BadgerDAO

BadgerDAO is a decentralized collective focused on bringing Bitcoin into DeFi through yield-generating vaults for Bitcoin-backed assets and a CDP system for minting a Bitcoin-pegged stablecoin. The protocol originally provided automated strategies for assets like WBTC, renBTC, and sBTC across Curve, Convex, and other DeFi platforms. Currently in sunset mode, the front-ends are deprecated but underlying contracts remain accessible for withdrawals.

BadgerDAO historically generated yield through several methods.

Liquidity vaults for Bitcoin‑backed assets: These vaults held tokens like WBTC, renBTC, sBTC, and tBTC. They automatically reinvested rewards from liquidity pools on platforms like Curve and Convex. A portion of the yields was taken as performance fees.

Staking contracts for BADGER tokens: Users could stake BADGER tokens to receive protocol emissions (rewards from the protocol).

The BadgerTree reward system: This system distributed protocol fees and additional rewards to users based on their participation in vaults.

The eBTC CDP system: This allowed users to mint a Bitcoin‑pegged stablecoin called eBTC by depositing stETH as collateral. Owners of these positions paid stability fees that accrued to the protocol.

All vault strategies were designed to optimize yield across Bitcoin‑focused DeFi platforms while capturing fees for the DAO.

The protocol is now in sunset phase. No new deposits are allowed, and users can only withdraw existing positions or close CDPs.