Want to find out what we've been working on? 👀

Welcome to Badger DAO's Community channel aggregated by CoinMarketCap.

Want to find out what we've been working on? 👀

Join us tomorrow for a convo around:

📌 Q3 budget
📌 Upcoming grants program
📌 Monitoring process since the @eBTCprotocol launch w/ @SteakhouseFi

Set your reminders 👇
https://x.com/i/spaces/1BRKjPZmmMoJw 

May was a 🔥 in the BadgerDAO ecosystem.

1/ We’ve provided a short guide on how to earn yield with 

2/ Thanks to your input, we now have the perfect name for our monthly space: Badger Sett. 

 daily rewards in the eBTC/wBTC Incentivized Liquidity Pool on 

4/ You asked for a guide on how to get involved in the BadgerDAO governance.

5/ In our monthly Space, we were joined by Martyn, the President of the Association and we touched on:

- How can people get involved in the Badger governance

- The State of the Association for Q1 2024

Another snapshot was passed by our community.

This time, one of our Badger OGs was approved to stay in our Restitution Program after experiencing a major hack. 

7/ We’ve opened deposits for Restitution 2.0 program.

Current remBADGER holders were able to deposit into the new locking vault bremBADGER.

8/ An exciting BadgerDAO grant program was proposed 👀 

9/ A new Badger token liquidity proposal has been issued. 

10/ We’ve opened a BTC meme contest with 25 

11/ Round 3 of Get Paid to borrow BTC started 🥳 

12/ BADGER/USDT trading pair was made available on 

13/ May was a whirlwind but we aren’t slowing down 🫡

14/ We hope you've found this thread helpful.

May was a 🔥 in the BadgerDAO ecosystem.

Here’s everything that happened 👇 
1/ We’ve provided a short guide on how to earn yield with $BADGER.

Check it here: 
2/ Thanks to your input, we now have the perfect name for our monthly space: Badger Sett. 
3/ Badgers could claim $330+ daily rewards in the eBTC/wBTC Incentivized Liquidity Pool on @Uniswap. 
4/ You asked for a guide on how to get involved in the BadgerDAO governance.

We heard you and put it together.

Find it here: 
5/ In our monthly Space, we were joined by Martyn, the President of the Association and we touched on:

- How can people get involved in the Badger governance
- The State of the Association for Q1 2024
- Latest Treasury Decisions 
6/

Another snapshot was passed by our community.

This time, one of our Badger OGs was approved to stay in our Restitution Program after experiencing a major hack. 
7/ We’ve opened deposits for Restitution 2.0 program.

Current remBADGER holders were able to deposit into the new locking vault bremBADGER.

Full details below: 
8/ An exciting BadgerDAO grant program was proposed 👀 
9/ A new Badger token liquidity proposal has been issued. 
10/ We’ve opened a BTC meme contest with 25 $BADGER as a reward.

Check out the winner here: 
11/ Round 3 of Get Paid to borrow BTC started 🥳 
12/ BADGER/USDT trading pair was made available on @DWFLabs. 
13/ May was a whirlwind but we aren’t slowing down 🫡
14/ We hope you've found this thread helpful.

Follow me @BadgerDAO for more.

Like/Repost the quote below if you can: 

What Is a DAO? CoinMarketCap’s Definitive Guide

Crypto Crash Hit Metaverse and DeFi Tokens Hardest

## What Is Badger DAO (BADGER)? 

Badger DAO is an open-source, decentralized automated organization that is dedicated to building products and infrastructure of simplifying the use of Bitcoin ([BTC](https://coinmarketcap.com/currencies/bitcoin/)) as collateral across many smart contract platforms.

The platform is a shared space where the developers, known as Badge Builders, have the ability to collaborate and implement Bitcoin as collateral to as many blockchains as possible. A developer can earn a percentage of the fees and BADGER tokens from the developer mining pool for every implementation. The mainnet was launched on December 3, 2020.

