BadgerDAO is a user-run, decentralized autonomous organization (DAO) building the infrastructure to bring Bitcoin to decentralized finance (DeFi). It operates on Ethereum, Polygon and BSC, accepting BTC and issuing ibBTC, which can also be used in different DeFi protocols on SushiSwap, Swapr and other DEXs.
BadgerDAO has two prominent products - Sett Vaults and DIGG. Sett Vaults offers automated strategies for users to earn yield on Bitcoin and more. DIGG, on the other hand, is a decentralized elastic-supply cryptocurrency pegged to price of Bitcoin.
BADGER is the native governance token of BadgerDAO. The token gives users the right to participate in the governance of BadgerDAO. At the same time, it can be used to earn staking rewards or as collateral on various platforms across DeFi. When you stake BADGER in BadgerDAO's Sett Vault, you receive bBADGER in return. Holding BADGER or bBADGER increases your APYs in Sett Vaults as part of the Badger Boost program.