Badger DAO Weekly Newsletter #10

Yearn x Badger, $2B Total Value Locked, bBadger live on C.R.E.A.M., Weekly Community Townhall

Hey there, Badgers.

Orange is the new blue-chip! The Badgers are very busy behind the scenes and there is A LOT to look forward to.

As the snapshot for BIP 35: Long-Term Core-Contributors is getting approved, the Badgers wanted to take this time to express gratitude to each and every one of you, not only for recognizing the Badger Core team’s contributions but also for believing in us and in BadgerDAO. Thank you and keep an eye out for getting involved!

This week, Badger DAO hit another major milestone with $2B in total value locked and the Badgers are seeing an increase of 2.5% in total new holders every day. On top of that, we did manage to secure a multibillion-dollar partnership with Yearn.Finance, one of the leading automated yield farming protocols in the DeFi space. The Badgers aim to offer the best DeFi opportunities for Bitcoiners, and Yearn will aid in this mission.

So, let's digg into what's been going on with the Badger DAO during the second week of February 2021. 🦡

Weekly Recap

Partnership with Yearn to bring the best Class BTC Vaults to the Industry!

Together with @iearnfinance, we are giving users the most innovative yield strategies while upholding the highest level of security. Therefore, Badger continues to introduce more Yearn developed, maintained, and secured vaults. Yearn strategies are the best in the world and we feel confident to create long-term sustainability in our vault product. We are looking forward to further accelerate Bitcoin in DeFi together! You can read the exact details of our partnership here.

Badgers Never Hide! A brand-new weekly Clubhouse Event Series.

The Badgers are excited to announce a brand-new weekly event series called Badgers Never Hide. This series will be hosted on the new Badger Clubhouse channel and will feature Spadaboom and DeFi Frog as the hosts. The show will be live every Friday at 1 PM EST. The goal for these events is to create an open discussion for the Badger community, providing real-time updates, discussing important topics, and answering live questions. The Badgers are looking forward to seeing you on the channel!

The Badgers are live with bBadger on C.R.E.A.M.

Last week’s newsletter covered the collaboration with C.R.E.A.M. This week, the Badgers are proud to announce that bBadger (staked $BADGER) is live on the C.R.E.A.M. platform. Users can lend it out to earn 12% interest. Right now, you can’t borrow against it but that is going to change soon. On top of that, a community member has proposed to change the collateral factor to 60%. By increasing the collateral factor of bBadger, liquidity is driven to the pool and the TVL will be increased. View the proposal and vote.

A deep Dive into the hidden Powers of bBadger

bBadger is composable with other DeFi dApps, auto-compounds rewards in $Badger without restaking, and can be collateralized to mint stablecoins. The income opportunities with bBadger are several layers deep and the collaborations are expected to easily bring $100M in additional liquidity to Badger’s partners in the DeFi space, as well as to create an immense amount of new utility — and this only the beginning. You can read more about bBadger in this blog post.

Badger DAO enforces 48 hour timelock

The Badgers begin their first steps at improving the decentralization of the Badger DAO by placing a 48 hour timelock for vault system governance and upgradability. Shoutouts to all of the contributors to the discussion and those who offered constructive criticism on DAO governance.

Badger Improvement Proposals

What's ahead for Badger DAO

  • Zaps
    1 click deposit/withdraw from ETH, USDC, and many other non-Bitcoin assets into any of our vaults.

  • Supply and use $xSUSHI / #bBADGER as collateral to borrow against on C.R.E.A.M.
    These deposit tokens represent growing values of the underlying protocols/businesses and can be further leveraged.

  • Big foundational changes
    All vault positions, “b” tokens, will be useable and composable
    Rewards in bBADGER and bDIGG
    $DIGG peg based rewards
    No more staking just deposit (50% gas cost)
    New Badger Boost Multiplier that doesn’t require staking

  • $BTCX, $CLAWS, $bBTC, $Badger bridge

  • Limited edition real gold with NFT attached for boosted APY in the App?

  • $DFD DefiDollar is working with Badger to build interest-bearing Badger BTC (bBTC) which will be backed by BTC Curve pools and Badger setts.

That’s all for now. Feel free to follow us on Twittercheck out our governance forum, and join our Discord to get in on the conversation. Until next time, Badgers. 🦡

-Badger DAO