A builder can be a single developer, a group of developers, or even a company. There are no fixed obligations to participation requirements, and anyone can create. The pillars of Badger DAO include the Badger Builders, the community-created products, the Dedicated Badger Operations team, the fairly initial distribution of the BADGER tokens for governance and the fact that all of the code is open-sourced.


### Who Are the Founders of Badger DAO?

The founder of Badger DAO is Chris Spadafora. He is a long-term crypto enthusiast, investor, and partner at Angelrock.


#### What Makes Badger DAO Unique?

Badger DAO has two main products: Sett and DIGG. Badger DAO is a community-driven project; as such, before any products are developed they first need to be pitched to, voted on and approved by token holders. 

Sett is a decentralized finance ([DeFi](https://coinmarketcap.com/defi/)) aggregator that has flash loan mitigation measures focused on tokenized BTC through five strategies. Once a user makes a deposit, they can earn a yield as the protocol’s smart contract does the work.

In order to incentivize this participation, farmers that deposit tokenized BTC into the Sett vault earn BADGER and DIGG. Aside from a 0.5% fee, an additional 4.5% is deducted from the profits to cover [gas](https://coinmarketcap.com/alexandria/glossary/gas-price) and transaction costs.

DIGG is a non-custodial synthetic Bitcoin on Ethereum’s blockchain that is pegged to the price of BTC with a flexible supply and a re-base function.  Its main goal is to remove centralized third parties.


#### Related Pages:

Learn about [SunContract](https://coinmarketcap.com/currencies/suncontract/).

Learn about [Verge](https://coinmarketcap.com/currencies/verge/).

Learn about Hashmasks on [CMC Alexandria](https://coinmarketcap.com/alexandria/article/what-are-hashmasks).

Become more familiar with the crypto world with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many Badger DAO (BADGER) Coins Are There in Circulation?

Badger DAO (BADGER) has a circulating supply of 7,339,511 tokens as of March 2021 and a maximum supply of 21,000,000 BADGER.


### How Is the Badger DAO Network Secured?

Badger DAO has passed the initial audit of its smart contracts by the Zokyo audit team with no critical issues found. 

Badger DAO has established a security advisory committee that is composed of white hat hackers that regularly review the project’s ecosystem. Badger DAO also has plans to develop incentives that will reward public peer reviewers and to launch a bug bounty program.


### Where Can You Buy Badger DAO (BADGER)?

Badger DAO (BADGER) can be bought or sold on the following exchanges:



*   [Binance](https://coinmarketcap.com/exchanges/binance/)
*   [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/)
*   [OKEx](https://coinmarketcap.com/exchanges/okex/)
*   [ZT](https://coinmarketcap.com/exchanges/zt/)

If you are new to trading cryptocurrencies, feel free to read our guide on how to buy Bitcoin (BTC) [here](https://coinmarketcap.com/how-to-buy-bitcoin/).

Binance

Badger DAO

Trust Wallet

MetaMask

Atomic wallet

Ethereum

Shiba Inu

Chainlink

Uniswap

UNUS SED LEO

Euler

RAMP

Trias Token (New)

Polyhedra Network

SLG.GAMES

Nexera

Uquid Coin

Eigenpie mstETH

Orbs

RACA

Patex

PlasticHero

Bretter Brett

Lybra Finance

The Doge NFT

Stella is the leveraged strategies protocol with 0% cost to borrow. Stella’s mission is to redefine how leveraged DeFi works. DeFi needs a good leverage system in order to drive more usages on DEXes and money markets, the fundamental building blocks of DeFi. With growing usages on these fundamentals, more protocols and new innovations can arise and tap into the deep liquidity and robust foundation.

Stella strives to become the go-to destination for DeFi users to access maximum yield potential. Whatever on-chain strategies that users want to use on leverage (and safe enough to be supported), then Stella will support at 0% cost to borrow.

The protocol is made up of two parts: Stella Strategy and Stella Lend.

