Badger blockchain
Wisconsin Inno named her to their 25 under 25 top innovators in Wisconsin. She is an undergraduate computer science - economics double major at the University of Wisconsin Madison. The workshop will focus on building a blockchain community from early stages, academic-industry connections, and the blockchain space. I've been doing startups since long before they were cool. My passions include startups, data science, and coffee. I founded the Startup Grind Princeton chapter in and live in downtown Princeton.
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- Badger DAO, a Bitcoin DeFi Solution, Raises $21 Million from Top Crypto Venture Capital Firms
- Threat actors stole $120 M in crypto from BadgerDAO DeFi platform
- BadgerDAO DeFi defunded as hackers apparently nab millions in crypto tokens
- Someone stole $120 million in crypto by hacking a DeFi website
- Cybercriminals steal $120 million from DeFi protocol Badger DAO
- Badger DAO: Bringing Bitcoin to DeFi
- 6 of the Biggest Crypto-Heists of 2021
- What is Badger DAO?
Badger DAO, a Bitcoin DeFi Solution, Raises $21 Million from Top Crypto Venture Capital Firms
In many ways, Bitcoin has forever changed our perception of money. Before the creation of the world's first cryptocurrency, we all were limited by the constraints of centralized financial markets. These constraints include systemic inefficiencies in transferring money across borders and high fees. Bitcoin's blockchain did not have much of the framework that Decentralized Finance DeFi relies on. This is in spite of the fact that other blockchains like Ethereum have tried to create a pathway, through the wrapping technique, for BTC to be used for DeFi in those blockchains.
The main issue with the existing BTC bridges to other blockchains is that many of them act like centralized agents. To use them, you have to give up your BTC to them. You must trust them enough to keep your BTC in good custody whilst giving you an equivalent for use on other blockchains. DeFi, by its very nature, is built around trustlessness.
BadgerDao offers a trustless, secure, and easy-to-use bridge connecting the Bitcoin blockchain and others for an easy flow of BTC into DeFi. A Decentralized Autonomous Organisation DAO is an institutional framework that is not controlled by a single authorizing unit. A single entity does not hold the right to make and implement decisions. Instead, that right is jointly owned by a community of entities with an interest in the growth and success of the organization.
Some advantages of DAO are much lower management costs and faster decision-making. DAOs are of useful application in decentralized finance. To do this, Badger developed a suite of products that provide a community-driven platform where developers and users can collaborate.
The BadgerDao mainnet was launched in December The idea behind the project is to pool together a community to see Bitcoin fully functional in the DeFi space. This community will then govern the operation of Badger DAO, including the development of and the dynamics of Badger's products. This is a segment of the community that collaborates to build new products. They are mainly developers. They are a very critical unit in the Badger ecosystem because the present and future utility of Badger so much rests on their shoulders.
Any member of the community can come up with an idea for a new product. If the rest of the community welcomes the idea, the Builders take it up for further collaboration and development. The platform's Discord and Telegram channels are usually used for voting on proposals. The community firmly controls BadgerDao's governance token. It is an automated DeFi aggregator. SETT has modeled after Yearn. Smart contracts run the vaults. These smart contracts are designed to deploy their assets across several DeFi yielding protocols in an automated manner.
Hence, users who deposit tokenized bitcoin into the SETT vaults earn returns with hardly any effort from them; the smart contract does all the work. This is a cryptocurrency whose value is pegged to that of Bitcoin.
DIGG has an elastic supply: its circulating volume either expands or contracts to depend on the direction of Bitcoin's price movement. The core idea behind DIGG is to create a non-custodial platform for users to make use of synthetic Bitcoin. This effectively does away with centralized third parties. More on DIGG can be found here. Users can link different types of synthetic Bitcoin assets backed by different interest earning Bitcoin vaults. It is built on the ERC standard. The staking vaults are such that the longer one stakes, the higher the multiplier applied to the rewards.
