Badger DAO price
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About Badger DAO
Disclosures
Badger DAO risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Badger DAO. All crypto assets are risky, there are general risks in investing in Badger DAO. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
DeFi tokens
Decentralised Finance ("DeFi") tokens are crypto assets built on decentralised blockchain technology for financial applications or protocols. Risks linked to DeFi tokens include:
Enterprise Risk
Interactions between multiple DeFi protocols create a situation where a vulnerability or breakdown in one protocol can trigger a cascading effect, affecting other interconnected platforms.
Technology Risk
DeFi protocols frequently depend on external data sources or oracles, and any tampering or inaccuracies in these data streams can result in a lack of trust and reliability in the protocols.
Regulatory Risk
Governments and regulatory bodies around the world can introduce new regulations or ban certain aspects of the cryptocurrency market, affecting its legality and viability, which could affect token liquidity and/or value.
Legal Risk
Certain tokens may be used for operating a decentralised exchange platform which may contain additional risks:
- The platform may allow users to participate who have not been vetted or verified and therefore expose the possibility that users are interacting with sanctioned entities.
- The platform may be accessible in jurisdictions where some or all the exchange activity should be regulated. If a local regulator deemed the platform activity to be in breach of local regulation, they may request cessation or termination of the service which could affect token liquidity and/or value.
Market Risk
Given their novelty, the evolving technology involved and lack traditional asset structure, valuing crypto assets can be very difficult or impossible. This means valuations are determined by demand that is at risk of manipulation in various ways.
Badger DAO’s price performance
Guides
Badger DAO FAQ
Badger DAO is a decentralized platform that enables DeFi users to access Bitcoin (BTC) on Ethereum and other blockchains. Its product, Sett, allows users to utilize tokenized versions of BTC, such as wBTC and renBTC, and optimize their yield by moving them across various DeFi chains. Badger DAO also offers Digg, a synthetic and chain-native form of BTC designed for DeFi accessibility.
Badger DAO offers several benefits. It allows Bitcoin holders to access DeFi opportunities on Ethereum, Binance Smart Chain, and Polygon. Moreover, by staking BADGER tokens, users can earn additional rewards within the Badger DAO ecosystem. The protocol follows decentralized transparency standards, providing token holders access to a vote-based governance system.
Acquiring BADGER tokens is a simple process on the OKX spot trading terminal, which offers the BADGER/USDT trading pair for smooth and convenient transactions.
You can also buy BADGER with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.
You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for BADGER with zero fees and no price slippage by using OKX Convert.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into BADGER, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
Dive deeper into Badger DAO
Badger DAO (BADGER) is a decentralized autonomous organization (DAO) that operates within the realm of decentralized finance (DeFi). The platform facilitates collaboration among developers to integrate BTC-specific collateral across various blockchains. Similar to how chains like Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC) rely on Ethereum, Badger DAO focuses on utilizing tokenized Bitcoin (BTC). This allows users to access DeFi functionalities and leverage the benefits of Bitcoin within the decentralized ecosystem.
What is Badger DAO?
Badger DAO is a decentralized network of developers known as Badger Builders. They primarily integrate BTC as collateral across different blockchain networks. Developers can earn fees through these implementations based on the activity level within a specific pool where the collateral is utilized. Additionally, developers can receive BADGER tokens, the native tokens of the Badger DAO ecosystem, as rewards for their contributions. Badger DAO aims to make it more convenient for BTC holders to participate in DeFi.
The Badger DAO team
Badger DAO was established in 2020 and is spearheaded by Chris Spadafora, a passionate crypto enthusiast and a partner at Angelrock. The team behind Badger DAO emphasizes decentralization and maintains a significant level of anonymity in line with their ethos.
How does Badger DAO work?
Badger DAO operates through two main products: Sett and Digg. Sett is a DeFi aggregator that optimizes the yield on your deposited BTC, while Digg is a synthetic version of BTC designed for the Ethereum blockchain, offering a rebase function and flexible supply. The rebase mechanism automatically adjusts the token supply based on the tracked asset's price, such as BTC in the case of Digg. Badger DAO follows a community-driven approach, where product decisions and changes require vote-based approval from BADGER token holders.
Badger DAO’s native token: BADGER
Badger DAO's native token is called BADGER. It has a fixed supply cap of 21 million tokens, with 19,492,085 tokens currently in circulation. BADGER tokens can be staked on the Badger DAO platform. To stake, connect your Ethereum wallet containing BADGER tokens, specify the number of tokens you wish to stake, and confirm the transaction.
BADGER use cases
BADGER tokens have multiple use cases within the Badger DAO ecosystem. The primary use case is for network governance, allowing token holders to participate in decision-making processes and shape the direction of the protocol. Additionally, BADGER tokens are used to reward ecosystem-specific activities, incentivize engagement with the protocol, and encourage community participation. Users can also earn additional BADGER tokens by providing liquidity for specific trading pairs or through staking.
BADGER token distribution
The distribution of BADGER tokens is allocated to various segments within the Badger DAO ecosystem. These segments include airdrops to specific DeFi users, rewards for liquidity miners or providers, developer incentives, community treasury contributions, and staking rewards. The specific percentage allocation to each segment is determined through community-based proposals and governance mechanisms, allowing the community to have a say in distributing BADGER tokens.
What’s the future like for Badger DAO?
Badger DAO is committed to maintaining a secure ecosystem, as evidenced by its successful completion of the Zokyo audit, regular ecosystem reviews, and bug bounty programs. One of the critical objectives of Badger DAO is to establish BTC as a mainstream participant in DeFi, enabling the seamless movement of BTC across different blockchains. This forward-looking approach indicates a promising future for Badger DAO as it strives to bridge the gap between Bitcoin and the DeFi ecosystem.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.