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What is the BADGER token used for?

How BadgerDAO uses the BADGER token. BadgerDAO is focused on bringing Bitcoin to DeFi on different chains. Currently using RenVM to bridge to Ethereum.

BADGER token is


BADGER is the governance token of BadgerDAO.

BADGER token is used for


  • Governance
  • Yield Farming

How could value accrue to BADGER token?


Potential

Fees from the protocol could be voted to more directly be awarded to token holders.

What is BadgerDAO?


BadgerDAO is focused on bringing Bitcoin to DeFi on different chains. Currently using RenVM to bridge to Ethereum.

How BadgerDAO works


BadgerDAO is a yield aggregator focused on wrapped Bitcoin on Ethereum and other chains. In BadgerDAO users can bridge their BTC, deposit in vaults and earn interest.

DIGG

DIGG is a rebasing currency pegged to BTC.

Sett fees

These fees apply on all Setts on all chains except if noted in the exceptions.

  • 0.5% Withdrawal
  • 20% Performance (50% to strategists)

Sent to Treasury. Governance decides use of funds.

Governance

Uses an Aragon DAO.

  • Sett vaults
  • Treasury
  • Operations

Token issuance


Total supply: 21 000 000

  • 10% airdrop (governance participants etc)
  • 10% founders (1 year vest)
  • 80% Emissions, community

Docs


Docs

Similar projects


BADGER price


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