What is Badger DAO?
The aim of Badger DAO is to form a DeFi ecosystem, which will allow accelerating BTC as collateral over the Ethereum and other blockchains. The decentralized autonomous organization's uniqueness lies in its being the first project, that focused on BTC instead of Ether as the main reserve asset. The app offers various Bitcoin operations: minting, borrowing, yielding, exchanging, liquidity and elasticity. Badger represents two products: Sett vault and DIGG. Sett allows depositing different types of tokenized Bitcoin like WBTC and renBTC to generate automated yield. DIGG is a flexible supply crypto asset pegged to the BTC rate. The network has its governance token called BADGER. Exercising it, users can vote and receive incomes from the fees earned by the network. On September 15, 2020, Chris Spadafora founded Badger Finance. On December 3, that year, the company airdropped Badger tokens to users that supported public goods by making donations, used tokenized BTC, and participated in decentralized governance. Users can buy BADGER tokens in different exchanges like Sushiswap or Huobi.