Digg launched its token through a liquidity mining event. Prior to its launch the control of the protocol will be given to the Badger DAO.
To kick off the launch 15% of the supply was airdropped to Badger app users.
40% of the total Digg supply will be mined by the community with no ability for new Digg to be minted outside of the programatic rebases.
The remaining 40% was distributed to the DAO for the community to decide what to do with it.
Based on current market examples you can expect to earn a baseline APY around 80%.
This APY is made up of the following:
Chris Spadafora is the operations lead. He’s a serial entrepreneur who has founded a number of companies over the years. His latest project prior to Badger Dao was Alwayshodl.com. He is also a partner at Angelrock, a company that provides strategic consulting for long-term crypto holdings.
Ameer Rosic is also part of the operations team at Badger DAO. Another serial entrepreneur he is the founder of Blockgeeks.com. He is also an integral part of Dollarcake, a browser extension that can be used to monetize social media networks.
Albert Castellana is the co-founder and CEO at Stakehound.com and serves as the product advisor for Badger DAO.
Alberto Cevallos is the technical advisor for the project. He also advises Travala and is the founder of Metl, a company engaged in creating the infrastructure for the internet of money
We currently only track DIGG lending, non-custodial lending providers will pay you an APY on deposits.
DIGG is the first elastic supply rebase token where its price is pegged to Bitcoin’s price. It is one of the products released by Badger Protocol.
There is smart contract risks associated with the vaults for lending DIGG.
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