Badger token confers governance rights to its holders. The token distribution is as follows:. Badger DAO is a key component to the tokenomics and gamification of the protocol. The system increases the rewards for users and rewards the most active community members increasing the benefits to the protocol and community members in a win-win utility.
Though Bitcoin is recognized as the flagship cryptocurrency in terms of age and market capitalization, its relevance to the current DeFi bloom has been limited. A big part of the reason is that many of the existing Bitcoin bridges to other blockchains are centralized. As more and more chains proliferate and more protocols bridge across to new networks, Badger DAO is crucial to the sustainability of these protocols.
Saylor opened the stream touching on the fact that there are not many safe havens to store capital considering the USD inflation. He circled back touching on his issues with banking in emerging markets and the idea of sovereign wealth funds adopting Bitcoin.
Ledger and Cobie guided the conversation when possible, ultimately allowing Saylor to outline why BTC as a property is bullish. Saylor defined a trend of extremely wealthy people, funds, and nations purchasing Bitcoin. Part of the bull case for Saylor was the fact that Bitcoin checks off more boxes as property than a security. He argues that most dApps un-officially fall under securities according to the Howe Test. Due to this regulatory grey are Saylor finds himself most comfortable holding BTC.
Saylors worries are in regulation as Web3 crosses the chasm. He threw out a few different scenarios, the best being global adoption of Web3 and crypto in the US and UK. Overall Saylor remains extremely bullish on BTC but recognizes what else is brewing in the market.
After MicroStragy's success, Saylor is confident that one of the easiest ways for people, nations, and companies to make money is BTC. He mentioned that it's as simple as an influential individual buying BTC and sending it out on a news wire.
From there he thinks it will just cause a chain reaction. As for our concern for L1 networks, this is probably bullish. Regulation takes time and BTC rising will lift all boats.
The largest NFT marketplace, in a bid to educate its users about their inactive NFT listings, sent out emails with misleading information. The information only made mempool exploitation easier to execute. The NFT marketplace sent out emails to users to cancel their inactive listings, ensuring they prevented their items from being sold at the inactive listing price.
However, the instruction placed users at risk, as the move eventually gave exploiters the information needed to buy their NFTs at the original low price. OpenSea, in the early hours of Friday, January 28th, discovered that the information had been used to exploit users.
According to Dingaling, although the protocol updated its information, it was still misleading. If you have already transferred an item back to your original wallet with old listings still fulfillable, revoke approvals first before cancelling orders.
Do you even understand what happened opensea? NFTs can only be transferred back safely after all the listings are canceled. OpenSea has been on the wrong end of improvements recently. The protocol faced a series of problems towards the end of , with website issues , irregularities in NFTs terms and conditions, and poor action from a top name in the OpenSea hierarchy.
The latest blunder is not welcoming for the protocol, and it may pave the way for other Marketplaces, particularly on Binance Smart Chain BSC , to move ahead in the pecking order. Check out the DeFi Direct Linktree for all the access links! BadgerDao aims to build truly decentralized products and infrastructure that will seamlessly integrate Bitcoin with DeFi.
Ahamdi Abarikwu is an Electrical Engineer and a lover of anything crypto. He is also an avid writer, proofreader and editor. He loves to play Scrabble in his spare time. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat.
Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere. In-depth analytics revolving around analytics on Binance Smart Chain. The latest Binance Smart Chain crypto news covering developing stories.
The latest market wide crypto news covering developing stories focusing on all blockchains. Transcripts of the latest DeFi protocols opening up to questions regarding their DApps. In-depth project research displaying the core features of the latest DeFi protocols. Exclusive biographies revolving around prominent crypto investors, developers and influencers. A complete guide to developing a working understanding of trading in cryptocurrency markets. User-friendly tutorials on the latest DApps that directly cater to the new user.
BSC News. Latest Education Guide. Ahamdi Abarikwu. Project Insight. News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. This is a paid press release, BSC.
