BADGER

Specifically, it is an ecosystem where projects and people from across all DeFi can come together to collaborate and build different products. Shared ownership in the DAO incentivizes builders to have aligned objectives. Whilst decentralized governance ensures that those incentives remain fair to all parties and that the projects pursued are determined by the community.

Bitcoin (BTC) is the soundest money ever invented, it is a permissionless decentralized peer to peer payment network with no central authority or middlemen with a fixed supply of twenty one million coins.

Unfortunately, on the Bitcoin Network there is very little you can do with your BTC. This is why an increasing amount of Bitcoin holders are wrapping their BTC on Ethereum or other chains to use finance protocols for earning interest, borrowing against their position, etc.

Despite seeing a gradual increase in the number of BTC holders wrapping their assets, we have barely scratched the surface. Majority of them (>97%) are still sitting on the sidelines!

So why are we not seeing greater adoption?

1. The infrastructure, products and protocols for enabling BTC on other blockchains are still very immature making it complex to use. Badger DAO aims to bring notable projects together with the shared vision of accelerating development and breaking down the complexity barrier thus yielding greater adoption.
2. There are only a couple large liquidity pools for trading synthetic/wrapped BTC.
3. Although several lending and borrowing protocols have enabled these wrapped/syntethic assets as collateral, only a handful of these are trusted protocols within the market, enter Badger DAO.

BADGER is the token of Badger DAO, it is an ERC-20 token and its main utility is to take part in the governance of the DAO and all of its products. It can also be used to earn staking rewards and as collateral on different platforms and chains. Like BTC, it has a maximum token supply of 21 million.

bBadger is an interest-bearing token that you get by depositing your Badger in the Badger single asset sett on Badger. This token is a representation of the Badger deposited on the sett, it is not 1:1 with Badger and as interest are accrued it increases in price against it.