basic introduction
Badger DAO is a decentralized autonomous organization (DAO) that was launched in 2020Founded in September by Chris Spadafora and others, it aims to accelerate the adoption of Bitcoin (BTC) on Ethereum and other blockchains by building infrastructure and products. Its core products include Sett, a DeFi yield aggregator focused on tokenizing BTC, and DIGG (synthetic Bitcoin on Ethereum). The BADGER token is used for governance, and holders can participate in product development and protocol decisions through voting. The Badger DAO emphasizes community-driven, and developers (known as "Badger Builders") can propose new product ideas, which will be funded and implemented by the DAO after being voted on by the community. Its smart contracts are audited by Zokyo and are highly secure, but in 2021 it suffered a $120 million attack due to a front-end vulnerability, and the community mitigated the damage by suspending the contract and revoking permissions. Badger DAO's transparency and decentralized governance make it unique in the DeFi space, but its DAO structure may face regulatory uncertainty. As of April 2025, the BADGER token is traded on Binance, OKX and other exchanges, with a market capitalization of about $24.38 million, ranking 1035th in the crypto market.
