DIGG At A Glance : Complete Guide

5 min readJan 22, 2021

Let’s face it Badgers… we’re all super excited about Digg. IT IS NOW LIVE!
We’ve been asking ‘wen’ for so long it seems, but the time has come to familiarize ourselves with the ‘what’ and ‘how’.

What is this Digg token that has been airdropped to my wallet and how can I use it to my benefit?

Digg Facts

Token Address: 0x798d1be841a82a273720ce31c822c61a67a601c3
Total Supply: 4000
Circulating Supply: 600
Total DIGG Rewards Week 1: 171 DIGG
Rebase Period: Every 24 Hours (3pm EST) First Rebase Jan. 23rd
bDIGG Address: 0x7e7E112A68d8D2E221E11047a72fFC1065c38e1a

Tokenomics:

· 40% Badger DAO Treasury

· 40% Liquidity Mining (over 22 weeks)

· 5% Founding Team (vested over 1 year)

· 15% Airdrop (600 immediately available)

What to do with your Airdrop?

There are 5 immediate things you can do with your airdrop ;

Stake in DIGG vault for 100% auto-compounding DIGG rewards. Rebase happens in the vault and as positive rebases ensue, your claimable DIGG will increase for when you withdraw. You receive a vault share token, bDIGG, that can be used across other DeFi protocols.
Provide Liquidity in the form of wbtc/DIGG on Uniswap or Sushiswap and Stake in DIGG LP Vaults to earn DIGG rewards. Rebase still happens but inside the liquidity pool.
Prepare for MEME NFT Farming using bDIGG. Within the next few weeks holders of bDIGG will be able to stake that token to mint NFT’s. Collect all 6 and claim the honey badger pot worth 1 DIGG.
HODL- As DIGG supply expands holders always maintain their % ownership of the total supply. It starts at 4000 total DIGG. If it were to expand to 12,000 DIGG over time and you owned 40 DIGG at the start, you will still own 1% of the supply (120 DIGG).
Trade- DIGG has game theory and trading mechanics built into the token. The rules are the same for everyone, at 3pm est daily there is a rebase which spans 10 days, if DIGG is less than BTC at rebase the supply (your wallet balance) decreases, if DIGG is more than the USD price of BTC, the supply increases (your wallet balance grows). Your strategy to define!

How to Claim Your Airdrop

It’s time to claim your $DIGG and put it to work!

1. From the Badger Dashboard, visit ‘Airdrops’

2. If eligible, under ‘Available Airdrops’ click ‘CLAIM’ (ETH gas fees will apply)

3. Visit ‘Sett Vaults’ to deposit in any of the 3 $DIGG dedicated vaults (wBTC/Digg UNI LP, wBTC/Digg SUSHI LP, $DIGG Only)

For eligibility and more specific information on the Digg Airdrop, read ‘Breaking Ground on Digg’.

How to Deposit in DIGG Sett Vaults?

To deposit into Digg setts, visit ‘Sett Vaults’.

DIGG ONLY Vault

1. Click the arrows or anywhere on the DIGG vault.

2. Make sure the button on the top right of the pop up box has DEPOSIT selected. Input the exact amount to deposit or choose from 25/50/75/100% for auto calculation. Click deposit and confirm transaction in Meta Mask.

3. IMPORTANT! Unlike other vaults your DON’T need to stake DIGG. You simply need to deposit and you’ll be receiving 100% auto compounding DIGG rewards.

DIGG/WBTC Sushiswap or Uniswap LP Vaults

1. Click the arrows or anywhere on either the DIGG/WBTC Sushi or Uniswap vaults.

3. Once deposit is complete you now need to stake to begin earning DIGG rewards. Click the Stake button next to deposit and follow the same steps as you did previously to deposit your LP tokens. Once transaction is confirmed you are complete.

What Is Digg?

Digg is an elastic supply cryptocurrency pegged to the price of Bitcoin. It has been developed and governed by the Badger DAO. The $DIGG token is meant to mimic the price of Bitcoin.

Using the Sett Vaults and peg based rewards in our app, Badger is attempting to drive better stability and optimization of the rebase for DIGG. Unlike other rebasing assets this is a new approach that we intend to modify over time to increase it’s effectiveness.

Along with stability we are leveraging our vaults to enhance composability. When you deposit $DIGG in our $DIGG only vault, you will receive a token called bDIGG, which is a representation of your share in the pool. This token does NOT rebase and can be used like any other standard erc20 token. Holders of this token will be continuously receiving DIGG rewards to their position via our liquidity mining program while enabling them to use it across DeFi.

With Digg, you do not have to rely on a third party to custody your tokens, and there are a variety of ways to make your tokens work for you.

To Digg deeper, read ‘Breaking Ground on Digg’.