Badger DAO a new community governed by $BADGER token will be distributing 10% of its token supply to users of other communities based on their past actions such as minting, depositing and even donating. The idea of the new project is to bring together great minds in the space and build products which will help accelerate development of Bitcoin in Decentralized Finance.
For the distribution badger.finance has a list of more than 32,000 unique addresses which can qualify, for example through just linking their MetaMask wallet and claiming the tokens as long as one of the below actions was performed by the owner of the address:
Participated in SUSHI Governance
Supplied/Borrowed wBTC on Compound
MetaCartel DAO Members
Deposited/Borrowed wBTC on Aave
Participated in Yearn.Finance Governance
Participated in Yam Governance
Minted wBTC
Minted renBTC
Minted sBTC
The LAO Members
Deposited in sBTC and renBTC pools on Curve.fi
Participated in 1Hive Governance
Provided liquidity for wBTC/ETH pool on Balancer
Supplied/Borrowed wBTC on Maker
Donated to Gitcoin
Provided liquidity for wBTC/ETH pool on Uniswap
Member of dORG DAO
Minted tBTC
Participated in Harvest.Finance Governance
The entire distribution process and claiming is very similar to the one of Uniswap in terms of simplicity, and according to the report from Alex Saunders of Nuggets News claimants can expect the reward to be worth few hundreds of dollars.
The distribution was launched just over a day ago and is currently in the last hours of its grace period after which users who do not claim the rewards early enough will observe 20% of the rewards being slashed every 24 hours, ending up being added to the community redistributed rewards pool.
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