Badger DAO Weekly Newsletter #8

Over $1B Total Value Locked, Holders Double, Sushi Collab, 2nd Sett AMA, Cover Capacity Increased...

Hey there, Badgers.

This week, the whole world was watching the markets. We saw $GME and $DOGE short squeezes and Elon Musk tweeting about Bitcoin. In comparison, the DeFi sector is still in its infancy, with tons of potential. Badger makes sure to be prepared for an influx of new people getting into Bitcoin and thus Bitcoin-DeFi. This week, we experienced rapid growth in our active wallets, we were on podcasts with Charlie Shrem and Yield_TV, we cracked $1B in Total Value Locked, and had several days of $DIGG rebases. It feels like the stars are aligning for Badger and DeFi.

Now, let's digg into what's been going on with the Badger DAO during the fourth week of January 2021. 🦡

Weekly Recap

Badger Dao Guest Spot on Yield_TV with DeFi_Dad

We were live on Yield_TV. DeFi_Dad gave us the possibility to talk about $DIGG and Badger, Bitcoin, liquidity in DeFi, and much more. You can watch the full episode here. Thank you very much for giving us a platform!

Kudos to the SushiSwap Team for their Excellent Collaboration!

Working with the SushiSwap team has been the best experience of any partner the Badgers have ever had. They are focused on empowering users and their experience. The best example is the Onsen program. We are proud to announce that $BADGER and $DIGG are the two most liquid pools on Onsen.

Over $1B in Total Value Locked and Still Climbing!

It was all building up to this. We cracked $1B and didn’t stop there. The Badger APp’s TVL continues to grow rapidly. Part of the reason is that all our deposits are in Bitcoin. Keep an eye on DefiPulse- the badgers are moving up the ranks!

Active Wallets are Growing Rapidly

During the past 30 days, unique active wallets of Badger have grown from ~500 active wallets per day to more than 1500! That is +300% growth month-over-month. On top of that, we doubled the number of Badger holders in the last 14 days. The Badgers are growing… fast!

Badger Dao’s Chris Spadafora Interviewed by the Legendary Charlie Shrem

Charlie Shrem is one of the most famous Bitcoin advocates and founding member of the Bitcoin Foundation. On his podcast, they talked about the growth of the crypto market, Badger DAO, the looming danger of a Bitcoin liquidity crisis, and much more! Thanks for having Chris on, Charlie!

Badger’s Capacity on Nexus Mutual Doubled

All available @NexusMutual cover were maxed out over the last couple of weeks. To make sure you can stay protected, they now increased the capacity! Since the DeFi space is very young and not devoid of smart contract risk, the Badgers encourage everyone to get as much protection as possible. It is now the 4th most purchased cover on Nexus behind only Uniswap, Curve, and Compound. You can find cover here.

2nd Sett Session: AMA with Chris Spadafora and Jon Tompkins

The community loved our first Sett session. Now it’s time for round 2. Chris Spadafora answered the community’s questions and talked about the current state of Badger, what’s next for Badger, security, new products, decentralization, and much more. You can watch the full episode here.

Badger Improvement Proposals

What's ahead for Badger DAO

  • Next for Digg
    Stability strategies
    Peg based rewards
    $bDIGG integrations

  • New Harvesting Function

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

-Badger DAO