BadgerDAO partners with DeFiDollar to launch ibBTC

We did it, Badgers

Today is the long awaited launch of interest bearing bitcoin (ibBTC) in partnership with DefiDollar. An asset that will become the easiest onramp for any user holding bitcoin to put it to work through DeFi.

Guarded Launch Plan

The initial guarded launch will have a 3 phase approach.

Do you qualify for the guarded launch?

Our team pulled data based on several conditions to prequalify a select number of wallet addresses for the guarded launch.

  • They were Badger staking & LPing before DIGG launch
  • They have been Badger staking & LPing since DIGG launch
  • They have been in non-native Setts since the beginning
  • They have been DIGG Staking & LPing since launch
  • They own a Badger NFT

Building together with DeFiDollar

DeFiDollar’s experience building indexes on top of Curve pools makes this culmination of 4 vaults assets together into a single interest bearing BTC token possible. ibBTC is a highly composable product, and this highlights the modular nature of both protocols. This collaboration will pave the way for more partnerships of a similar nature in the future. We invite everyone to come and build that future with us.

How to mint and leverage ibBTC

To begin minting ibBTC, you’ll need to have Badger Sett Assets staked in the following vaults:

I. Mint ibBTC with your Sett Vault assets

1. Connect Metamask

II. LPing with Sushi

III. Redeeming your ibBTC

Let’s say you’ve been staking SLP WBTC/ibBTC in the Badger Sett and you want to go back and redeem your ibBTC in order to unlock the underlying assets.

How Do I Learn More?

There are many ways to engage the Badger DAO community and educate yourself on the use of our protocol.

ℹ️ Visit Badger Website

➡️ Check Out Our Github

➡️ Follow Us on Twitter

➡️ Connect on Telegram

➡️ Join the Discord

*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.*

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BadgerDAO 🦡

BadgerDAO 🦡

DAO dedicated to building products to bring BTC to DeFi.