**CURRENT LIST OF QUALIFYING ACTIONS UPDATED NOVEMBER 20TH**
- Participated in SUSHI Governance
- Supplied/Borrowed wBTC on Compound
- MetaCartel DAO Members
- Deposited/Borrowed wBTC on Aave
- Participated in Yearn.Finance Governance
- Participated in Yam Governance
- Minted wBTC
- Minted renBTC
- Minted sBTC
- The LAO Members
- Deposited in sBTC and renBTC pools on Curve.fi
- Participated in 1Hive Governance
- Provided liquidity for wBTC/ETH pool on Balancer
- Supplied/Borrowed wBTC on Maker
- Donated to Gitcoin
- Provided liquidity for wBTC/ETH pool on Uniswap
- Member of dORG DAO
- Minted tBTC
- Participated in Harvest.Finance Governance
Badger DAO is meant to be a community where all the best builders in the space can come together and build products to help accelerate BTC in DeFi. To do that we need community members that share in our values;
- Support public goods
- BTC as collateral for financial services
- Decentralized governance
The best way to identify people that share in those values is by analyzing their previous verifiable actions on the blockchain.
With that, we are excited to announce the most epic, cross protocol, widely distributed and action oriented airdrop ever attempted, The Honey Badger Hunt!
What’s The Honey Badger Hunt?
Badger DAO will be rewarding ideal community members based on retroactive actions they’ve taken across protocols and platforms. Think Uniswap x100.
At launch of the $BADGER governance token this month, we’ll be airdropping 10% of the $BADGER supply to wallets from users across 20+ different communities, protocols and initiatives. These are specific actions that those wallets have taken and the amount of their rewarded $BADGER is proportionate to the size of the action.
Let’s look at an example of one of the communities announced thus far that will be included in the Honey Badger Hunt.
We want to engage and reward those that support public goods. Gitcoin is the largest platform in the industry doing this.
Anyone (1.4k unique addresses) that has donated to Gitcoin since inception will be rewarded with $BADGER during the airdrop. The more they’ve donated the more $BADGER they’ll receive.
Why is it called the Honey Badger Hunt?
We’re always “Hunting” for something being in the crypto space. If it be oversized returns, juicy APY’s, ability to have meaningful impact etc. Accomplishing any/all of those is when we get our “Catch”.
Technically since we’re rewarding past actions, we’ve all been hunting without even knowing it and some may have caught a ton already.
This is where the twist comes in. The airdrop is actually a dapp game we’ve created.
How Does It Work
Users that have received $BADGER for their past actions willbe able to come to our app > input their address > connect their wallet > claim the rewards associated with that address.
The user can decide to simply claim their Badger or claim and stake in our Sett (vault) product at the same time. Those that choose the later will earn additional $BADGER during our 8 week liquidity mining event.
Here is where it get’s fun. Every 24 hours after launch, 20% of your $BADGER rewards will be redistributed to a community pool. That’s why it’s critical that you claim your rewards as fast as possible. At the end of 5 days there will be no more rewards left for you to claim.
Let the hunt commence.
People will then be able to earn $BADGER (the catch) from that pool based on actions they take within our protocol (hold Badger for a period of time, use our Sett product, participate in Badger governance etc.) The more you do the bigger the “Catch” is from the pool. All the specific details will be shared as launch approaches.
Which Actions Will be Rewarded
This is the biggest question on everyone’s mind I’m sure.
Over the next few weeks we’ll be releasing a new “catch” on our Twitter and in Discord almost every day. A “catch” is the action on a protocol, platform and/or in a community that’s being rewarded through the airdrop. Make sure you join us on both of those platforms to be the first to know.
The snapshot for that specific action would of been already taken by the time we announce it. So actions after that point will not count.
We need your input! We are currently running the Early Contributor Program rewarding those that help us make decisions pre-launch. That could mean simply being active in our Discord providing feedback or getting more involved in the operations of Badger. The more you do the more you get. See all the details here
Badger Early Contributor Program
Rewarding those that help us manage and define Badger pre-launch
For additional reference please see a few of our other articles that dig deeper into how the DAO will work, our fair launch approach and introduction to Badgers products.