Badger

< p style = "line-height: 2.5;" > Basic introduction

< p style = "line-height: 2.5;" > < strong > Badger DAO is a < strong > Decentralized Autonomous Organization (DAO), founded in September 2020 by Chris Spadafora and others, to accelerate the adoption of Bitcoin (BTC) on Ethereum and other blockchains by building infrastructure and products. Its core products include Sett (a DeFi revenue aggregator focused on tokenizing BTC) and DIGG (synthetic Bitcoin on Ethereum). BADGER tokens are used for governance, and holders can participate in product development and protocol decisions by voting. Badger DAO emphasizes community-driven, where developers (known as "Badger Builders") can come up with new product ideas, which are funded and implemented by the DAO after community voting. 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. The community mitigated the loss by suspending the contract and revoking the rights. 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, BADGER tokens are traded on Binance, OKX and other exchanges, with a market capitalization of about < strong > 24.38 million USD, ranking < strong > 1035th in the crypto market.