{"id":462776,"date":"2021-04-30T19:10:48","date_gmt":"2021-04-30T19:10:48","guid":{"rendered":"https:\/\/uniquehot.com\/?p=462776"},"modified":"2024-06-11T13:55:25","modified_gmt":"2024-06-11T13:55:25","slug":"how-this-bitcoin-pegged-token-could-protect-holders-from-volatility","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/how-this-bitcoin-pegged-token-could-protect-holders-from-volatility\/","title":{"rendered":"How This Bitcoin Pegged Token Could Protect Holders From Volatility"},"content":{"rendered":"

Anonymous analyst \u201cWezek Bruh\u201d posted the main reasons why BadgerDAO and its native token pegged to Bitcoin<\/a>, DIGG, could be a great opportunity for investors. Created as a rebase token, DIGG has the capacity to contract or expand its supply to meet a price target, as Wezek Bruh explained.<\/p>\n

The analyst believes there is value in DIGG as a potential speculative investment and a \u201ccritical part of the Badger ecosystem\u201d<\/a>. DIGG holders have a fixed percentage of the token\u2019s total supply market cap. 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.<\/p>\n

This is determined by the positive or negative rebase, but as the analyst explained, this mechanism is designed for the investor to \u201calways keep your share of the pie\u201d. Wezek Bruh added<\/a>:<\/p>\n

The main takeaway is that you should think about your DIGG position in terms of percentage ownership of the total market cap rather than the number of tokens multiplied by the price per token.<\/p><\/blockquote>\n

DIGG holders can stake their tokens inside a Badger vault and receive rewards with the token bDIGG. Currently, there is a 43% APY with this product. Unlike DIGG, bDIGG is not subject to the rebase mechanism. The analyst said the following about BadgerDAO and one of its investment Bitcoin-based strategies:<\/p>\n

(\u2026) you can buy DIGG which imperfectly tracks the price of BTC, stake it in Badger to earn 43% APY, and also get bDIGG tokens back in your wallet that you can use in other places within DeFi.<\/p><\/blockquote>\n

The analyst highlights that BadgerDAO<\/a> offers its users incentives that allow both holders and the protocol to benefit. Therefore, the latter can build a sustainable model.<\/p>\n

How DIGG Can Be A Hedge Against Bitcoin\u2019s Swings<\/h2>\n

As Wezek Bruh further explained, DIGG\u2019s is rebased on a 10-day period. The mechanism responds to BTC\u2019s price oscillation. Therefore, DIGG takes longer to react to a crash or bull-run. This window can be leverage in more investment strategies.<\/p>\n

Since the token tracks BTC\u2019s price performance, DIGG can be considered a synthetic version of Bitcoin<\/a>. An \u201cimpure\u201d one, as the analyst claimed. However, BadgerDAO has the objective of integrating BTC with the DeFi sector. Wezek Bruh added:<\/p>\n

Badger is entirely focused on bringing BTC to DeFi. And with DIGG, it is one of the few places that offer yield in BTC. In the end, I prefer BTC over \u201cfill in the blank\u201d latest token of the week.<\/p>\n

In contrast with other synthetic versions of BTC operating on the DeFi sector, such as Wrapped Bitcoin (WBTC), DIGG removes a risk factor by not requiring users to provide collateral. The analyst believes this protocol can reach the \u201cHoly Grail of crypto\u201d by combining BTC\u2019s feature as a store of value with the \u201clong-term\u201d utility found in DeFi and Ethereum<\/a>\u2019s ecosystem. Wezek Bruh said:<\/p>\n

The mechanics around DIGG may be different, but the utility remains as DIGG owners are provided BTC in-direct exposure on Ethereum to earn interest (bDIGG, ibBTC), lend against their positions, and (most importantly) as a composable asset in DeFi to do much more!<\/p><\/blockquote>\n

Bitcoin trades at $57.043 with a 7.6% rally in the daily chart. In the weekly and monthly chart, BTC has a 9.7% profit and a 2.8% loss, respectively.<\/p>\n

