Badger Developer Program

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www.badger.finance

Our goal with Badger DAO is to create the most developer friendly environment possible where they can build the products they want, have the appropriate incentives to do so and maintain shared ownership. All while focused on accelerating Bitcoin in DeFi.

Important to note, we are long term believers and supporters of Yearn.finance and consider them to be the benchmark in the industry of creating a real product of value and fostering an amazing community. This is what we are aspiring to be and building our practices from.

Unfortunately today, although developers are the life blood of our industry, investors tend to reap the most rewards. We need to change that. With Badger being a collective of contributors there are unique opportunities within our structure to more heavily reward builders that CREATE VALUE for the DAO. Part of those rewards are the DAO’s governance token, $BADGER, giving ownership to those same builders and creating a cohesive circle. That’s why we are happy to launch the Badger Developer Program.

What is the Program?

The Badger developer program incentivizes builders across 3 main areas.

  • Dedicated developer mining pool ($BADGER rewards)
  • Receiving a % of all revenue and value created from products
  • Shared ownership of the products they create

🦡 Developer Mining Pool ($BADGER Rewards)

We have reserved 15% (3,150,000) of the total supply of our governance token $BADGER for the developer mining pool.

Developers earn $BADGER from this pool based on the % of revenue their products or Sett strategies bring to the DAO vs the total revenue.

Similar to liquidity mining these emissions will be broken down into weekly distributions. A certain number of $BADGER allocated to each product and Sett strategy.

Example

  • Developer proposes and starts to build PRODUCT A.
  • Receives funding and operational support from Badger team and community.
  • Developer with the help of Badger DAO launches the PRODUCT A with an incentive program where new users earn $BADGER from the DAO’s treasury.
  • This product represents 60% of the DAO’s revenue. Developer receives 60% of the $BADGER emissions during that time from the developer mining pool.
  • Product generates $1M/year in revenue. Developer gets $200k as decided by the community.
  • Developer uses his $BADGER to vote and govern the future of PRODUCT A.

💸 Receive % of all Revenue

This is not just for new products. The core product of Badger at launch is our Sett Vaults, a tokenized bitcoin yield aggregator. The fee structure for this product is;

  • 2% Management Fee
  • 20% Performance Fee

Anyone that creates yield strategies (strategist) that the vaults use, will receive up to 50% of the performance fee. Originally developed by Yearn.finance, the vault strategy program has two things we look up to: fairly rewarding contributors, and onboarding users who put skin in the game. Some of these strategies will be more complicated than others, with that the community will decide if it warrants the full 50% revenue share. An example is copy and pasting a standard CRV compounding strategy which is very easy to do. A strategy like that doesn’t warrant the same revenue share compared to a completely new and unique strategy.

🤝 Shared Ownership of their Products

How could someone build a product but not have a say in that product’s direction or have incentives to grow it moving forward?

This is what makes our structure very unique. Through the developer mining pool they will be rewarded with $BADGER tokens. It also encourages them to participate and govern our other products as they will all work together.

Why a Fair Launch Matters

That’s why conducting a fair launch is the most important piece to this whole puzzle.

We have NO SALE. The only way to earn $BADGER is to use our Sett vault product, be an early contributor to the community or have taken actions in the past across other protocols that align with our values.

With this developer program launching on day 1 it ensures they are put first. Our industry is small so they are most likely the same people that are included in retroactive airdrop, will use our Sett vault product and overall be active in the community. We think that’s a perfect alignment.

Get Involved

Ofcourse we are ALWAYS looking for talented people to join our operations team as well. If that’s of interest come say hello in the #Development channel on Discord.

To Learn More About Badger

ℹ️ Visit Our Website

➡️ Check Out Our Github

➡️ Join Our Community Discord

➡️ Follow Us on Twitter

➡️ Connect on Telegram

*Badger tokens are a means by which users may utilize and govern the protocol. Badger DAO does not recommend purchasing Badger for speculative investment purposes. Badger tokens may lose value or have no value and may have no market. Note that if applicable law does not allow all or any part of the above limitation of liability to apply to you, the limitations will apply to you only to the maximum extent permitted by applicable law.*

Written by

DAO dedicated to building products to bring BTC to DeFi.

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