DIGG is an elastic BTC-pegged token governed by Badger DAO, utilizing smart contracts for daily rebases to maintain its price close to that of Bitcoin. More
| Fully Diluted Valuation | $322,126 |
|---|---|
| 24H Trading Volume | $256 |
| 24H Low / High | $553.57 / $ 568.64 |
| Circulating Supply | 252.42 |
| Total Supply | 573.93 |
| Max Supply | 573.93 |
| Categories | Ethereum Ecosystem 1 more |
|---|---|
| Founder | Anonymous |
| Website | badger.finance |
| Socials | |
| Chains | Ethereum Ecosystem |
| Explorer | Etherscan 2 more |
| Contracts |
0x798....601c3
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| Name | Pair | OG Score |
|---|
In the dynamic landscape of decentralized finance (DeFi), DIGG emerges as a notable entrant, presenting an innovative approach to mirroring Bitcoin's price while operating within the Badger DAO ecosystem.
Unveiling DIGG
DIGG distinguishes itself as the first decentralized, elastic-supply cryptocurrency pegged to Bitcoin's value. Governed by Badger DAO, DIGG diverges from conventional custodial BTC representations on Ethereum. Instead, it relies on smart contracts to regulate its supply dynamics, steering clear of direct Bitcoin reserves.
Elastic Supply Mechanism
Central to DIGG's functionality is its elastic supply mechanism. Through daily "rebases," DIGG's circulating supply undergoes adjustments to maintain alignment with Bitcoin's price. Positive rebases occur when DIGG surpasses 1.05 BTC, increasing supply, while negative rebases follow if the price falls below 0.95 BTC. Stability is sought when prices fluctuate within the 0.95 to 1.05 BTC range, driven by market dynamics and demand.
The Role of Badger DAO
As a component of Badger DAO's governance framework, DIGG operates within a decentralized community structure. Badger DAO oversees DIGG's protocol, ensuring its integrity and adherence to decentralized principles, safeguarding the interests of its participants.
Amplifying Returns with DIGG
DIGG offers additional benefits within the Badger ecosystem. Holding DIGG, whether in wallets or staked as bDIGG, can enhance Annual Percentage Yields (APYs) across various Vaults through the Badger Boost system. This incentive mechanism fosters engagement and participation within the Badger community.
Conclusion
In conclusion, DIGG presents a notable advancement in decentralized finance, integrating Bitcoin's stability with the versatility of elastic supply tokens. Governed by Badger DAO and underpinned by smart contract technology, DIGG exemplifies the potential of decentralized systems to reshape financial paradigms. As DeFi evolves, DIGG stands as a testament to innovation, offering insights into the future of programmable assets.
DIGG stands out for being the first decentralized, elastic-supply token pegged to Bitcoin's price, governed by Badger DAO. Its innovative rebase mechanism adjusts supply daily to maintain a close alignment with Bitcoin's value.
DIGG is governed by Badger DAO, a decentralized community, and does not have specific founders. It operates under the collective stewardship of Badger DAO participants.
DIGG is supported by the broader Badger DAO community, comprising a diverse group of DeFi enthusiasts, developers, and investors who contribute to its governance and ecosystem growth.
You can buy DIGG (DIGG) on Balancer V2, Uniswap V2 (Ethereum), Sushiswap cryptocurrency exchanges.
