Badger DAO Weekly Newsletter #12

Cetedel Program, C.R.E.A.M. Collateral Factor Increased, Gitcoin Airdrop

Mar 1CommentShare

Hey there, Badgers.

February is coming to an end. Despite the bloody week for the cryptocurrency market, Badger DAO keeps growing with token holders increasing over 50% in the last 14 days.

While being busy with Setting up the much anticipated $CLAWS and BTC bridge this week, we also hosted our 3rd session of Badgers Never Hide, the brand-new weekly Clubhouse event series. On top of that, Badger's collateral factor on C.R.E.A.M. increased from 0% to 60%, we have the Cetedel program coming, and much more.

The Badgers are still on a mission: bringing $500B of Bitcoin to DeFi! Badger will be where BTC liquidity providers go to unlock value and continue their journey in DeFi! This is the beginning of many synthetic-based products.

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

Weekly Recap

The long-awaited Airdrop for Gitcoin Grants Round 8 Donors is live

Thanks for the support, Badgers! Gitcoin Grants is an experiment where people can fund their open source projects for public benefit and is supported by the Ethereum Foundation. All donors regardless of donation size received an equal amount of bBadger and can claim their token here. bBadger is Badger locked in the Badger Sett, currently offering 23% APY.

Founder Spadaboom (Chris Spadafora) Guest on Coingecko’s Podcast

This is definitely an episode worth that’s worthy of your time! Coingecko offers cryptocurrency prices, market overview, and analysis such as crypto market cap, trading volume, and more. In this episode, Chris discussed Badger and our products (such as Sett and $DIGG), and much more. You can listen to the podcast or watch it here.

The Cetedel Program: a promised Land for Badgers

Cete (n): A group of badgers
Citadel (n): a fortress, typically on high ground, protecting or dominating a city

The Badgers have a vision: bringing $500B in Bitcoin to DeFi and aligning incentives for all Badgers, small and large. The Cetedel Program represents BadgerDAO’s dedicated and directed incentive program for Badgers to bring Bitcoin to other chains. Incentive structures such as volume-based rewards and token allocations for rewards pools will be tailored to each product that’s released under the Badger Cetedel umbrella. You can find an in-depth blog post here.

Badger Improvement Proposals

What’s Ahead for Badger DAO

  • BadgerDAO Merchandise coupled with NFTs

  • $CLAWS
    A yield dollar minted exclusively through collateralizing sett-vault assets. Check our blog post for an in-depth view.

  • The first Cetedel Product

  • Badger on EVERY Chain

  • ibBTC
    Interest bearing Bitcoin

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

-Badger DAO

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