Setting the Standard with ibBTC

Building ibBTC with DeFiDollar

Hey Badgers,

Have you ever wondered why there isn’t a widely used interest bearing tokenized Bitcoin for DeFi? Liquidity of tokenized BTC on Ethereum is spread across different flavors — namely: wBTC, renBTC, tBTC & sBTC.

How does it work ?

Badger Setts are the first liquidity pools being leveraged to mint ibBTC. We will be able to add other pools in the future. These will be referred to as “peaks”.

  1. The Curve LP tokens are deposited to the Badger Setts for Bitcoin yield.
  2. The Badger Sett LP tokens are deposited to DefiDollar to obtain ibBTC.
  • CRV mined through the Curve platform
  • Badger Harvests from the Badger Setts

The Role of DefiDollar

We are excited to partner with DeFiDollar to accomplish this. DeFiDollar is a longstanding player in the DeFi space, and until this point has been focused on stablecoins. This partnership is expected to boost TVL for both projects, and lays the groundwork for future collaboration.

How Do I Learn More?

There are many ways to engage the Badger DAO community and educate yourself on the use of our protocol.

ℹ️ Visit Our Website

➡️ Check Out Our Github

➡️ Join the 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.*

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BadgerDAO 🦡

BadgerDAO 🦡

DAO dedicated to building products to bring BTC to DeFi.