Stella Strategy: Users can access multiple selections of leveraged strategies with 0% borrowing interest for the first time and get yields on leverage.

Stella Lend: Lenders can lend assets to the lending pools on Stella and get real yields. Yields generated from Stella Strategy are shared to lenders.

Stella

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

To learn more about this project, check out our deep dive of Balancer(https://coinmarketcap.com/alexandria/article/what-is-balancer.

The protocol operates a few types of pools:

Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.

Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).

Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool.

Balancer

My Neighbor Alice is a farming-themed play-to-earn builder game built on Chromia. The game bills itself as a place where “players can buy and own virtual islands, collect and build exciting items while also making new friends.” Each player has their own avatar representing them in the game, which they can modify as they please. Players can buy virtual real estate from Alice, the game’s eponymous central figure, or the internal marketplace. All purchased land is represented as an NFT.

My Neighbor Alice aims to introduce blockchain to millions of players and targets a diverse gaming community within the traditional gaming market. Although the game is blockchain-based and integrates DeFi features, it does not require prior knowledge of cryptocurrency and blockchain. My Neighbor Alice takes inspiration from several popular sources. For instance, daily in-game tasks and social aspects are inspired by Animal Crossing, whereas Minecraft serves as a role model for building mechanics. The artwork was inspired by the Swedish children’s book Pettson and Findus.

MyNeighborAlice

BarnBridge, founded in 2019, is a protocol for tokenizing risks. It was launched in September 2020. BarnBridge is a sort of decentralized finance (DeFi) lego for creating tradeable tokens that expose a consumer to market volatility. As of March 2021, the platform is still in an early stage of launch.

To learn more about this project, check out our deep dive of Quant.

BarnBridge is a project that expands the functionality of DeFi to make it more flexible and efficient. By tokenizing market fluctuations and exposure to risks, it can reduce volatility for conservative investors or increase it for daytraders. BarnBridge enables traditional risk management tools and fixed income instruments on the DeFi market. The main focus is dividing cryptocurrency risks into tranches so market participants, depending on their risk profile, can invest in different products or assets.

BarnBridge

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

To learn more about this project, check out our deep dive of Ren.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

Bancor is an ecosystem of decentralized, open-source protocols that promote on-chain trading and liquidity.

Its main protocol, Carbon, is a decentralized trading protocol allowing users to perform automated trading strategies using custom on-chain limit orders and range orders, with the option of combining orders together to create automated buy low, sell high strategies.

By design, Carbon orders are irreversible on execution, easily adjustable directly on-chain, and resistant to MEV sandwich attacks. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies on-chain.

Fast Lane, a separate open-source arbitrage protocol, allows any user to perform arbitrage between Bancor ecosystem protocols and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem.

All Bancor ecosystem protocols are governed by the BancorDAO via staked BNT.

Bancor

UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal of making global markets universally fair, accessible, secure and decentralized.

The team drew inspiration from traditional finance derivatives to define an open-source protocol to allow anyone, anywhere, to design and build trustless financial contracts.

Venus is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC).

The protocol introduces a simple-to-use crypto asset lending and borrowing solution to the decentralized finance (DeFi) ecosystem, enabling users to directly borrow against collateral at high speed while losing less to transaction fees. In addition, Venus allows users to mint VAI stablecoins on-demand within seconds by posting at least 200% collateral to the Venus smart contract.

VAI tokens are synthetic BEP-20 token assets that are pegged to the value of one U.S. dollar (USD), whereas XVS tokens are also BEP-20-based, but are instead used for governance of the Venus protocol, and can be used to vote on adjustments—including adding new collateral types, changing parameters and organizing product improvements.

The governance of the protocol is entirely controlled by XVS community members, since the Venus founders, team members and other advisors do have any XVS token allocations.

