BadgerDAO is a decentralized organization that promotes the growth of Bitcoin in the DeFi space through community-driven initiatives. It aims to provide a platform where the most talented builders in the industry can collaborate and create innovative products. In return, it will drive the adoption of BTC in the DeFi ecosystem.
What Exactly is BadgerDAO?
BadgerDAO is a decentralized autonomous organization (DAO). It aims to enable the use of Bitcoin as collateral across various DeFi blockchains. The project was launched in 2020 and operates through a community-driven ecosystem that fosters shared ownership and aligned incentives. Furthermore, transparency and fairness are the core tenets of the platform. It runs on four pillars: Badger Builders, community-created products, fair distribution of Badger tokens for governance, and open-sourcing of all code.
Currently, BadgerDAO operates through consensus and smart contracts powered by the Aragon DAO. Additionally, the project is expanding its supported assets to include other tokens like ETH and CVX, as well as stablecoins. The primary token used within the ecosystem is BADGER, which is used for governance, staking, and collateralizing assets across various DeFi platforms.
How Does BadgerDao Work?
BadgerDAO operates as a decentralized autonomous organization. It allows the community to propose and approve products through a treasury and an operations team. One of the main components of BadgerDAO is its vaults, which allow users to deposit assets and earn optimized yields through leveraged opportunities in various DeFi protocols. Vault deposits are represented as b-tokens, which can be withdrawn anytime.
Another product of BadgerDAO is DIGG, an elastic supply token pegged to Bitcoin’s price. DIGG tokens don’t rebase and are usable as any other ERC-20 token across DeFi protocols. Additionally, BadgerDAO has launched Interest Bearing Bitcoin (ibBTC). It is a tokenized version of Bitcoin on Ethereum that allows users to generate interest from it. The ibBTC can be minted on the Badger App using different assets.
Furthermore, BadgerDAO operates with transparency and fairness through community governance via smart contracts powered by the Aragon DAO. The primary token for BadgerDAO is BADGER. Its main utilities are governance, staking, and collateral across DeFi platforms.
Where to buy BADGER Token
You can find BADGER Tokens here at MEXC! We are listing BADGER/USDT in our Innovation Zone!
What is the Price of BADGER Tokens?
The BADGER token is currently trading at MEXC for $2.73! It has a fully diluted market cap of $57,335,399. It also has a 24-hour trading volume of $5,509,377. You can check the live price of their token right here!
How to buy BADGER Tokens on MEXC
You can buy BADGER Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “BADGER” using the search bar to see the available trading pairs. Take BADGER/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of BADGER you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy BADGER] to confirm your order. You will find the purchased BADGER in your Spot Wallet.
You can find a detailed guide on how to buy BADGER Tokens here.
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Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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