Anonymous analyst “Wezek Bruh” posted the main reasons why BadgerDAO and its native token pegged to Bitcoin, DIGG, could be a great opportunity for investors.
Although its price is determined by market dynamics, the numbers of DIGGs an investor has, within a wallet or smart contract, can increase or decrease depending.
DIGG holders can stake their tokens inside a Badger vault and receive rewards with the token bDIGG.
Since the token tracks BTC’s price performance, DIGG can be considered a synthetic version of Bitcoin.
And with DIGG, it is one of the few places that offer yield in BTC.
In contrast with other synthetic versions of BTC operating on the DeFi sector, such as Wrapped Bitcoin , DIGG removes a risk factor by not requiring users to provide collateral.
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