Venus

Ampleforth Governance Token

Perpetual Protocol is a decentralized exchange (DEX) for futures on Ethereum and xDai. Traders can go long or short with up to 10X leverage on a growing number of assets like BTC, ETH, DOT, SNX, YFI and others. Trading is non-custodial, meaning traders always retain possession of their assets, and on-chain. Perpetual Protocol utilizes a virtual automated market maker (vAMM), which provides on-chain liquidity with predictable pricing set by constant product curves. Furthermore, Perpetual Protocol designed its vAMMs to be market-neutral and fully collateralized.

The declared vision of Perpetual Protocol is to create the world’s best, most accessible, and most secure decentralized derivatives trading platform. By building on our DeFi projects and allowing projects to build on Perpetual Protocol, the company embraces the “DeFi money lego” ethos. After hitting a number of milestones in its roadmap, such as launching staking pools and implementing limit and stop-orders, Perpetual Protocol plans to expand to other chains, introduce leveraged tokens, and launch dynamic liquidity in its pools.

Perpetual Protocol

Harvest Finance

Metal DAO

Unifi Protocol DAO

Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem.

To learn more about this project, check out our deep dive of Dego Finance.

Any user is allowed to launch an NFT and initiate mining, auctions and trading, covering the entire lifecycle of the product. Dego’s NFT protocol is a cross-chain, second-layer infrastructure for Blockchain projects that can be leveraged for user acquisition and token distribution.

Dego uses a modular combination design concept that combines various elements of a product to form subsystems with specific functions.

Dego Finance

Bella Protocol is a platform that provides a suite of DeFi products designed to make crypto banking simpler and more accessible. The protocol aims to create a better user experience by eliminating the high fee and slow transaction issues that can affect some blockchain platforms — while simultaneously improving the user experience through its simplified DeFi smart portal.

Bella's smart pool feature allows users to access the best yields available in the DeFi market, while benefiting from nearly zero gas fees — since these are directly subsidized by the platform.

The project launched in September 2020 as the first project distributed via Binance’s Launchpool platform, and has secured investments from several prominent firms, including Arrington XRP Capital and Ledger Capital.

The protocol was built by the ARPA team, a blockchain-based layer 2 solution for privacy-preserving computation. The BEL token is an essential component of the Bella Protocol ecosystem and serves as both a reward token that allows holders to participate in the governance of the platform.

BEL can be used to farm fee rewards from the network, get exclusive discounts on Bella protocol products (such as its robo-advisor tool), and for earning staking rewards.

Bella Protocol

Radworks

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

Band Protocol

C.R.E.A.M Finance is a decentralized  DeFi lending protocol for individuals, institutions and protocols to access financial services. Part of the yearn.finance ecosystem, C.R.E.A.M. Finance is a permissionless, open source and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain Polygon and Fantom.

Users who are passively holding Ether or wBTC can deposit their assets on C.R.E.A.M. to earn yield, similar to a traditional savings account. For more information visit https://app.cream.finance/.

The C.R.E.A.M. Finance protocol was created as a Compound Finance fork.

C.R.E.A.M Finance is open-source, permissionless, blockchain-agnostic and offers yield farming rewards to its users in order to inclusively develop its network.

The project (which stands for Crypto Runs Everything Around Me) was launched unexpectedly on the Ethereum network on Aug. 3, 2020 through the YOLO liquidity pool. In September 2020 it went live on the Binance Smart Chain (BSC).

The CREAM token allows users to lend, borrow, stake assets and help govern the network, allowing them to vote on assets to support or delist.

Cream Finance

Numerai is an Ethereum-based platform allowing developers and data scientists to experiment and create machine learning models with improved reliability. The platform’s main goal is to bring decentralization to the data science field and allow developers to compete in creating effective machine learning prediction models.

Founded in late 2015 in San Francisco, Numerai claims to be the first hedge fund to launch a cryptocurrency on the market. Unlike traditional hedge funds, however, Numerai relies on the data and predictions produced by tournament participants to participate in the stock market. They claim to be the first hedge fund to use machine learning so heavily in its investment strategy.

Numeraire

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.