Badger DAO and Gitcoin at their core share the same mission: grow open source and grow the community.
Built in its fiber, Badger DAO is a community not a company. Acting as an umbrella for the best builders to collaborate and build open source software with shared ownership and the focus of bringing Bitcoin to decentralized finance.
Badger and Gitcoin are proud to announce their partnership to bring BTC to Gitcoin and bridge the gap between the Bitcoin and Ethereum ecosystems.
Rewarding Past Donors
We believe that those that contribute to public goods through Gitcoin align very closely with Badgers community values and because of that we will be the first to ever retroactively reward users that have donated to Gitcoin (1.4k unique addresses) since inception. These rewards will be proportionate to how much was donated.
At launch in early November, Badger DAO will be airdropping up to 13% of our total supply to 10+ groups based on retroactive actions. Gitcoin donors are one of the most important groups of this cohort. The airdrop is called, The Honey Badger Hunt, and more details will follow soon.
Funding Public Goods
Immediately after launch, Badger DAO will commit 2% of its total token supply, 420,000 $BADGER, to Gitcoin to be held in multi-sig and used across a variety of collaborative initiatives throughout the end of 2020 and 2021.
I’m excited to be working with Badger to fund software developers working on public goods in the Ethereum ecosystem, and pumped for the community interoperability this partnership will bring us. We are stronger together! “ ~ Founder Gitcoin, Kevin Owocki
These joint initiatives include:
- Acting as the lead on upcoming grant rounds 8 & 9 and providing ongoing contributions to future rounds.
- Partnering to launch a hackathon in Q1 2021 dedicated to building products and infrastructure to accelerate Bitcoin in DeFi.
Bringing Bitcoin to Gitcoin
Another key part of this partnership is Badger working with Gitcoin to expand into the Bitcoin ecosystem. This starts with funding and providing operational support for integrating Bitcoin as a fundable asset. It then evolves into developing and executing a framework for introducing dedicated Bitcoin public goods funding rounds. More details to follow as we work towards making this a reality.
“ It’s not about Ethereum vs Bitcoin, it’s about collaborating to accelerate open source development. We’re excited to partner with Gitcoin to support public goods both for the Ethereum and Bitcoin networks” says founder of Badger DAO, Chris Spadafora.
Our collaboration doesn’t stop here, this is a long term commitment from the Badger DAO to support all Gitcoin initiatives.