What is DIGG?
DIGG is an elastic supply synthetic rebasing Bitcoin ERC-20 token issued by BadgerDAO. Rebasing refers to the mechanism using data from BadgerDAO custom oracles to maintain DIGG price pegged to the value of BTC. If DIGG price is above 1.05 BTC, a positive rebase increases DIGG supply and lowers the price of each DIGG token. If DIGG price is below 0.95 BTC, a negative rebase decreases DIGG supply to raises the price of each DIGG token. DIGG tokens are allocated to the DIGG stability vote to further maintain its BTC price peg as allocated by vote of its counsel of DAO members. Users can earn DIGG rewards for providing liquidity to DIGG/WBTC pairs in auto-compounding DIGG vaults. Liquidity providers will also receive bDIGG vault share tokens to represent their staked value, which can further be used to farm MEME NFT.
