Image for post
Image for post
Badger Finance

What are Setts Vaults again?

A Sett is a tokenized bitcoin vault, in the vein of Yearn Finance, where you can deposit assets and we’ll execute automated strategies across DeFi protocols to produce yield.

Badger Setts

  • renBTC Curve Pool LP
  • sBTC Curve Pool LP
  • tBTC Curve Pool LP
  • $Badger Pool
  • $Badger<> WBTC Uniswap LP

Super Setts

  • Harvest: renBTC Curve Pool LP

How to Use Sett Vault App

Your Dashboard

Image for post
Image for post
APP.BADGER.FINANCE

VERY IMPORTANT

The Badger tree releases rewards every 2 hours and they will appear on the rewards dashboard. So unlike staking apps you’ve used before you won’t see the rewards accumulating every second. THERE IS NO ISSUE WHEN THIS HAPPENS, IT’S INTENDED TO DO SO. If you unstake your assets in between reward distributions (ie. 1 hour after a reward drop) you are still be entitled to your rewards accumulated during that 1 hour before unstaking.

Deposit and Withdraw from Sett Vaults

Image for post
Image for post
Image for post
Image for post

Strategies and Fees

On the top of the slider you‘ll see a breakdown of the APY, including how much is coming from the underlying yield produced and how much from the $BADGER rewards. On the bottom there will be strategy and fee buttons that will bring you to our documentation that outlines the details for both of those on that vault.

Stake Wrapped Sett token to Earn $BADGER

When you deposit in a Sett you will receive a “wrapped Sett token” that represents your position in vault. Wrapped tokens have an “s” in front of them (ssbtcCRV, srenbtcCRV, sbadger etc.) To begin earning $BADGER on top of the yield you’re already earning you must stake that wrapped token in the corresponding pool.

Image for post
Image for post

The Longer You Stake, The Higher Reward Multiplier

In an attempt to reward early stakers and those that stake longer, we’ve implemented a rewards multiplier that increases linearly with time. The amount of rewards they receive will increase according to a multiplier (1–3x) based on the length the assets are staked.

Claiming Your Badger

Image for post
Image for post

Fees

During the 8-week liquidity mining event anyone that deposits in the Sett or Super Sett vaults will incur the fees below. These don’t apply to the Badger or Badger <>wBTC UNI Setts.

Image for post
Image for post

So I’m earning $BADGER- What can I do with them?

  1. GOVERNANCE — The main purpose of $BADGER is to be used to govern our entire ecosystem including Sett vaults + other products, treasury and operations. This puts token holders in control of the DAO with vested interest to make it sustainable and successful.
  2. STAKE — Users can stake their $BADGER in the Badger Sett vault to earn additional $BADGER during the 8 week liquidity event and eventually shared fees that come from Setts.
  3. Liquidity- Users can add liquidity to the $BADGER<>wBTC Uniswap pool and stake those in our Sett vault to earn yield and $BADGER.
  4. Mint MEME NFTs —Next week users will be able to stake their $BADGER on Dontbuymeme.com to mint exclusive Badger + MEME NFT’s and participate in the Honey Badger Pot. Where the first person to collect all 5 NFT’s will be able to claim a pot of $BADGER rewards.
  5. HODL —Starting soon early Badger holders will have an opportunity to earn from the community $BADGER rewards pool. The ability to claim will be dependant on the amount of onchain actions they take within our ecosystem.

Get Involved

Do you want to develop new strategies for our Sett vaults?

  • Earn from the developer mining pool (15% of the supply = 3.15M $BADGER) based on how much revenue your strategy(s) bring to the DAO vs total revenue.

To Learn More About Badger

ℹ️ 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.*

Written by

DAO dedicated to building products to bring BTC to DeFi.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store