They face the risk of exploitation which has kept locked over $600 billion value of under-utilized Bitcoin. So, it will take a community-owned, user-friendly, and trustless platform to overcome such challenges.<\/p>\n
That\u2019s where Badger DAO comes in. It\u2019s a decentralized automated organization that is under the control of a crypto community. This new DeFi protocol offers the right solution to BTC investors by presenting the platform for speedy transfers of Bitcoin.<\/p>\n
This article will review the Badger DAO protocol, how it works, its token, and solutions to salient expectations in DeFi.<\/p>\n
Contents<\/p>
- 1<\/span> What is Badger DAO?<\/a><\/li>
- 2<\/span> History of Badger DAO And Its Team<\/a><\/li>
- 3<\/span> How BADGER Work?<\/a><\/li>
- 4<\/span> What Makes Badger DAO Unique?<\/a><\/li>
- 5<\/span> BADGER Token Launch<\/a>
- 5.1<\/span> Founder Rewards<\/a><\/li><\/ul><\/li>
- 6<\/span> Badger DAO\u2019s First Product \u2013 Sett<\/a><\/li>
- 7<\/span> Badger DAO\u2019s Second Product \u2013 DIGG<\/a><\/li>
- 8<\/span> BADGER Tokens<\/a><\/li>
- 9<\/span> Where and How to Buy Badger DAO \u2013 BADGER<\/a><\/li>
- 10<\/span> Conclusion of Badger DAO Review<\/a><\/li><\/ul><\/div>\n
What is Badger DAO?<\/strong><\/span><\/h2>\n
Badger DAO is an open-source, decentralized platform that aims to simplify Bitcoin as collateral in decentralized finance. It does that by creating infrastructure and products that monitor the movement of Bitcoin in Ethereum and other smart contract platforms.<\/p>\n
As a DAO, it means that Badger is a decentralized autonomous organization. So, the community is at the head of the governance structure and controls the protocol.<\/p>\n
Badge DAO has the fundamental design of collaborating and developing joint products with other DeFi projects. In addition, the DAO governance structure of Badger DAO permits other developers to include their rewards within the decentralized governance. So, this promotes partnership in the decentralized ecosystem rather than competition.<\/p>\n
Furthermore, Badger DAO kick-started with the basic aim of establishing a community governed project. The community will solely propose and decide on the potential new products that need to be created from its functionality. Moreover, they will state how and when such products are required. Also, it lies within the DAO community to ensure fair token distribution to participants on the platform. This will help in creating a transparent platform where there\u2019s fairness for users.<\/p>\n
To ensure the successful move of the protocol, the DAO has to lure sufficient liquidity, content coders, and creators into the community.<\/p>\n
History of Badger DAO And Its Team<\/strong><\/span><\/h2>\n
As a DAO project, Badger DAO places no significant preferences on its founders. However, Badger DAO has the following four founders:<\/p>\n
- \n
- Chris Spadafora \u2013 He is the operation lead of Badger DAO. As a serial entrepreneur, he has founded several companies. He was part of Alwayshodl.com. Also, he partnered with Angelrock, a strategic consulting firm for crypto holding on a long-term basis.<\/li>\n
- Albert Castellana \u2013 He is Badger DAO\u2019s product advisor. Also, he is the CEO and co-founder of Stakehound.com.<\/li>\n
- Ameer Rosic \u2013 He is in the operation team at Badger DAO. Also, he\u2019s the founder of Blockgeeks.com and a serial entrepreneur.<\/li>\n
- Alberto Cevallos \u2013 He is the technical advisor at Badger DAO. Also, he\u2019s the founder of Metl, an infrastructural developer for the internet of money, and Travala\u2019s advisor.<\/li>\n<\/ul>\n
Badger DAO\u2019s founding team worked in collaboration with dORG to develop this community governance project. dORG is a development organization that specializes in creating Web3 Tooling, DeFi products, and custom DAOs. They have collaborated with other projects such as The Graph, Balancer, DAOstack, and DeversiFi.<\/p>\n
As a DAO, the project community has the governance power on the platform. They are in charge of marketing efforts, product operations, and code submission.<\/p>\n
How BADGER Work?<\/strong><\/span><\/h2>\n
As preference swifts from centralized control to community governance, more DAO projects are emerging to fill in the gaps. Thus, most protocols now use governance tokens in the functionality of the projects.<\/p>\n
The ideal design of a DAO community is completely different from its real-world application that is less attractive. Several reasons are contributory factors, among which are the gas fees that go with on-chain voting.<\/p>\n
Also, there are situations where users rarely participate in the community. This could be from the lack of responsibility or ownership to the DAO. The ideal concept of DAO inculcates active community participation and voting. However, it will be worthless if users relegate them or dismiss and disapprove of relevant proposed changes. Where the votes are not regarded, people will pay less attention to any possible chances of change.<\/p>\n
What Makes Badger DAO Unique?<\/strong><\/span><\/h2>\n
For the development of any product on Badger DAO, the governance community has the authority. There will first be a proposal, voting,\u00a0 and approval by the token holders.<\/p>\n
Badger DAO has two major projects \u2013 Sett and DIGG.<\/p>\n
These aspects of Badger DAO ensure that the project constantly remains a community-led DAO that is fair and transparent:<\/p>\n
- \n
- Products are community-initiated and created.<\/li>\n
- Badger Builders.<\/li>\n
- Codes are open-sourced.<\/li>\n
- Badger dedicated operations team.<\/li>\n
- Fair initial distribution of the governance BADGER tokens.<\/li>\n<\/ul>\n
Community members can raise a new product proposal to the DAO, after which the proposal is pitched on a video to the greater community. When the proposal passes the initial stage, it then requires approval through official voting. If approved, the Badger DAO operations team steps into the collaboration to build, fund, and market the product. The major idea remains that no single community member proposes and approves a product. The entire process must involve several community participants for the development of products in Badger DAO.<\/p>\n
There is collaboration, openness, and willingness from the Badger Builders to work with interested persons. The door is open to DeFi applications and developers who intend to join the program.<\/p>\n
Moreover, Badger DAO includes a structure that allows users to develop what is relevant for the DeFi ecosystem. The development ideas can come from individuals, developers, blockchain firms, or even dev shops. The platform runs with fairness, transparency and incentivizes those product initiators through token rewards, shared fees, and others.<\/p>\n
Furthermore, Badger DAO brings a solution that replaces the fragmented solutions from centralized entities. As a result, the DeFi protocol, through its DAO community, creates suitable products that satisfy the demands of the industry.<\/p>\n
BADGER Token Launch<\/strong><\/span><\/h2>\n
Badger runs similarly to Yearn.finance with its token launch. This puts the BADGER token to be precisely used for DAO governance without any monetary value. Also, the token started through an impartial liquidity mining launch.<\/p>\n
The starting process removes the vulnerability of the protocol to any centralized control. Thus, the project had no VC funds, early investors, or anonymous backers that could inflict a token crash by dumping all their holdings.<\/p>\n
This pushes Badger DAO to be completely decentralized as it evades any potential sketchy circumstances in its operations. As a result, the protocol distinguishes itself from other projects launched with over 90% control by founders, early investors, or advisors.<\/p>\n
- 6<\/span> Badger DAO\u2019s First Product \u2013 Sett<\/a><\/li>
- 2<\/span> History of Badger DAO And Its Team<\/a><\/li>
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