Badger DAO (BADGER)

The Badger DAO mainnet was launched in 2020. An open-source, decentralised organisation, it intends to simplify and automate BTC collateralization across different smart contract platforms. Developers known as ‘Badge Builders’ collaborate on implementing Bitcoin used as collateral on different blockchains. These developers earn BADGER tokens and a percentage of fees from this process. The tokens can then be used for platform governance and other functions.

Badger DAO has two products, Sett and DIGG. Sett is an aggregator that farms yields on tokenised BTC. DIGG is a synthetic Bitcoin on the Ethereum blockchain with a flexible supply that serves to remove centralised intermediaries.