Aragon DAO with a liquid governance token.
  • Sett The debut yield aggregator product of the DAO, focused on innovating on the best bitcoin-related yield strategies.
  • Digg A BTC-pegged elastic supply currency, based on the Ampleforth protocol.
  • Token Distribution The Badger governance token ($BADGER) and the Digg token ($DIGG) will be initially distributed via airdrops for users who have demonstrated an active interest in Bitcoin DeFi and community governance, early contributors to the DAO, and as staking rewards for participation in Sett.
  • Assistants Traditional backend services to provide necessary updates to the system. These include oracles, keepers, and system monitors

About Badger DAO

Badger is a decentralized autonomous organization (DAO) with a single purpose: build the products and infrastructure necessary to accelerate Bitcoin as collateral across other blockchains.

It’s meant to be an ecosystem DAO where projects and people from across DeFi can come together to collaborate and build the products our space needs. Shared ownership in the DAO will allow builders to have aligned incentives while decentralized governance can ensure those incentives remain fair to all parties. The idea is less competing and more collaborating.

That’s why it’s important that it starts as a community-led initiative from day one. Any decisions are made through a governed vote including what, how, and when Badger DAO products are created. Equally important is ensuring there is a fair distribution of $BADGER to give all participants the opportunity to get involved and benefit.

This forms the pillars of what ensures Badger always remains community first, fair and transparent.

  • Badger Builders
  • Community created products
  • Dedicated Badger operations team
  • Fairly initial distribution of $Badger Tokens for governance
  • All code open-sourced

Badger community members can propose new product ideas to the DAO, pitch the proposal to the greater community over video and finally take the proposal if it passes these stages to an official vote for approval. Once approved the Badger DAO ops team will collaborate with them to build it, fund it and market it.

Badger builders are open and willing to collaborate with anyone wanting to build with together. It would be amazing to see leading developers and DeFi protocols participate in this program.

This structure is meant to give everyone an opportunity to build what’s needed regardless if they are an individual developer, blockchain company, dev shop or just a person with an idea. Anything launched by the Badger community should be inherently fair, transparent and rewarding all those involved in bringing the product to life. This includes shared fees, token rewards etc.

The Badger DAO is based on the Aragon company template

The BADGER token is the native governance token for the DAO, granting voting rights over the future direction and use of the treasury.

Configuration

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ParameterDescriptionValue
Support
Relative percentage of tokens that are required to vote “Yes” for a proposal to be approved. For example, if “Support” is set to 50%, then more than 50% of the tokens used to vote on a proposal must vote “Yes” for it to pass.
50%
Minimum Approval
Percentage of the total token supply that is required to vote “Yes” on a proposal before it can be approved. For example, if the “Minimum Approval” is set to 20%, then more than 20% of the outstanding token supply must vote “Yes” on a proposal for it to pass.
10%
Vote Duration
Length of time that the vote will be open for participation. For example, if the Vote Duration is set to 7 days, then token holders have 7 days to participate in the vote.
7 days

Apps

Badger Finance DAO uses the following Aragon Apps:

  • Voting: Used to create and participate in votes. Votes can be linked to an action, such as minting BADGER or transferring funds, or be purely informative.
  • Tokens: Manages the supply and distribution of BADGER.
  • Finance: Manages the organization's financial assets, including ETH and ERC20s.
  • Agent: Enables the organization to interact directly with any other smart contract on Ethereum. For example, adding liquidity to a Uniswap or Balancer pool.

Project Team

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From Badger Weibo[/caption]

Community and Social Channel

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