Badger DAO has been one of the most-talked-about DeFi protocols over the past few months.<\/p>\n
The yield-farming protocol kicked off with a bang at the start of December when it distributed free BADGER tokens to thousands of DeFi users. Many sold it, though others held the airdrop.<\/p>\n
Badger DAO, which was launched as a yield farming protocol to allow users to earn a yield on their tokenized Bitcoin, appears to be broadening its horizons, though.<\/p>\n
The project launched with the premise that it would launch a secondary token called DIGG, which would be an Ampleforth<\/a>-based token that rebases to the price of one Bitcoin. As the sub-site for DIGG reads:<\/p>\n \u201cDigg\u2019s rebase of supply is distributed on a 10 day rolling period, based on the direction Bitcoin price is moving, it can be used to hedge against a known increase or decrease in BTC price.\u201d<\/p><\/blockquote>\n After weeks of anticipation, it may finally be here.<\/p>\n DIGG appears to be right around the corner.<\/p>\n On Sunday, Badger DAO<\/a> released an extensive Twitter thread outlining this new segment of the protocol.<\/p>\n The thread indicated that there will be 600 DIGG airdropped from the get-go to users of the Badger DAO application. 3,400 DIGG, which is the remaining supply, will be distributed in the future through other mechanisms like liquidity mining.<\/p>\n Liquidity mining will take place through a new yield farming mechanism called bDIGG, pools with SushiSwap<\/a>, amongst other mechanisms.<\/p>\n We're close to the $DIGG<\/a> release so it's important users know what they can do with it. <\/p>\n 600 $DIGG<\/a> will be airdropped to app users. This will be the only circulating supply. <\/p>\n Users can; <\/p>\n \u27a1\ufe0fStake for bDIGG Thread\/<\/p>\n — \u20bfadger DAO ? (@BadgerDAO) January 17, 2021<\/a><\/p><\/blockquote>\nWen DIGG?<\/h2>\n
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\u27a1\ufe0fLP & Stake
\u27a1\ufe0fHODL
\u27a1\ufe0fTrade<\/p>\n