Badger DAO

Purpose and Utility

Badger DAO is a decentralized autonomous organization (DAO) focused on building infrastructure and products that bring Bitcoin to the DeFi ecosystem. The BADGER token serves as a governance token, allowing holders to vote on protocol decisions and parameters.

Business Model Analysis

The platform's core functionality revolves around creating products that allow Bitcoin holders to earn yield through various DeFi strategies. The primary products include: Sett Vaults (automated yield farming strategies), DIGG (an elastic supply Bitcoin-pegged token), and ibBTC (interest-bearing Bitcoin).

Real-World Adoption

Badger DAO has established partnerships with notable projects in the DeFi space and maintains active integration with platforms like Curve Finance and Convex. The platform has demonstrated consistent usage metrics for its yield-generating vaults.

Platform Development

The project maintains active development with regular updates to its smart contracts and infrastructure. The GitHub repository shows consistent activity, and the team regularly communicates updates through their official channels.

Token Distribution

The token distribution includes allocations for the DAO treasury, team members, and community rewards. Team tokens have vesting schedules to align long-term incentives.