The Badger DAO has allocated 15% of the Digg supply in the following way:
Total Badger Rewards Earned (55%)
Badger Earned / Badger Staked Ratio (35%)
Badger Staked Tokens Over Time (10%)
Proposal:
2nd smaller airdrop to the same addresses (medium post)
25-30% of the original capacity (this is because existing community did majority of the work)
6 months vesting
some formula so that even if someone arrives in a year or two, there will some BADGER to be claimed
The incentive for existing BADGER holders:
More inclusive community. More supporters. Larger mindshare. Even bigger ecosystem.
Iām thinking - if I was heavily invested in the DAO, would that proposal be in my favour?
My personal incentive:
Obviously.
Iām providing some liquidity on SushiSwap, Iām earning rewards, I have skin in the game, Iām part of the community but there is still some regret of not being on time.
I bought $Badger, LP, staking, earningā¦ But the ratio of the 2nd airdrop heavily favours those who were staking since day 0, not latecommers like me.
I didnāt dump. Because I didnāt claim. Will I receive DIGG?
Iām new to this forum which is awesome btw, great job to everyone involved in this project. Iāve bought and deposited badger from the start I didnāt get an airdrop of badger either I bought in to it and Iāve been waiting for this digg airdrop and Iām seeing posts like itās already happened. Can someone fill me in? Thanks
I think this has to do more with market psychology but let me explain.
The team has implemented concepts to reward long term value.
$DIGG is being airdropped to those wallets that interacted with badger vaults from day 1.
The geyser contract multiplies your return.
The risk/reward of keep building your position with just the APY alone is better than most defi farms out there.
The initial $BADGER airdrop incentivized btc holders to join badger.
If you didnāt join all these airdrops, you arenāt late. Itās nice you still got a badger position and an upcoming digg position. There will still be long term rewards along the way as I believe the dao will keep growing.
Why was I telling you that the issue is about market psychology?
Each cycle gives you a different opportunity. I didnāt mint bitcoin on ethereum or did any activities to become eligible for the badger airdrop. still didnāt buy badger below 3 so i bought my first badger at around 8 dollars haha silly me, but I still was able to benefit from so many opportunities by building my badger position. Someone joining until now, still has the chance to get badger at 14 dollars and farm for the last 2 weeks but now another opportunity arises: the digg liquidity mining.
You are being honest by saying that you missed out, came late to the party etc.
youāre still not late to be honest as badger is still cheap and thereās plenty of farming opportunities ahead. but this proposal is as if i wouldāve propose: "Hey guys i missed the first airdrop, can we get another one? or "hey i couldnāt buy badger at 3 can we make a proposal to dump the price to 3? or someone after the 8 week farming period coming and saying āhey, i missed the apy of the first 8 weeks, i propose to extend that apy because i missed outā. and so on, it would encourage people to do this type of proposals and in my opinion, they are selfish donāt you think?
I feel for you Brother but we are are Badgers and thatās not gonna fly with ease lol
Iām AGAINST this proposal.
Itās super early still and there is lots of money to be made providing liquidity and staking and doubling up and so onā¦so nah not fair to others that gave their all stuck inside with all the algo action. Just my 2 cents.
were still early!
Do not agree with the sentiment belowā¦
but no letās not re - airdrop please.