Let’s start with the basics. Badger DAO is an open source and decentralized project launched in December of 2020 to make Bitcoin easily usable as collateral in the DeFi smart contract space.
Being a decentralized autonomous organization (DAO), the platform is entirely in the hands of users. The developers are called Badger Builders and, like the rates, collaborate to improve their community, implementing Bitcoin as collateral for as many Blockchains as possible.
Badger Builders are rewarded with a percentage of commissions and a BADGER token.
Builders can be individual developers, teams, or even third-party companies. There is no barrier to entry that everyone can create. Badger DAO has five main pillars, the Badger Builders, the community-created products, the Badger Operations team, the initial equitable distribution of BADGER tokens used for governance, and the fact that all code is open source.
Table of Contents:
DAO Price Badger Forecast for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Fundamentals
Use case
Users run DAO badgers entirely. They vote and develop changes to the system. Governance BADGER tokens are quite distributed and allow users to participate in the decision-making process.
The platform offers two main products, Sett and DIGG.
Sett is a DeFi inspired product and fork of Yearn Finance Vaults. It is a flash loan mitigation aggregator that focuses on tokenized Bitcoin. It’s hard to read, I know, so let’s break it down. In simple terms, it just means that users deposit their money into the Sett and the protocol automatically finds the best yield farming strategies to maximize user returns, only for tokenized BTC.
And the yields are incredibly high, sometimes even above 300%, which leads to the question: how sustainable is it? Ethereum founder Vitalik Buterin tweeted in August last year: “Seriously, the huge volume of coins that must be printed non-stop to pay liquidity providers in these 50-100%/year yield agricultural schemes makes it look like the major national central banks are all run by Ron Paul.
Investors deposit their BTC tokens in Sett’s vault and earn BADGER or DIGG (more on that later) in return. The community decides which is the weekly issue Badger.
The project charges a 0.5% fee to developers and an additional 4.5% fee to cover gas and transaction costs.
Moving on to the second major product offered by Badger, Digg is a token running on the Ethereum blockchain, which tracks Bitcoin’s price. Digg is different from other BTC pegged coins in that it is not guarded, no centralized institution controls its operation. The fixed coin supply and a re-base function are adjusted according to BTC spot rates.
The use case is in simple terms to bring Bitcoin to DeFi. The project aims to solve the pain points:
- The need to optimize asset allocation on Defi
- Lower losses and higher gains on DEX liquidity mining
The pain points that DAO badge sets to solve are among the most important in the industry. So Badge is undoubtedly a necessary project. Bringing Bitcoin into DeFi is essential to achieving mainstream status. And the nearly $800 million Total Value Locked suggests it’s working.
Although it must be said, the product offering is very similar to the main competitor Yearn Finance, from which founders Chris Spadafora admit to having forked the code and taken inspiration. Don’t get me wrong, Sett Vaults aren’t a bad product; They have only a slight critical advantage. And I also don’t see how high returns are sustainable over the long term. I doubt that Badger DAO will maintain such high returns in the next 1 or 2 years.
So, in conclusion, the use case of Badger Dao scores 4 points out of 5.
Tokenomics
Badger DAO aims to make platform development transparent, open-source, and fair. The BADGER governance token is critical to achieving these goals.
BADGER has no intrinsic value. However, it has two other roles besides governance. The token is used for staking in the Sett vault and providing liquidity.
In terms of tokenomics, BADGER has these characteristics:
- The native token has a fixed supply of 21 million, just like Bitcoin
- The code of BADGER has been verified by third parties such as Zokyo to ensure their safety.
- There are no surprise launches
- BADGER DAO does crowdfunding
- Founders receive a timed award
- BADGER is a governance token, so the community uses it to govern the project.
Tokenomics is good and BADGER is succeeding in project governance. But again, there are no critical differentiators with YFI, the governance token of their main competitor Yearn Finance. Tokenomics gets 3.5 points out of 5.
Team
The DAO Badger has a solid founding team. 10% of all the extracted BADGER goes to them
The founders of the project are:
- Chris Spadafora, a crypto investor who is the head of operations.
- Ameer Rosic, an investor who has also worked on other crypto projects.
- Albert Castellana, CEO of StakeHound and product consultant Badger DAO.
- Alberto Cevallos is the technical consultant and also works for Travala.
To create DAO Badger, the team collaborated with dOrg, a group of developers who create DeFi applications, DAO, and other cryptographic-related products. And not only have they also employed the help of other established companies in the DeFi space, such as Balancer, Aragon, The Graph, DeversiFi and many others.
But don’t be fooled; Badger is a DAO. The community is responsible for marketing, voting, and developing the platform.
The team is terrible, but something can be said for their lack of experience on other DAOs. They are certainly specialized and competent, but at the moment we cannot say that they are something special. Badger DAO is a fairly new project, so we’ll have to wait and see how good the team is. As of now, they get 4 points out of 5.
Community
Like Badger is already a DAO, so community plays a key role. Decisions are made on their social media groups and chats. On Telegram, the official Badger Builder has more than 7100 members, and on Discord, about 14,000. Both groups are very active in discussing and working for a better platform.
The proposed code changes are also posted on Github and their official forum. Badger DAO is also quite active on Twitter, with their account counting almost 38k followers.
Since the launch of the project,
the community has developed, voted and implemented a long list of changes to the project. But being a relatively new project, the Badger DA community has yet to prove whether it stands the test of time. To date, they get 4 out of 5 stars.
Price Badger Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
Badger is currently sitting at around $20, far below the all-time high of $81, reached in February. With a market cap of just over $148,000,000, it is the 197th largest crypto project.
The total locked value is $600,000,000, four times larger than the market capitalization. The picture is clear that Badger DAO is a highly underrated project. Ideally, we should look at a 1:1 market capitalization TVL ratio.
And looking at “ipenomics,” the tokenization of blockchain assets will receive a lot of attention in the coming years. If you are in space today, you can count yourself in the first adapters. These types of DeFi applications will explode 3-5 years later.
So even though Badger DAO has its problems. The lack of any significant critical advantage over its competitors, such as Yearn Finance, the mainly bullish trend on the project. Badger DAO is by no means a bad DeFi project and is rising from here, like Yearn.
DAO Badger Price Prediction 2025 – 2030 – 2040
Our forecasting model sees BADGER reaching new highs in 2025:
$7.84
The price of DAO badgers in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.
Where and how to store BADGER
Badger DAO is listed on many significant exchanges. The places to buy the BADGER token are:
- Binance (buy/sell with USDT, BTC and BUSD)
- SushiSwap (buy/sell with ETH)
- UniSwap (buy/sell with WBTC and ETH)
Of course, once you buy the crypto asset you want to keep somewhere, then the best wallets that support BADGER are:
- Ledger Nano S
- Trezor One
- MetaMask
Summing it all
up
Badger has his problems, but all around, he still scores 15.5 / 20. And priced at $20, it’s a bargain that can make investors some money, at least in the short term, a project to watch closely no doubt.
Of course, this is just my opinion and not financial advice. You should always do your research and trade responsibly.
