Question 1

What is Badger DAO (BADGER)?

Accepted Answer

Badger DAO, also known as BADGER, is an open-source decentralized autonomous organization (DAO). It's committed to simplifying the use of Bitcoin (BTC) as collateral across a spectrum of smart contract platforms. Its primary mission is to bridge the world of Bitcoin with the decentralized finance (DeFi) ecosystem. This community-driven initiative focuses on creating infrastructure and products to usher Bitcoin seamlessly into the world of DeFi.

Question 2

Who Created Badger DAO?

Accepted Answer

Badger DAO was conceptualized and brought to life in September 2020 by an adept team comprising Chris Spadafora, Ameer Rosic, Albert Castellana, and Alberto Cevallos. Their efforts were augmented by dOrg, a notable entity specializing in building DAO-centric software solutions. True to its decentralized ethos, the Badger DAO community emphasizes principles of equity, transparency, and community-driven token distribution. This ensures that the platform remains committed to allowing the use of tokenized Bitcoin variants, such as WBTC or renBTC, as collateral in the Ethereum-based DeFi arena.

Question 3

What is $BADGER Used For?

Accepted Answer

$BADGER stands as the governance token pivotal to the operations of Badger DAO. While initially conceived to empower holders with voting rights on project proposals, its utility has since evolved. Key functionalities of $BADGER include:

**Governance:** Token holders are endowed with voting rights in the DAO, enabling them to actively influence decision-making processes and the trajectory of the platform.

**Reward Distribution:** The token is integral to the distribution of rewards, especially for those stewarding the Sett Vaults. This dynamic helps in engendering a sense of participation and ownership among the community.

**Protocol Revenue:** $BADGER holders are privy to cash flows emanating from protocol fees, creating a tangible incentive to remain engaged and invested in the platform's growth.

It's noteworthy that $BADGER's launch did not involve an Initial Coin Offering (ICO), nor was liquidity provisioned by the Badger DAO team. The token's value is determined by market dynamics, reflecting its demand, utility, and perceived worth by the community.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	BADGER-USD BADGER-USD	coinbase	AA	0.3876USD	7.19%	49,400.99BADGER	111	0.3615USD	0.3930USD
2	BADGER-USDT BADGER_USDT	gateio	A	0.3794USDT	3.97%	10,547.02BADGER	132	0.3649USDT	0.4002USDT
3	BADGER-USD BADGERUSD	kraken	AA	0.3837USD	2.70%	1,159.92BADGER	15	0.3736USD	0.3882USD
4	BADGER-EUR BADGEREUR	kraken	AA	0.3258EUR	7.60%	997.58BADGER	6	0.3028EUR	0.3348EUR
5	BADGER-USDT badgerusdt	huobipro	C	0.3809USDT	21.04%	6,162.42BADGER	41	0.3147USDT	0.5000USDT
6	BADGER-USDC BADGER-USDC	coinjar	B	0.5440USDC	0.00%	0BADGER	0	0.5440USDC	0.5440USDC
7	BADGER-EUR BADGEREUR	bit2me	B	0.3240EUR	7.00%	997.58BADGER	6	0.3028EUR	0.3348EUR
8	BADGER-USDT BADGER_USDT	poloniex	C	0.2849USDT	0.00%	0BADGER	0	0.2849USDT	0.2849USDT
9	BADGER-ETH BADGER_ETH	bilaxy	-	0.0₃2097ETH	0.00%	0BADGER	0	0.0₃2097ETH	0.0₃2097ETH
10	BADGER-USD BADGER-USD	coinjar	B	0.3912USD	0.00%	0BADGER	0	0.3912USD	0.3912USD
11	BADGER-GBP BADGER-GBP	coinjar	B	0.3164GBP	0.00%	0BADGER	0	0.3164GBP	0.3164GBP
12	BADGER-AUD BADGER-AUD	coinjar	B	0.5493AUD	0.00%	0BADGER	0	0.5493AUD	0.5493AUD
13	BADGER-USDT BADGERUSDT	hitbtc	E	0.2000USDT	0.00%	0BADGER	0	0.2000USDT	0.2000USDT
14	BADGER-BRL BADGER-BRL	mercadobtc	C	2.00BRL	0.00%	0BADGER	0	2.00BRL	2.00BRL
15	BADGER-USDT BADGERUSDT	latoken	D	0.1000USDT	0.00%	0BADGER	0	0.1000USDT	0.1000USDT
16	BADGER-BTC BADGERBTC	hitbtc	E	0.0₅8290BTC	0.00%	0BADGER	0	0.0₅8290BTC	0.0₅8290BTC