What is Badger DAO? Badger DAO is a Yield Farming platform that helps optimize users’ profits through platform strategies. Before reading this article, you can refer to some of the articles below to get an overview of Badger DAO:
So what is so interesting and attractive to Badger DAO in DeFi? Everyone, let’s find out in this article.
What is Badger KNIFE?
Badger DAO is a Yield Farming platform with many different Vaults, each for different asset types CVX, AURA, BAL and many more. It is through the different strategies of each Vault that the assets will bring profits to the users of Badger DAO.
Besides Vault products, Badger provides users with many other products such as IBBTC, Badger Boost,…
Badger DAO’s Diverse Ecosystem
Badger DAO’s Vault products
CVX Vault
The mechanism of action when you deposit CVX into Badger DAO is similar to protocols like Concentrator or Clever, it will happen as follows:
- Step 1: Users will deposit CVX into the platform.
- Step 2: The platform will immediately send CVX to Convex and will lock it for a period of 16 weeks equivalent to about 4 months. The platform will also return bveCVX users at a 1-1 ratio.
- Step 3: Users will receive rewards from the platform such as:
- BADGER belongs to the Liquidity program from the project side.
- Convex rewards are paid to Badger DAO and then distributed back to users in the form of bveCVX.
- Curve’s rewards are paid to Convex and Convex is paid to Badger DAO and then distributed back to users in the form of bcvxCRV.
- Step 4: Users can exit the bveCVX position through trading on Curve Finance through the bveCVX – CVX LP pair or wait for 16 weeks to redeem at a 1 – 1 ratio.
It can be said that with CVX Vault, Badger DAO has officially entered the Convex Wars and beyond that is Curve Wars.
graviAURA Vault
Mechanism of action of graviAURA
The focus and difference of graviAURA Vault is its grasp of the governance mechanism of the Badger DAO platform. The graviAURA voting process takes place on Balancer as follows:
- 90% of graviAURA will be deposited into pools on Balancer and will vote directly for the pool it is deposited into.
- If projects have incentives, 90% of graviAURA will vote for the liquidity pool of the project with the most incentives.
- The remaining 10% will be allocated to Badger DAO for voting according to the DAO’s decision as follows:
- 50% of graviAURA and the remaining 10% will vote for graviAURA related pools such as graviAURA/AURA/auraBAL/ETH LP
- Another part will be voting for new LP pairs that pair with graviAURA
- The remaining part will directly support liquidity pairs related to the project’s token BADGER such as BADGER/WBTC or BADGER/WBTC/graviAURA
By participating in the battle for AURA in the market, it means that Badger DAO has participated in Aura Wars and Balancer Wars. Compared to the CVX Vault platform, users holding AURA mainly rely on incentives from the project instead of protocol revenue like Curve Finance.
Besides bveCVX and graviAURA Vault, Badger DAO has many other vaults such as auraBAL,…
Badger Boost
This is a program similar to the story of staking with regular projects, but there will also be a few differences. This program will reward holders of BADGER, bveCVX, DIGG, and NFTs as main rewards. There are 2 ways you can increase your rewards:
- Increase the amount of assets held such as BADGER, bveCVX or DIGG
- Participate in Badger DAO events to receive NFTs with different rarity levels such as Common, Scarce, Rare, Epic, Legendary,… Each NFT will have a different level of boost for the asset you are holding. hold.
ibBTC
ibBTC is an ERC 20 on the Ethereum ecosystem developed based on the partnership between Badger DAO and DeFiDollar. ibBTC can participate in activities such as Lending, Borrowing, Farming,… on regular DeFi projects on Ethereum.
Development Roadmap
Update…
Core Team
The project is in the Fair Launch format, so the members of the development team will not be publicly announced.
Investor
The project is in the Fair Launch format so there will be no participation from investors.
Tokenomics
Information about Badger DAO tokens
- Token name: Badger DAO
- Code: BADGER
- Blockchain: Ethereum
- Token classification: ERC 20
- Contract: 0x3472a5a71965499acd81997a54bba8d852c6e53d
- Total supply: 21,000,000
Token Allocation & Release
90% of the total supply will be reserved as rewards for participants who use Badger DAO products and build a Badger DAO ecosystem similar to the original Liquidity Mining programs.
The remaining 10% will be allocated to the founding team which will be opened gradually every week over 12 months.
Badger DAO’s Information Channel
- Website: https://badger.com/
- Twitter: https://twitter.com/BadgerDAO
- Discord:
Summary
Badger DAO is a long-standing DeFi project in the crypto market. The development of many different products shows Badger DAO’s great ambition in this market, but it means that there will be a lack of focus on a certain product. Will Badger DAO win in upcoming wars such as Curve Wars, Convex Wars or Balancer Wars.
Hopefully through this article, everyone can really understand what Badger DAO is?
