Top DeFi Gainer of the Day: Badger DAO

Top DeFi Gainer of the Day: Badger DAO
  • The Badger DAO price today is $17.24 USD.
  • Badger DAO is up 15.03% in the last 24 hours.

According to year-long predictions, the crypto market will hit its all-time high in December, but that hasn’t happened yet, and most cryptocurrencies have been under selling pressure for the previous week. On the other hand, fresh exchange listings and protocol changes have allowed numerous cryptocurrencies to register double-digit increases on December 10.

The Badger DAO is an open-source, decentralized autonomous organization that aims to expand the usefulness of Bitcoin in the decentralized financial environment by developing products and infrastructure.

Recent Mainnet Launch

Developers, known as Badge Builders, may work together to deploy Bitcoin as collateral on the platform as many blockchains as feasible. The developer mining pool pays out a portion of fees and BADGER tokens to the developers who build the software. Starting on December 3, the mainnet was launched.

BADGER/USDT: Source: TradingView

A developer, a team of developers, or even an entire organization may be considered builders. Participation conditions are not set in stone, and anybody may come up with their own. The Badger Builders, the community-created products, the Dedicated Badger Operations staff, the relatively early issuance of BADGER tokens for governance, and the fact that all of the technology is open-sourced are the cornerstones of Badger DAO.

In the wake of the December 2 attack that resulted in BADGER’s smart contracts suspension, there has been a favorable market movement for the protocol. According to CoinMarketCap, the Badger DAO price today is $17.24 USD with a 24-hour trading volume of $78,011,073 USD. Badger DAO is up 15.03% in the last 24 hours.

Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.