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Badger DAO

Badger DAO is an open-source decentralized automated organization designed for building programs and infrastructure for simplifying the use of Bitcoin as collateral across different platforms. Its goal is to bring Bitcoin to DeFi and to make it easy to bridge BTC to any other platform. 

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What Is Badger DAO?

Badger DAO is an open-source decentralized automated organization designed for building programs and infrastructure for simplifying the use of Bitcoin as collateral across different platforms. Its goal is to bring Bitcoin to DeFi and to make it easy to bridge BTC to any other platform. 

It is a collective of developers called Badger Builders who run the DAO and are able to collaborate and implement bitcoin as collateral on other platforms. For the implementation, the developers can receive rewards as a percentage of the fees or BADGER tokens from the developers’ mining pool. 

A Builder can be a single developer, a group of developers, or a company. There are no obligations or conditions on which someone can participate in building. Though, before any product can be launched, it should be pitched, voted for, and approved by the holders. 

Badger has 2 main products: DIGG and Sett. DIGG is a non-custodial synthetic Bitcoin and Ethereum blockchain pegged to the Bitcoin price that aims to remove centralized third parties from the operations. It has a flexible supply and can be re-based. Sett is a DeFi aggregator with flash-loan mitigation focused on tokenized BTC through numerous strategies. When the users make deposits they get a chance to earn a yield. Farmers who deposit tokenized BTC into the Sett vault receive both DIGG and BADGER. 

The mainnet was launched in December 2020. The founder of the project is Chris Spadafora, who’s been a crypto enthusiast and investor for a long time, who is also a partner in Angelrock. 

BADGER is an ERC-20 token powering the Badger DAO. It is owned by 29 000 wallets who have a right to vote for the governance. The coin has a maximum supply of 21 million and a circulating supply of 10.3 million Badger. It is traded on Ethereum, Binance Smart Chain, and Polygon and supported by Fantom. Badger can also be used for staking rewards and as collateral on different platforms across DeFi.

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