\"Bitcoin
BTC with medium gains in the daily chart. Source: BTCUSD Tradingview<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Anonymous analyst \u201cWezek Bruh\u201d posted the main reasons why BadgerDAO and its native token pegged to Bitcoin, DIGG, could be a great opportunity for investors. Created as a rebase token, DIGG has the capacity to contract or expand its supply to meet a price target, as Wezek Bruh explained. The analyst believes there is value in DIGG as a potential speculative investment and a \u201ccritical part of the Badger ecosystem\u201d. DIGG holders have a fixed percentage of the token\u2019s total supply market cap. 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. This is determined by the positive or negative rebase, but as the analyst explained, this mechanism is designed for the investor to \u201calways keep your share of the pie\u201d. Wezek Bruh added: The main takeaway is that you should think about your DIGG position in terms of percentage ownership of the total market cap rather than the number of tokens multiplied by the price per token. DIGG holders can stake their tokens inside a Badger vault and receive rewards with the token bDIGG. Currently, there is a 43% APY with this product. Unlike DIGG, bDIGG is not subject to the rebase mechanism. The analyst said the following about BadgerDAO and one of its investment Bitcoin-based strategies: (\u2026) you can buy DIGG which imperfectly tracks the price of BTC, stake it in Badger to earn 43% APY, and also get bDIGG tokens back in your wallet that you can use in other places within DeFi. The analyst highlights that BadgerDAO offers its users incentives that allow both holders and the protocol to benefit. Therefore, the latter can build a sustainable model. How DIGG Can Be A Hedge Against Bitcoin\u2019s Swings As Wezek Bruh further explained, DIGG\u2019s is rebased on a 10-day period. The mechanism responds to BTC\u2019s price oscillation. Therefore, DIGG takes longer to react to a crash or bull-run. This window can be leverage in more investment strategies. Since the token tracks BTC\u2019s price performance, DIGG can be considered a synthetic version of Bitcoin. An \u201cimpure\u201d one, as the analyst claimed. However, BadgerDAO has the objective of integrating BTC with the DeFi sector. Wezek Bruh added: Badger is entirely focused on bringing BTC to DeFi. And with DIGG, it is one of the few places that offer yield in BTC. In the end, I prefer BTC over \u201cfill in the blank\u201d latest token of the week. In contrast with other synthetic versions of BTC operating on the DeFi sector, such as Wrapped Bitcoin (WBTC), DIGG removes a risk factor by not requiring users to provide collateral. The analyst believes this protocol can reach the \u201cHoly Grail of crypto\u201d by combining BTC\u2019s feature as a store of value with the \u201clong-term\u201d utility found in DeFi and Ethereum\u2019s ecosystem. Wezek Bruh said: The mechanics around DIGG may be different, but the utility remains as DIGG owners are provided BTC in-direct exposure on Ethereum to earn interest (bDIGG, ibBTC), lend against their positions, and (most importantly) as a composable asset in DeFi to do much more! Bitcoin trades at $57.043 with a 7.6% rally in the daily chart. In the weekly and monthly chart, BTC has a 9.7% profit and a 2.8% loss, respectively.<\/p>\n","protected":false},"author":535,"featured_media":462777,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144],"class_list":["post-462776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nHow This Bitcoin Pegged Token Could Protect Holders From Volatility<\/title>\n<meta name=\"description\" content=\"Anonymous analyst \u201cWezek Bruh\u201d posted the main reasons why BadgerDAO and its native token pegged to Bitcoin, DIGG, could be a great opportunity for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How This Bitcoin Pegged Token Could Protect Holders From Volatility","url":"http:\/\/uniquehot.com\/news\/how-this-bitcoin-pegged-token-could-protect-holders-from-volatility\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/how-this-bitcoin-pegged-token-could-protect-holders-from-volatility\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/Bitcoin-BTC-BTCUSD-23.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/Bitcoin-BTC-BTCUSD-23.jpg?fit=853%2C651"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd"],"dateCreated":"2021-04-30T19:10:48Z","datePublished":"2021-04-30T19:10:48Z","dateModified":"2024-06-11T13:55:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How This Bitcoin Pegged Token Could Protect Holders From Volatility\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/how-this-bitcoin-pegged-token-could-protect-holders-from-volatility\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/how-this-bitcoin-pegged-token-could-protect-holders-from-volatility\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Bitcoin-BTC-BTCUSD-23.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Bitcoin-BTC-BTCUSD-23.jpg?fit=853%2C651\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\"],\"dateCreated\":\"2021-04-30T19:10:48Z\",\"datePublished\":\"2021-04-30T19:10:48Z\",\"dateModified\":\"2024-06-11T13:55:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/Bitcoin-BTC-BTCUSD-23.jpg?fit=853%2C651","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/462776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=462776"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/462776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/462777"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=462776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=462776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=462776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}