We want to open opportunities up to our users that we believe have longer term potential. That's what we see in $SUSHI & why our strategies stake for xSUSHI to share in fees.
We're really enjoyed collaborating with them & looking forward to doing more together.
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Below is the strategy for our badger/wbtc vault. There are ZERO withdrawal fees and 20% performance fee on $SUSHI earned.
Sushiswap has fixed the wbtc routing issue for us that we're experiencing with Uniswap which sends orders to the low liquidity ETH pool w/ lots of arb's
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Below is the strategy for our wbtc/eth vault. There are 0.5% withdrawal fees and 20% performance fee on $SUSHI earned.
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These mark the first Badger strategist @andy8052 created vaults. Excited to have more strategists get involved!
Also the launch of our developer mining program which act as additional incentives to the existing performance fee share.
Similar to our current vaults, multipliers are in effect. The longer you stake, the higher reward multiplier you receive. Up to 3x over 8 weeks with linear growth daily.
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This a big step for Badger as we introduce strategies for one of the largest tokenized BTC pools in the space.
We will continue to focus on developing new vaults and introducing complimentary products for our users all focused on #Bitcoin
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Our community is growing fast with over 5,500 people and we encourage you to get involved to shape the direction of the DAO.
With BIP 14 about to pass, these are the $DIGG airdrop details.
14.5% of the DIGG supply will be airdropped to Badgers that have used our app since launch.
Snapshot will be taken right before it goes live to give an opportunity for new users to get involved now.
Thread 👇
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Our intention is to reward loyal & supportive community members that have used our app in a way that enables sustainable growth
Distribution is based on 3 main factors
➡️ Total Badger Rewards Earned
➡️ Badger Earned / Badger staked ratio
➡️ Badger tokens Staked Over time
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Earned Rewards
Total BADGER an address has earned. Rewards are based on weekly emissions and accrued multiplier. Both claimed and unclaimed rewards are accounted for.
This parameter indicates how much an address has supported Badger by using Sett vault products.
We've adjusted the airdrop so every single address, 32k uniques, gets at least 20 $BADGER.
Inspired by @UniswapProtocol dropping 400 UNI on everyone, we want each address to get a meaningful amount and have them involved in the community.
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At first after collecting data based on proportionate use across almost 20 protocols, we found a concentration of large wallets. With over 20k wallets getting under 3 $BADGER and 24 wallets getting over 10k $BADGER. That doesn't work.
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Was this surprising? A little. You'd think since we are touching all the major DeFi protocols that there would be a better distribution of usage than 24 vs 20k. Such a huge gap but it shows how much of an impact these big wallets have.