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badger dao  (BADGER)

Badger DAO (BADGER)

$26.22 -8.3%
0.00057876 BTC -0.9%
0.00739446 ETH -1.4%
16,469 people like this
Market Cap
$216,947,635
24 Hour Trading Vol
$23,678,976
24h Low / 24h High
$23.85 / $29.08
Circulating Supply
8,260,747 / 21,000,000
Fully Diluted Valuation
$551,511,857
Max Supply
21,000,000
Total Value Locked (TVL)
$920,001,112
Market Cap / TVL Ratio
0.24
Fully Diluted Valuation / TVL Ratio
0.6
BADGER
USD

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1h
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Badger DAO Price and Market Stats

Badger DAO Price
BADGER Price $26.26
Market Cap $217,438,050
Market Cap Dominance 0.01%
Trading Volume $22,478,697
Volume / Market Cap 0.1039
24h Low / 24h High $23.85 / $29.08
7d Low / 7d High $26.04 / $32.53
Market Cap Rank #241
All-Time High $89.08 -70.5%
Feb 09, 2021 (3 months)
All-Time Low $2.81 837.9%
Dec 05, 2020 (5 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 BADGER/ETH Info 0x3472a5a71965499acd81997a54bba8d852c6e53d
$25.99
0.0073332458792131 ETH
0.6% $226,372 $225,692
$2,593,455.01
99776.833 0X347
11.54% Recently
2 BADGER/USDT
$26.27
26.225 USDT
0.52% $228,272 $120,366
$327,110.77
12452.082 BADGE
1.46% Recently
3 BADGER/USDT
$26.24
26.1967 USDT
0.09% $46,589 $184,754
$52.48
2.000 BADGE
0.00% Recently
4 BADGER/USDT
$26.31
26.2707 USDT
0.25% $55,626 $173,341
$2,764,636.74
105095.984 BADGE
12.30% Recently
5 BADGER/USDT
$26.28
26.266 USDT
0.5% $21,054 $26,421
$3,411,638.17
129814.277 BADGE
15.19% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

About Badger DAO Coin

Badger DAO price today is $26.22 with a 24-hour trading volume of $23,678,976. BADGER price is down -8.3% in the last 24 hours. It has a circulating supply of 8.3 Million BADGER coins and a max supply of 21 Million. Sushiswap is the current most active market trading it.

 

What is BADGER?

BADGER is the governance token for the Badger DAO. It can be used to vote and receive cash flow from the fees earned by the protocol. 

BADGER tokens were airdropped on 3rd December 2020 to users that: 

  1. Supported public goods (e.g. donated to Gitcoin projects)

  2. Used tokenized Bitcoin on DeFi protocols

  3. Participated in decentralized governance

Eligible activities including minting tokenized BTC (sBTC, wBTC and renBTC), and those that donated to Gitcoin. 

 

How to obtain BADGER?

BADGER can be obtained by buying them from exchanges such as Sushiswap or Huobi. You can find BADGER trading on various centralized and decentralized cryptocurrency exchanges

 

What is Badger DAO?

badger defi yield

Badger DAO aims to create an ecosystem of DeFi products with the ultimate goal of bringing Bitcoin into Ethereum. It is the first DeFi project that chose to focus on BTC as the main reserve asset rather than using ETH. 

During launch, there are two main products, Sett and DIGG

 

What is Sett?

Sett is a yield farming aggregator focused on tokenized BTC. Setts can mainly be categorised in three categories. 

  1. Tokenized BTC Vaults 

  • Inspired by Yearn Finance’s vaults, initial products include Bitcoin vaults that farm CRV such as SBTCCURVE, RENBTCCURVE and TBTC/SBTCCURVE metapool. 

  • They also collaborate with Harvest protocol to farm CRV and FARM tokens with RENBTCCURVE deposited in Harvest itself. 

  1. LP vaults

  • To attract more users, there is a Sett for WBTC/WETH that farms SUSHI rewards.

  • Other than that, four Setts are created to bootstrap liquidity for BADGER and DIGG.

    • WBTC/BADGER UNI LP

    • WBTC/DIGG UNI LP

    • WBTC/BADGER SUSHI LP

    • WBTC/DIGG SUSHI LP

       3. Protocol Vaults

  • Users can choose to avoid Impermanent Loss (IL) and tokenized BTC risks just by staking the native BADGER and DIGG tokens  into bBADGER and bDIGG vaults, earning protocol fees and yield farming rewards. 

Trivia: The word Sett is chosen as it refers to a badger's home. 

 

What is DIGG?

DIGG is the first elastic supply rebase token that pegged to the price of Bitcoin. The rebase mechanism works similarly to Ampleforth that is pegged to the price of USD. Currently, rebases are scheduled daily at 8PM UTC. Initial supply is set at 4,000 DIGG. 15% of the initial supply were airdropped to Sett users. There is a yield farm to earn DIGG alongside BADGER for roughly 22 weeks starting from 23rd January 2021. 

The concept of rebase tokens is a bit abstract. Unlike normal currencies, it aims to peg its price towards a target. To do so, rebase tokens change their supply dynamically, corresponding to market demand. Below is the formula used to execute the supply rebase, with Rebase Multiplier set at 10 as DIGG aims to reach parity with BTC in 10 rebase periods. 

Deviation from peg = (Current Price - Target Price) / Target Price

Rebase Amount = Current Supply * (Deviation From Peg/Rebase Multiplier)

New Supply = Current supply + Rebase Amount

For example, if a user owns 40 DIGG (1% of total supply) today with the DIGG price at $50,000 and BTC price at $40,000, the user has $2 million worth of DIGG. With the positive rebase, supply will increase by 2.5% and the price is expected to hit $48,780.49. As such, the user will end up owning 41 DIGG, worth $2 million after rebase, which is the same as before!

Other than earning more farming rewards, bDIGG is an attempt to make DIGG more composable in the DeFi ecosystem by making away with the supply changes daily. So bDIGG supply is not influenced by the rebases, while its value will represent the underlying amount of DIGG, similar to yield-bearing tokens. 

 

What are the fees to use Badger DAO?

During the yield farming period, a withdrawal fee of 0.5% and a performance fee of 20% will be charged, with the aim to transition into 2% management fee and 20% performance fee after that. Currently the fees are only charged on Sett products. 

 

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