Wen? Now! BadgerDAO’s synthetic rebasing Bitcoin, DIGG, goes live
A $20 million synthetic rebasing Bitcoin token launch has gone live — but will it even work? After weeks of anticipation and a closely-watched series of preparatory steps, BadgerDAO’s synthetic rebasing Bitcoin, DIGG, is now live and claimable for qualified addresses on Ethereum mainnet. The release will be eagerly welcomed by a perhaps-overzealous community, one which has been lighting up Twitter with “wen DIGG” for weeks. For all the memes and excitement, however, there’s some serious technical heft behind both the distribution and the maintenance of the newest Bitcoin asset on....
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Badger DAO founder Chris Spadafora on bringing a long-awaited product to market and building for the future The launch of Badger DAO’s DIGG, a synthetic rebasing asset meant to track the price of Bitcoin, is one of the most eagerly anticipated product releases in recent DeFi memory — but the person most excited to see DIGG hit the market might not be a trader, but instead Badger DAO founder Chris Spadafora himself. According to community-minded Spadafora — who would be quick to note that he doesn’t care for the “founder” label despite its technical truth — anticipation for the launch has....
Bitcoin in DeFi gets a promising boost as two major yield vault projects join forces Today, Bitcoin-on-Ethereum yield vault project BadgerDAO and fellow yield vault platform Yearn.Finance announced a partnership designed to bring Yearn’s sustainable vault expertise to Badger. “Today we’re excited to develop a partnership that will bring our teams together to further accelerate best in class BTC vaults for the industry,” BadgerDAO said in a blog post. “This is a step to further secure users funds as we continue to introduce more Yearn developed, maintained and secured vaults to our....
On the frontiers of algorithmic assets, trading isn’t the only activity that will raise your heartrate As the team behind Morph.Finance can attest, developing an algorithmic stablecoin project can be every bit as frustrating and thrilling as investing in one. While algorithmic assets have retreated from mid-December marketcap highs, the space has nonetheless continued to attract intrepid investors and developers aiming to position themselves at the forefront of a new financial vertical — though it remains an open question if such projects will ever achieve stability. Largely formed in the....
Anonymous analyst “Wezek Bruh” posted the main reasons why BadgerDAO and its native token pegged to Bitcoin, DIGG, could be a great opportunity for investors. Created as a rebase token, DIGG has the capacity to contract or expand its supply to meet a price target, as Wezek Bruh explained. The analyst believes there is value […]
Badger DAO has welcomed some deep-pocketed investors into the community with an asset sale aimed at de-risking the treasury portfolio. Some major venture capital names are ‘sett’ to join the Badger DAO community. Bitcoin on Ethereum-focused decentralized finance (DeFi) protocol Badger DAO announced today a $21 million sale of DAO treasury assets to four major investors: Polychain Capital, Parafi Capital, Blockchain Capital, and noted whale wallet 0xB1. The sale was made as part of a wider “Treasury Diversification through Strategic Partnerships” plan first outlined in Badger Improvement....