Badger Finance is a product-owning DAO, initially focused on enhancing the Bitcoin ecosystem on Ethereum. The DAO's debut product is Digg, a BTC-pegged elastic supply currency.
The system can be logically divided into the following components
-
Badger DAO The governance of Badger Finance is managed via an Aragon DAO, with a liquid governance token. This DAO can make arbitrary smart contract calls to interact with external systems.
-
Badger Distribution The Badger governance token ($BADGER) and the Digg token ($DIGG) will be initially distributed via staking pools, known as Geysers, after the Ampleforth mechanics they are based on. The launch will be fair, with no pre-mint. A significant portion of $BADGER and $DIGG tokens will be held in timelocked contracts, able to be released back to the DAO after the staking pool distribution.
-
Digg Core Digg is a BTC-pegged elastic supply currency, based on the Ampleforth protocol.
-
Digg Oracles External market data for the Digg system is provided via Oracles.
-
Updater Service External service to ensure required data updates for the Digg system (oracle date, rebases) occur when appropriate.
