Badger Prepares to Launch $DIGG

Badger Prepares to Launch $DIGG

By Abhimanyu Krishnan | News | 11 Jan 2021


The Badger DAO team is expected to launch synthetic rebasing token DIGG in the upcoming days, as confirmed by the team over Twitter on Jan. 7.

  • DIGG is a synthetic rebasing asset that is based off of Ampleforth (AMPL), but DIGG is pegged to Bitcoin (BTC), not the USD
  • Badger DAO’s TVL has soared since the start of 2020, adding $200 million since Jan. 1 to reach $607 million at the time of publishing
  • Users can deposit collateral to receive “bDIGG”, which can then be staked to earn both the BADGER governance token and the DIGG token
  • The rebasing is limited to the bDIGG vault, with a new multiplier method to “reward those deposited in vaults vs farm & dumpers”
  • Other features and improvements include lower gas costs and automated stability strategies
  • 14.5% of the DIGG supply will be airdropped to Badgers that have used the app since launch

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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