Badger DAO (BADGER)

Badger DAO is an open-source, decentralised, automated organisation with the goal of making it easier to use Bitcoin (BTC) as collateral on many smart contract platforms. It does this by building products and infrastructure.

The platform is a place where developers, who are called Badge Builders, can work together to add Bitcoin as collateral to as many blockchains as possible. For each implementation, a developer can get a share of the fees and BADGER tokens from the developer mining pool. On December 3, 2020, the mainnet went live.

A builder can be a single developer, a group of developers, or a company. There are no fixed requirements for participation, and anyone can make something. Badger Builders, products made by the community, a dedicated Badger Operations team, a fair initial distribution of BADGER tokens for governance, and the fact that all of the code is open-source are the main parts of Badger DAO.

Chris Spadafora is the person who started Badger DAO. He has been interested in crypto for a long time, invested in it, and is a partner at Angelrock.

Sett and DIGG are the two main things that Badger DAO sells. Badger DAO is a community-driven project, so before any products are made, they must be pitched to token holders, put to a vote, and get their approval.

Sett is an aggregator for decentralised finance (DeFi). It has five strategies to protect against flash loans that focus on tokenized BTC. When a user makes a deposit, the smart contract of the protocol does the work so that the user can get a return.

DIGG is a fake Bitcoin that runs on Ethereum's blockchain and is tied to the price of BTC. It has a flexible supply and a function to re-base itself. Its main goal is to get rid of third parties that are centralised.

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