Threat actors stole $120 M in crypto from BadgerDAO DeFi platform
The Helium blockchain uses a new consensus protocol, called simply the Helium Consensus Protocol. HBBFT is an asynchronous atomic broadcast protocol designed to enable a group of known nodes to achieve consensus over unreliable links. HBBFT relies on a scheme known as threshold encryption. Using this scheme, transactions are encrypted using a shared public key, and are only decryptable when the elected consensus group works together to decrypt them.
BadgerDAO DeFi defunded as hackers apparently nab millions in crypto tokens
Coin Introduction. Those focused on building during this time are starting to see the fruits no pun intended of their labour. Many of the things that we all believed would take center stage are now what everyone is excited about and DeFi is at the top of that list. Projects like Uniswap are now dominant players frequently eclipsing large centralized exchanges in daily volume. Source www. New food coins with anonymous founders like pasta, noodle, hotdog, kimchi etc, are launching unaudited forked codes from popular DeFi protocols and garnering hundreds of millions of dollars in the span of hours. These projects for the most part have no intrinsic value or purpose and will inevitably fade into irrelevance. There always is some good to come with the bad.
Someone stole $120 million in crypto by hacking a DeFi website
Recommended Previous Content. What is a DAO? In this way, Badger DAO offers its users the ability to earn returns for the staking of its tokens and the use of automated return and reinvestment strategies. Does this idea make sense? Well, if we take into account that Bitcoin is the largest cryptocurrency in the world, the enablement of this system could greatly boost the growth of the DeFi ecosystem.
Cybercriminals steal $120 million from DeFi protocol Badger DAO
By Rasheed Saleuddin. The community-driven DAO is focused on enabling Bitcoin holders to earn high APYs on other blockchains, rather than relying on centralized platforms which expose them to counterparty risk. However, anyone making the jump from Bitcoin to Ethereum is currently faced with immature and often centralized infrastructure. Every 24 hours the supply of the token is increased or decreased if the price is above or below the value of 1 BTC. Rebase tokens unfortunately have serious limitations to its use, due to composability and interoperability issues.
Badger DAO: Bringing Bitcoin to DeFi
With our blockchain-based badge r s, we are able to award the Azure developer community with verifiably scarce and publicly-visible rewards, giving deeper value to their recognition. European community members that have demonstrated their contributions can be recognised with unique badges across a number of categories, which are tokenised into digital assets on the Ethereum public blockchain and are verifiably scarce. In the spirit of our mission to empower technical practitioners of all backgrounds, we created Azure Heroes to inspire developers to learn, coach, and build on Azure and promote a healthy, inclusive community. Digital badgers take normal badges to a whole new level—they're cute, fun, and demonstrate recognition in a way that can't be faked. Want to be recognised with your very own digital badgers for the contributions you make in the community? Our Azure developer community engagement team will be on the lookout for individuals that volunteer, mentor or teach others and who are contributing to strong and sustainable communities. Nominate yourself or a community hero around you. Community members that have demonstrated verifiable impact in one of several categories will be chosen to receive a badge.
6 of the Biggest Crypto-Heists of 2021
Spend Bitcoin Cash and Simple Tokens everywhere. We are constantly adding more features to bring you the best cryptocurrency experience. Bitcoin Cash is meant to be used, we're here to make that as simple and easy as possible. Badger Wallet transactions are done directly on the Bitcoin Cash blockchain, in a wallet you have full control and complete custody over.
What is Badger DAO?
There are high ceilings and low floors when it comes to crypto at times. Another hack came to life this week, and early reports have stated that the hack was a front-end compromise that led to users being tricked into approving unwanted transactions. As Badger engineers investigate this, all smart contracts have been paused to prevent further withdrawals. The platform is geared towards earning yield on bitcoin through various vaults. However, a variety of assets were compromised during the hack. Fingers crossed!
Chris Spadafora, the founder of Badger DAO, supported the current change in the system that is seeing more VCs invest in decentralized finance platforms. One idea is to hold the tokens as part of the Treasury while the USDC tokens can also be staked to earn yields to help the DAO during bear market conditions. Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way. E-mail is already registered on the site.
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