Badger DAO Weekly Newsletter #15
Badger on BSC, Honeypot II with $MEME, Idlefinance Grant
Hey there, Badgers.
The Badger.com domain is now officially the new home of the DAO. On top of that, more projects are integrating Badger vault tokens. This drives additional utility for users while they earn interest on their positions and brings stickiness to Badger’s total value locked.
Right now, only 0.7% of all Bitcoin in circulation has been bridged to other blockchains. Badger will accelerate that with its forthcoming bridge! With the launch of Sett vaults on different blockchains and layer 2 solutions, Badger is a driving force in realizing a multichain reality. Soon we will see more and more BTC being put to work on all existing blockchains and enabling huge growth opportunities for the Badgers.
For now, let's digg into what's been going on with the Badger DAO during the third week of March 2021. 🦡
Diamond Hands: Honeypot Part II with $MEME is Launching on March 24th
The first honeypot with MEME in December was a huge success. Millions worth of the OG NFTs have been traded with some selling for 100+ ETH. Badgers know they can do better! This is the attempt at the most gamified NFT drop ever:
Stake bDIGG (NO CAP)
Redeem NFTs for a piece of the bDIGG pot
Last to claim earns the most from the pot (up to $350k)
Badger made some changes around the pineapple accrual mechanism and the claiming mechanism. The goal is to extend both the level and timeframe of participation. Anyone can play, those with the strongest hands win. If you want to participate, head over to our blog for the details.
Sett Vaults on Binance Smart Chain: A Step-by-Step Guide
The Badger DAO will extend support to any chain that bolsters itself as a sandbox for new products for Bitcoiners. Therefore, Badger will be launching the following Setts on Pancakeswap:
bBadger <> BTCb (BSC’s Bitcoin peg)
bDIGG <> BTCb
BNB (BSC’s native asset) <> BTCb
PancakeSwap is a Uniswap-like decentralized exchange on the Binance Smart Chain. Depending on which Sett you want to stake in determines how you use the Badger app and the bridges to get your assets to Binance Smart Chain. You can read our in-depth blog post for a detailed walkthrough.
Calling all Builders: a Grant for Composing a Yield Strategy for @Idlefinance
@Idlefinance is a decentralized yield aggregator and rebalancing protocol, which offers allocation strategies that allow users to maximize returns and optimize risk exposure across DeFi protocols. The Idle Governance is sponsoring the development of new strategies on top of Idle protocol through @gitcoin. If you build one that utilizes the Badger App, you'll be rewarded 500 $IDLE and the equivalent from BadgerDAO. Winners will be announced on the 1st - 10th of April. Check out the gitcoin bounty here.
Badger Improvement Proposals
What’s Ahead for Badger DAO
Epic Badger $JERSEY Drop
High-quality physical jersey and a dope NFT. Only 200 pieces are available for loyal Badgers. On top of that, it comes with an APY boost in the Badger app.
Badger on EVERY Chain
Badger Bridge Launch