What Is Badger DAO (BADGER)?

What Is Badger DAO (BADGER)? Complete Guide Review About Badger DAO.

What Is Badger DAO (BADGER)?

Badger DAO is a decentralized autonomous organization (DAO) focused on building the products and infrastructure necessary to accelerate the growth of Bitcoin in Decentralized Finance (DeFi) across multiple blockchains. You will then head over to the Badger App, select the CVX / Vote Locked CVX vault on the Sett Vault page and proceed to deposit your LP token.

Specifically, it is an ecosystem where projects and people from across all DeFi can come together to collaborate and build different products. Shared ownership in the DAO incentivizes builders to have aligned objectives. Whilst decentralized governance ensures that those incentives remain fair to all parties and that the projects pursued are determined by the community.

Badger DAO Storage Key Points

Coin BasicInformation
Coin NameBadger DAO
Short NameBADGER
Circulating Supply12,539,395.86 BADGER
Total Supply21,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Badger Infrastructure

The Badger infrastructure is conformed by all the contracts around the general functioning and operations of the Badger DAO. This includes the tokens, emissions, governance, permissioned actors and proxies administration. The Sett System is conformed by all the contracts behind the Sett products. Each one of the Setts is made up of three components Vault, Strategy and Controller.

Badger Infrastructure

The Badger DAO infrastructure is conformed by all the contracts around the general functioning and operations of the DAO. This includes the tokens, emissions, governance, permission ed actors and proxies administration. The Sett System is conformed by all the contracts behind the Sett products. Each one of the Setts is made up of three components Vault, Strategy and Controller.

Convex Badger/wBTC

Once you have acquired the necessary assets, you will head over to Curve to deposit your asset of choice into the Badger/wBTC pool. You must select deposit NOT deposit & stake in gauge in order to receive the necessary LP token needed in the Badger App.

After depositing into the Curve pool, you will receive an LP token that represents the value of your deposit in that pool. This token is called bBadger WBTC-f and will not appear in your wallet unless the token has been added but that does not mean it isn’t there. It will appear visible in the Badger DAO App during the next step.

How to deposit

You must first hold bveCVX or CVX in your wallet before beginning the process. CVX can be swapped for on any reputable decentralized exchange like Sushiswap or Uniswap. bveCVX is the Badger Locked Convex token and is acquired when users deposit into the Badger Locked Convex Sett. Once you have acquired the necessary assets, you will head over to Curve to deposit your asset of choice into their bveCVX/CVX Pool.

Badger DAO After depositing into the Curve pool, you will receive an LP token that represents the value of your deposit in that pool. This token will not appear in your wallet unless the token has been added but that does not mean it isn’t there. It will appear visible in the Badger App during the next step.

Wrapped BTC/ibBTC

You must first hold an equal amount of wBTC and ibBTC in your wallet before beginning the process. Both assets can swapped for on any reputable decentralized exchange like Sushiswap or Uniswap. Alternatively, wBTC can be converted from native Bitcoin using the Badger Bridge and ibBTC can be minted in the Badger App leveraging existing wBTC vault positions.

Once you have acquired equal amounts of the necessary assets, you will head over to Sushiswap to add liquidity to their wBTC/ibBTC pool. This can be done by adjusting the slider to select Liquidity tab selecting wBTC and ibBTC as the assets you which to deposit into the pool.