BadgerDAO

BadgerDAO Airdrop

Team: BadgerDAO
Category
DeFi
Status
Archived
Difficulty
Funding
TBA
Rating
N/A
Tasks4
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BadgerDAO Airdrop Timeline

Project announced

Nov 2020

Completed

Snapshot of Bitcoin on Ethereum holders

Nov 2020

Completed

BADGER launch and airdrop

Dec 3, 2020

Completed

Sett vaults go live

Dec 2020

Completed

About BadgerDAO

BadgerDAO set out to bring Bitcoin into DeFi, building vaults and products for people holding wrapped BTC on Ethereum rather than for the usual stablecoin and ETH crowd.

The December 2020 distribution followed that thesis closely. Rather than reward its own users, which it barely had yet, Badger looked for wallets already holding Bitcoin on Ethereum through WBTC, renBTC or tBTC, and extended allocations to members of DeFi communities it expected to overlap with.

It is an early example of an airdrop used to recruit a specific audience rather than to thank an existing one.

Airdrop Stats

BTC on ETH holders Eligible
~1.5M BADGER Total Distributed
$25M Total Value at TGE
TGE details for the BADGERDAO airdrop
TGE details for the BADGERDAO airdrop

DAO Treasury 35% and Airdrop 15% are firmly confirmed via ICO Drops. The remaining 50% split (Sett Rewards 30% / Founders 15% / Advisors 5%) comes from BadgerDAO's launch distribution solid, but worth a quick cross-check against their official docs before you publish, since older tokenomics like this occasionally get restated.

BADGERDAO token allocation at TGE
BADGERDAO token allocation at TGE

How it worked to get the BadgerDAO airdrop

Step 1

Hold Bitcoin on Ethereum

Wallets holding WBTC, renBTC or tBTC at the November 2020 snapshot formed the core of the distribution.

Step 2

Or belong to a qualifying community

Members of several DeFi protocols Badger expected to overlap with received allocations without holding wrapped Bitcoin.

Step 3

Claim BADGER at launch

The distribution opened on 3 December 2020 alongside the protocol itself.

Step 4

Deposit into Sett vaults

Vaults went live the same month, letting recipients put both their Bitcoin and their BADGER to work.

Was the BadgerDAO airdrop worth it?

  • It recruited rather than thanked. Badger had barely any users of its own, so it looked for wallets already holding Bitcoin on Ethereum through WBTC, renBTC and tBTC. Qualifying meant having done something elsewhere.
  • The target audience was narrow and deliberate. Bitcoin holders who had bridged were a small, self selected group, which concentrated the distribution far more than a general DeFi snapshot would have.
  • The protocol did not hold its position. A December 2021 front end exploit drained substantial user funds and the project never recovered its earlier standing, which shapes how the airdrop reads in hindsight.

BadgerDAO Official Links

Official channels, documentation and community for this airdrop:

This airdrop has concluded. It is kept for research rather than participation.

Why we built Airdrop Meta

Why We Built Airdrop Meta

36 million HYPE tokens went unclaimed over a missed T&C signature. That is $1.2 billion lost to a single update, and one of many such cases.

One overlooked deadline should not cost you a life-changing airdrop. Crypto Twitter is loud; we cut through it so you do not have to.

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