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10 May 2021

How This Bitcoin Pegged Token Could Protect Holders From Volatility

How This Bitcoin Pegged Token Could Protect Holders From Volatility


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This Bitcoin Pegged Token Could Protect From Volatility.

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.

Created as a rebase token, DIGG has the capacity to contract or expand its supply to meet a price target, as Wezek Bruh explained.

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.

The analyst believes this protocol can reach the “Holy Grail of crypto” by combining BTC’s feature as a store of value with the “long-term” utility found in DeFi and Ethereum’s ecosystem

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