Ano ang Badger DAO (BADGER)?
Ang Gabay para sa Baguhan sa BADGER
Badger DAO is a decentralized autonomous organization (DAO) that enables bitcoin to be used as collateral across decentralized finance (DeFi) applications.
Over the course of 2020 and the first half of 2021, the estimated 1,000 bitcoin — in the form of synthetic BTC derivatives — being used on the Ethereum network ballooned to more than 250,000 bitcoin as a direct result of DeFi’s meteoric rise in popularity. While DeFi first emerged on the Ethereum network, other blockchains such as Polkadot and Solana have gained in popularity and also serve as underlying platforms for many DeFi projects.
In response to this increasing adoption of DeFi, Badger was built to serve a growing need for the use of bitcoin in DeFi applications on these various blockchain networks.
Badger’s first product, Sett Vaults, allows users to earn yield on their synthetic BTC assets. Digg, Badger’s second product, is software that manages the DIGG token, an elastic-supply cryptocurrency pegged to the dollar price of bitcoin.
BADGER is an Ethereum-based token used for protocol governance and distribution of rewards within the Badger DAO. Although BADGER originally allowed holders to only vote on project proposals, it has since grown in utility and is now used to distribute rewards to those who manage the Sett Vaults.
Sino ang lumikha ng Badger DAO?
Ang Badger ay itinatag noong Setyembre 2020 nina Chris Spadafora, Ameer Rosic, Albert Castellana, at Alberto Cevallos. Sa pagbuo ng imprastraktura ng DAO nito, nakipagtulungan ang Badger team sa dOrg, isang kumpanyang dalubhasa sa pagbuo ng software na nauugnay sa DAO..
Kabilang sa iba pang mga nagawa, ang Spadafora ay ang lumikha ng Crypto COVID19 Charity Poker Tournament, si Rosic ay isang serial entrepreneur at cofounder ng Blockgeeks.com, at si Castellana ay isang cofounder ng StakeHound. Ang Spadafora at Rosic ay kasalukuyang bahagi ng Badger operations team habang sina Castellana at Cevallos ay kumuha ng mga tungkulin sa pagpapayo sa proyekto.
Paano gumagana ang Badger DAO?
Badger functions primarily as a DAO. Anyone who holds its governance token, BADGER, has the ability to vote on proposals set forth by members of the community. The more BADGER a user owns, the more voting power they have and proposals that garner enough votes from the community are put into effect on its platform.
Badger has integrated multiple DeFi products into its platform to help make bitcoin a usable asset across blockchains. The development team has partnered with other DeFi projects such as Yearn, Ren, and Curve to bring these products to life.
Also known as Sett Vaults, SETTs are pools of tokens where users can lock up their tokenized bitcoin and allow smart contracts to manage their holdings to generate a yield. In other words, SETTs are Badger’s version of an automated DeFi aggregator.
When users deposit tokens into a SETT, they receive bTokens in return. For instance, if users deposit BADGER in a Sett Vault, they would receive bBADGER in return. These bTokens are interest-bearing tokens that represent the user’s share of the assets in the SETT and can be used as collateral in various DeFi applications. Anyone that deposits in a SETT will receive yield paid out in the appropriate token (based on the parameters laid out in that specific SETT) along with BADGER tokens. BTokens can then be traded back for the original asset along with any earnings (minus a fee).
DIGG is a decentralized “elastic-supply” cryptocurrency, pegged to the price of bitcoin.
Digg’s software programmatically adjusts the supply of its DIGG cryptocurrency through smart contracts that expand or contract the circulating DIGG supply in response to fluctuations in the price of bitcoin.
If demand for DIGG is high, the price of each token may exceed the price of one BTC so the Digg protocol automatically increases the supply of DIGG to bring its price back down in line with the market price of BTC. If the demand is low, the Digg protocol automatically decreases the supply of DIGG to have the inverse effect. The process of programmatically adjusting supply to change an asset’s price is called ‘rebasing’ and is applied across all wallets that hold DIGG tokens.
While the supply of DIGG is constantly changing in an “elastic” fashion, a token holder’s proportion of the total supply of DIGG remains stable. In other words, if you held 1% of all DIGG tokens before a rebasing event, you would still hold the same percentage of coins after the rebasing.
DIGG can be used in DeFi protocols just like any other token, and can also be deposited into SETTs to generate a yield for its holders.
Bakit may halaga ang BADGER?
Tulad ng iba pang cryptocurrencies, ang halaga ng BADGER ay nakatali sa parehong tokenomics at utility nito sa loob ng Badger platform.
Ang BADGER ay orihinal na naisip bilang ang token ng pamamahala ng Badger DAO ecosystem at mula noon ay lumawak ito upang magbigay ng higit pang mga functionality sa loob ng Badger ecosystem. Kabilang dito ang mga karapatan sa pagboto, staking sa itinalagang Sett Vault nito at mga pabuya para sa pagbibigay ng liquidity sa BADGER-WBTC pool.
Ang kabuuang supply ng BADGER ay sumasalamin sa Bitcoin, ibig sabihin, ayon sa mga panuntunan ng software, magkakaroon lamang ng 21 milyong BADGER token. Matapos ang buong supply ng BADGER ay nasa sirkulasyon, wala nang karagdagang mga token ang maaaring i-mint.
Mga Crypto Guide ng Kraken
- What is Bitcoin? (BTC)
- What is Ethereum? (ETH)
- What is Ripple? (XRP)
- What is Bitcoin Cash? (BCH)
- What is Litecoin? (LTC)
- What is Chainlink? (LINK)
- What is EOSIO? (EOS)
- What is Stellar? (XLM)
- What is Cardano? (ADA)
- What is Monero? (XMR)
- What is Tron? (TRX)
- What is Dash? (DASH)
- What is Ethereum Classic? (ETC)
- What is Zcash? (ZEC)
- What is Basic Attention Token? (BAT)
- What is Algorand? (ALGO)
- What is Icon? (ICX)
- What is Waves? (WAVES)
- What is OmiseGo? (OMG)
- What is Gnosis? (GNO)
- What is Melon? (MLN)
- What is Nano? (NANO)
- What is Dogecoin? (DOGE)
- What is Tether? (USDT)
- What is Dai? (DAI)
- What is Siacoin? (SC)
- What is Lisk? (LSK)
- What is Tezos? (XTZ)
- What is Cosmos? (ATOM)
- What is Augur? (REP)
Bakit gagamit ng BADGER?
Badger DAO helped the world’s first cryptocurrency become a functioning part of the DeFi world. Crypto devotees and casual investors alike may find value in Badger’s goal to make the Bitcoin DeFi ecosystem as rich and full as possible.
Badger has made its solutions viable and organized a DAO structure that is conducive to a collaborative and an active community that strives for the continuous improvement of its products.
Users who want to join and participate in the Badger community may want to obtain BADGER for the purposes of system governance. Those who want to take advantage of Badger’s diverse DeFi offerings may find value in owning BADGER to stake as collateral and use in yield farming strategies.
Simulan ang pagbili ng BADGER
Ngayon ay handa ka nang gawin ang susunod na hakbang at bumili ng mga DAO token!