An airdrop of tokens anchored to Bitcoin, you must not get it again|
Badger DAO’s new token, DIGG, was released on January 21. Users who have used Badger before can get the corresponding DIGG token airdrop. Since DIGG is designed to anchor the price of Bitcoin, this is also a valuable event. airdrop. And because this process has been delayed many times, this airdrop has always been the focus of everyone's attention.
According to the news released by Badger DAO, more than 7898 independent addresses have received DIGG airdrops, of which 3807 addresses will receive more than 0.01 DIGG, including 501 NFT holders, and the total airdrop is 600 DIGG, accounting for 15% of the total supply.
DIGG is a cryptocurrency with Rebase elastic supply mechanism, and its anchor is the price of Bitcoin. When the price of DIGG is higher than the price of Bitcoin, the supply of DIGG will increase, and when the price of DIGG is lower than the price of Bitcoin, the supply of DIGG will decrease. The bitcoin price here is the price of the BTC/USD transaction pair, that is, the bitcoin price on Coinbase. Rebase is triggered every 24 hours.
Badger DAO has launched 3 new Smart Pools (DIGG/WBTC Uniswap LP, DIGG/WBTC SushiSwap LP, and DIGG Smart Pool). DIGG holders can deposit DIGG in Smart Pools for mining, and 40% of DIGG will be Produced through mining.
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Currently, in uniswap and sushiswap, due to insufficient liquidity, DIGG has a certain premium
The special feature of DIGG is that while it anchors Bitcoin, it does not have the corresponding Bitcoin as collateral, which looks like a disguised additional issuance of Bitcoin. Seems a bit of a departure from what they want to do to bring Bitcoin into DeFi.
In the current situation of DIGG, a high-priced erc20 token is only created for users who have participated in Badger DAO, and it is not certain whether these people hold Bitcoin, and those who actually own Bitcoin cannot obtain DIGG or To enter DeFi through DIGG, they still need to purchase DIGG to enter DeFi.
To simplify the logic, Badger DAO created an erc20 token with a rebase mechanism and anchored the price of Bitcoin, and distributed it to its users. DIGG has done little to bring Bitcoin to DeFi.
Previously, some smart pool products of Badger DAO introduced the LPtoken in the tokenized BTC pool in Curve as collateral, and built a smart pool on the basis of other products, giving Bitcoin that has entered DeFi to obtain another income The choice of Bitcoin has a certain stimulating effect on the direct entry of Bitcoin into DeFi.
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BIP in the badger DAO forum
However, as a community project initiated by the DAO organization, Badger has been favored by people for its strong community participation atmosphere, open mind of the team, and steady delivery pace since its smart airdrop cold start. Today, it exceeds 700 million The TVL in US dollars and the top ten ranking of DeFi projects are proof.
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Comparison of revenues of Bitcoin DeFi mainstream projects
DIGG airdrop collection tutorial
You need to be a Badger user to claim the DIGG airdrop. Users can click airdrop on the Badger homepage to check whether they have an airdrop to claim. At present, someone in the Badger DAO has initiated a proposal to take back the unclaimed airdrop DIGG. Although it is only a proposal, the previous Badger airdrops had the practice of decreasing if they were not received in time, so it is necessary to claim the airdrop as soon as possible.
Airdrop collection address:https://app.badger.finance/airdrops, after logging in, link the wallet to check if you have any airdrops you can claim.
At present, DIGG can be deposited into uniswap, sushiswap’s DIGG/WBTC and Badger’s own DIGG single currency pool for mining. The current annualized mining yields are 1798%, 4450% and 342% respectively.
