🔥 Join CoinGecko Premium and CoinGecko Premium+ today!🔥 Ad-free experience, Boosted Candies, Exclusive NFT, and much more! 😉 Check it out!
digg  (DIGG)


Rebase $29,595 -0.1%
0.82151379 BTC 2.0%
13.18835131 ETH 0.2%
2,716 people like this
Market Cap
24 Hour Trading Vol
24h Low / 24h High
$28,567 / $29,971
Circulating Supply
365 / 552
Fully Diluted Valuation
Max Supply

How do you feel about DIGG today?
Vote to see results!
You voted
Good Bad
0% 100%
RebaseRebase Tokens default to Market Cap. chart
M. Cap

We're indexing our data. Come back later!

DIGG Price and Market Stats

DIGG Price
DIGG Price $29,595
Market Cap $10,816,375
Market Cap Dominance 0.00%
Trading Volume $15,273.67
Volume / Market Cap 0.0014
24h Low / 24h High $28,567 / $29,971
7d Low / 7d High $26,341 / $31,518
Market Cap Rank #843
All-Time High $93,638 -68.4%
Jan 25, 2021 (5 months)
All-Time Low $19,879.42 48.7%
Jun 05, 2021 (14 days)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 DIGG/ETH Info 0x798d1be841a82a273720ce31c822c61a67a601c3
13.117270079107 ETH
0.6% $41,772 $41,647
0.193 0X798
37.31% **about 4 hours ago Updated recently
2 DIGG/WBTC Info 0x798d1be841a82a273720ce31c822c61a67a601c3
0.823333064577606 WBTC
0.01% $0 $0
0.329 0X798
63.90% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

DIGG Coin Price & Market Data

DIGG price today is $29,595 with a 24-hour trading volume of $15,273.67. DIGG price is down -0.1% in the last 24 hours. It has a circulating supply of 370 DIGG coins and a max supply of 552. If you are looking to buy or sell DIGG, Sushiswap is currently the most active exchange.



What is DIGG?

digg btc defi badger

DIGG is the first elastic supply rebase token where its price is pegged to Bitcoin’s price. It is one of the products released by Badger Protocol.


How to obtain DIGG?

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


What is a Rebase token?

The concept of rebase tokens is a bit abstract. Unlike normal currencies, rebase tokens aim to peg their price towards a target. To do so, rebase tokens change their supply dynamically, corresponding to market demand. 

There are two prices to look at - the target price and the market price. If the market price is higher than the target price, the supply of the rebase tokens will be increased and vice versa. As such, users are actually owning a percentage of the network. 

For example, if a user owns 1% of the total supply, no matter if the rebase tokens are going through a positive or negative rebase, the user will still own 1% of the network in the end. Thus, to look at the value of rebase tokens, it is more insightful to look at their market capitalization rather than their price.

Ampleforth was the first rebase token where it has a target price peg of $1. After the launch of Geyser, its liquidity mining programme, Ampleforth skyrocketed from a valuation of $10 million to a peak valuation of $687 million. It later helped to inspire the launch of multiple algorithmic stablecoins such as ESD, DSD, FRAX, MIC, and BAC


How does DIGG rebases?

The rebase mechanism works similarly to Ampleforth. Currently, rebases are scheduled daily at 8PM UTC. Initial supply has been 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. 

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 of $50,000 and BTC price of $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 drop to $48,780.49. As such, the user will end up owning 41 DIGG, worth $2 million after rebase, which is the same as before!

Users can lock up their DIGG in Badger to receive bDIGG. Other than to earn more farming rewards, bDIGG is an attempt to make DIGG more composable in the DeFi ecosystem by making away with the supply changes daily. bDIGG supply will not be influenced by the supply rebases while its value will represent the underlying amount of DIGG, similar to yield-bearing tokens. 


What is the risk of investing in a rebase token?

Rebase tokens value is heavily tied with its market demand, but as it lacks intrinsic demand for any usage, currently it is mainly backed by speculation. 

Rebase tokens try to stabilise its price through Liquidity Provider (LP) tokens, pairing with tokenized assets that have its target price. For example, for USD rebase tokens, they are usually paired with stablecoins such as USDC or USDT. Meanwhile for BTC rebase tokens, DIGG is paired with WBTC. Normally there will be a yield farming programme for LPs to bootstrap liquidity. 

Becoming a LP for rebase tokens is highly risky. For example, in the early stage, there are high yield farming rewards offered for DIGG/WBTC LP UNI tokens. Users who want to earn the rewards will have to provide WBTC to the UNI pool where half of the WBTC will be converted into DIGG, pushing up DIGG price. 

At the later stage, rewards normally will reduce and there will be higher DIGG supply in the market. Without any other demand to hold DIGG’s price, DIGG may experience a selloff, where LP will exit through WBTC, causing DIGG’s price to crash. When negative rebase happens, the amount owned by the user will further decrease, inducing panic among users. This will further compound the selloff, initiating a vicious spiral downwards. 

Rebase tokens are still experimental in nature. Whether the demand for such financial products is sustainable remains to be seen. Please proceed with caution. 

coingecko (thumbnail mini)
CoinGecko for iOS
coingecko (thumbnail mini)
CoinGecko for Android