Badger DAO is a Decentralized Autonomous Organization (DAO) focusing on bringing Bitcoin to Decentralized Finance (DeFi).
Badger DAO's debut products include:
BADGER is the ERC-20 governance token of the DAO and has the following use cases:
Governance: BADGER holders can govern all marketing decisions, protocol parameters, the token supply and any future smart contract changes.
Staking: Users that deposit assets into the platform will be rewarded with BADGER. The longer users stake in the vaults, the higher the multiplier of BADGER rewards they will receive.
Liquidity Mining: Users that deposit tokens (e.g. BADGER, BADGER/WBTC LP, and etc.) in the Badger Sett product will earn BADGER tokens as liquidity mining rewards.
Developer Mining: Developers that structure products and Sett Vault strategies will earn BADGER.
More details of the BADGER token allocation can be found here.
As of March 2nd 2021, the total supply of BADGER is 21,000,000 and the current circulating supply is ~11.04%.