Introducing: The Badger Annexe 式

forum.badger.finance

TLDR: Badger Finance starts its own incubator.

Overview:

Remember: a sett is the term for a den that badgers build & reside in. In the wild, badgers build annexes that are connected to the main sett via well worn paths along the surface. This allows for independence & collaboration between individual badgers and groups of badgers. With this program we are looking to do the same. 式

The Plan

Generally, the activities of the Annexe will be to review, develop, integrate, and expand the products of the incubated organization. Badger DAO can take an ownership stake in the organization and choose to commit assets to things like audits and other pre-launch necessities. In some cases, BADGER, DIGG and other BadgerDAO assets may be also used as an incentive to drive adoption. All decisions involving the use of treasury assets will be subject to community approval.

The Annexe

1. Gather

2. Forage

3. Tunnel

4. Prosper

Token Economics of Incubator Projects

Thought should also be given to how the new token will deliver value to Badger holders. Tokens of new orgs/products should fall under and pass value to Badger where they are used in the ecosystem.

Potential Deal Parameters

  • Stage of development
  • Potential market
  • Alignment with badger mission
  • Project economics (potential token and/or revenue structure)
  • Effort to get to launch

If it seems like a good fit the core team will negotiate terms with the project that could include, but is not limited to, any of the below:

  • Payment (in BADGER/DIGG) to project team/investors (with locks/vesting)
  • BADGER/DIGG to project treasury (with locks/vesting)
  • Commitment of BADGER/DIGG for incentivizing product launch
  • % allocation of any project tokens to BadgerDAO treasury
  • % allocation of any project tokens to Badger community (distribution mechanism options tbd)
  • % allocation of any project tokens for optional future treasury tokenswaps between BadgerDAO<>project
  • Potentially project team members contribute to other badger inititatives and join in part of full time capacities

Potential Deal Sources

Process

  1. Application
  2. Review by Annexe Committee (eventually with with community representation)
  3. Technical Review (Dev+Security teams)
  4. Negotiation (Core/Seeders)
  5. BIP + snapshot for community approval with deal terms
  6. Initiation (if vote passes)
  7. Build (Inclusive of technical and economic design/review/build out)
  8. Launch (After security review and with help of badger resources)
  9. Collaboration (Continue to operate and support as a key partner)

Looking Forward

How Do I Learn More?

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.*

DAO dedicated to building products to bring BTC to DeFi.