A good meal is balanced with a side of pickle. Badgers have diverse diets, and there’s nothing like a rich, probiotic vegetable to go with a dish full of yield.The Badger DAO has been observing many of the DAO cultures that have been truly innovating within DeFi. Pickle Finance has been one of the coolest communities by far, and with a very unique value proposition.
🥒 Enter Pickle 🥒
Pickle Finance is a project which initially launched with the goal of bringing stablecoins closer to their pegs. Recently, the Pickle Finance has expanded beyond that initial stablecoin vision and has “dipped” into the tokenized Bitcoin yield space with pJars, a perfect opportunity to collaborate with Badger.
🤝 Collaboration 🤝
pJars utilize different active strategies to generate returns for pJar owners and the protocol. The Badger DAO plans to collaborate with Pickle to cook up better yields for tokenized BTC primarily through our Sett product, Badger’s yield aggregator. With that, we hope to increase the governance reach and rewards incentives of the Pickle community that may intermingle with the Badgers. Disclaimer: The more smart contracts applied to the Sett vaults, the more smart contract risk there is. Please be mindful that participating incurs risk, which you must conduct research on and assess yourself.
“The use of synthetic BTC assets in DeFi is nascent and is still largely untapped. We’re excited to see Badger develop this potentially huge market to improve BTC yields and participation” says Larry the Cucumber project developer at Pickle.
Chris Spadafora, operations lead at Badger DAO, expresses great enthusiasm for this particular partnership and integration. “Pickle is actively working to create new yield opportunities for tokenized BTC. Having Pickle in the Badger arsenal will bolster Badger DAO’s mission to accelerate BTC as collateral in DeFi.
Keep on the lookout for further announcements for the Badger DAO, as well as future rewards for Pickle Finance’s governance participants.