Badger DAO Weekly Newsletter #13
Binance Innovation Zone, Badger's VC Partners, Badger Annexe Incubator
Hey there, Badgers.
It has been a great week for Badger, as well as crypto in general. NFTs are getting mainstream media attention and the implementation of Ethereum’s EIP 1559 is scheduled for July. This means that ETH transactions are becoming significantly cheaper since there are no more fees for miners and the gas is burned instead. It also means ETH would become a deflationary currency!
Meanwhile, the Badgers are growing unbelievably fast with many new contributors, now totally 58! It becomes clear that Badger is on its way to becoming the trusted place to put Bitcoin to work on ALL chains.
For now, let's digg into what's been going on with the Badger DAO during the first week of March 2021. 🦡
The Badger Bridge: an Integration with RenVM
Ren is an open protocol that enables the permissionless transfer of value between any blockchain. The BTC Bridge gives DeFi users direct access to bringing their native BTC onto the Badger v2 App. This means the barrier to entry for new DeFi users is lowered significantly and earning yield on your $BTC has never been easier! You can find the new product as the “BTC Bridge” tab in the UI. You can read an in-depth blog post here.
Binance is listing Badger in the Innovation Zone
It is now possible to trade BADGER/BTC, BADGER/BUSD, and BADGER/USDT trading pairs on Binance! The Binance Innovation Zone is a dedicated trading zone that allows users to trade new, innovative tokens that are likely to have higher volatility than other tokens - please be sure to exercise sufficient risk management.
$21M Treasury Diversification via Badger’s VC Partners
After approval of BIP 37 (Treasury Diversification through Strategic Partnerships), we are happy to have found strategic partners that are very familiar with BadgerDAO and aligned with the community: Polychain Capital, Parafi Capital, Blockchain Capital, and @0x_b1 have purchased $21 million in assets from Badger's treasury! This way Badger can grow regardless of market conditions. There will be more diversification in the future. This was the first tranche of potentially 3 we intend to complete over the coming months as outlined in BIP 37.
Results for the Council of Badgers are in!
The Badger Community Council is a group of representatives tasked with overseeing the treasury for the Grant Program. It consists of seven members: four community members and three long-term core contributors. Council members were selected via voting by the community. Congrats to the four community members Gabrielhaines, Tritium — VLK, blackbear, and ethkey. They will work alongside our long-term core contributors Masonv, Shakeshak, and Defi Frog. Welcome!
The Badger Annexe Incubator: Badgers Build Better Together
Badger starts its own incubator: a plan to diversify, gain partnerships, and access even more builders. The activities of the Annexe will be to review, develop, integrate, and expand the products of the incubated organization. This will happen in four steps:
Gather - See what is there to build
Forage - Assemble the team & budget
Tunnel - Connect these products to the Badger App
Prosper - Scale & introduce new value vectors
Each potential project will be evaluated individually. If it is a fit, the core team will negotiate terms with the project. For now, acceptance will be very dependent on the project stage and the level of effort needed from the badger core team.
Badger Improvement Proposals
What’s Ahead for Badger DAO
Official Badger Jersey
Only loyal badger wallets qualify to purchase
Limited edition only 200
Each jersey comes with an official Badger NFT that gives you an APY boost in the app.
More information soon
Badger Backstop Fund
Badger will use a portion of the DAO capital to create an insurance fund and provide increased platform protection for our users .
One of the first Automated Stability Vaults for a rebasing asset (DIGG) with @StabilizePro.