# BIP 45: Pancakeswap bBadger and bDIGG incentives

**URL:** <https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885>\
**Category:** BIP | Badger Improvement Proposals\
**Created:** [March 17, 2021, 1:35am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885 "2021-03-17T01:35:38Z")\
**Posts on this page:** 20\
**Page:** 1

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**Author:** ![Spadaboom](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.badger.finance/spadaboom/32/9_2.png) [@Spadaboom](https://forum.badger.finance/u/Spadaboom)\
**Post date:** [March 17, 2021, 1:35am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/1 "2021-03-17T01:35:38Z")

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**Category:** Treasury Management  
**Scope:** Allocate $500k as incentives for the Pancakeswap Syrup pools as part of Sett vaults launch on BSC.  
**Status:** Accepted

# Objective: To determine community sentiment and approval to allocate $250k in bBadger and $250k in bDIGG for Pancakeswap incentives.

# Overview:

[As outlined today](https://twitter.com/BadgerDAO/status/1371854805543571464?s=20)Badger is embarking on its cross chain journey and launching our Sett vaults across multiple chains and layer 2 solutions. The first stop is Binance Smart Chain. We will have 3 vaults at launch, bBadger/btcb , bdigg/btc and bnb/btcb, all LP tokens of PancakeSwap. Pancakeswap will be incentivizing those 3 pools with CAKE rewards and as part of our vault strategies we will be auto-compounding those rewards back into the users underlying LP positions. As per their standard process, newly incentivized LP pools will have the partner allocate $250k worth of their token as rewards for a separate program called Syrup. In syrup pools over a 60 day period users stake CAKE and earn partner rewards (details \>) [PancakeSwap](https://pancakeswap.finance/pools)

# Specifics

Pancakeswap has agreed to allocate substantial CAKE rewards to our 2 pools. Each pool would receive $150k/day for the first 48 hours, $100k for the following 48 hours and $45k/day there after. This will translate to very high APY’s for Badger vault depositors and generate solid revenue for the DAO through performance fees.

In return we would allocate $250k in bBadger and $250k in bDIGG total to Syrup pools over a 60 day period that CAKE stakers would earn linearly.

It’s important that Badger launches on additional chains and quickly establishes itself as the most trusted and highest yielding protocol for users to put their Bitcoin to work. I think we will accomplish that through these reward mechanics on BSC.

To meet the reward allocation cutoff for CAKE and launch the vaults later this week as intended we would need to move faster than usual on this BIP. With that if we reach quorum quickly the team will upload to Snapshot for voting with a 24 hour window.

# Implementation:

Upon passing snapshot, $250k in bBadger and $250k in bDIGG from the treasury will be transferred to the Pancakeswap contracts for distributing in the Syrup pools upon launch of our vaults.

If you are in favour then vote “for” and if you are not in favour vote “against”. Please share your feedback and guidance.

_Poll ([view on site](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/1))_

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**Author:** ![Godspeeduck](https://avatars.discourse-cdn.com/v4/letter/g/2acd7d/32.png) [@Godspeeduck](https://forum.badger.finance/u/Godspeeduck)\
**Post date:** [March 17, 2021, 2:00am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/2 "2021-03-17T02:00:43Z")

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that will be a great milestone for badger’s TVL, let’ s make it happen.  
also wish digg move to it’ s peg soon, let binance launch digg.  
maybe tell CZ invest badgerDAO hah .

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**Author:** ![Ethanchan](https://avatars.discourse-cdn.com/v4/letter/e/5f9b8f/32.png) [@Ethanchan](https://forum.badger.finance/u/Ethanchan)\
**Post date:** [March 17, 2021, 2:00am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/3 "2021-03-17T02:00:52Z")

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It is so exciting!! It will help Badger for catching more asset.

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**Author:** ![cryptomooniac](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.badger.finance/cryptomooniac/32/1335_2.png) [@cryptomooniac](https://forum.badger.finance/u/cryptomooniac)\
**Post date:** [March 17, 2021, 2:14am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/4 "2021-03-17T02:14:45Z")

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Supporting this BIP. Even when I hate and avoid BSC, I acknowledge this is good for the DAO. Hope there will be more chains soon.

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**Author:** ![Godspeeduck](https://avatars.discourse-cdn.com/v4/letter/g/2acd7d/32.png) [@Godspeeduck](https://forum.badger.finance/u/Godspeeduck)\
**Post date:** [March 17, 2021, 2:21am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/5 "2021-03-17T02:21:57Z")

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BSC has tons of bitcoin holders and much less gas, I think it will good for us all.

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**Author:** ![Odin](https://avatars.discourse-cdn.com/v4/letter/o/87869e/32.png) [@Odin](https://forum.badger.finance/u/Odin)\
**Post date:** [March 17, 2021, 2:22am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/6 "2021-03-17T02:22:17Z")

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Great use of funds! Somewhat unreleated, but are protocol fees from these cross chain vaults going to be directed to bBadger holders on ETH? I’m supportive of this either way, as seeing increased composability of the native tokens is important, but that increased revenue stream should see a strong return on this investment over time.

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**Author:** ![thRoberto20](https://avatars.discourse-cdn.com/v4/letter/t/2acd7d/32.png) [@thRoberto20](https://forum.badger.finance/u/thRoberto20)\
**Post date:** [March 17, 2021, 2:23am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/7 "2021-03-17T02:23:18Z")

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Agreed. The more use cases for bBadger and bDigg, the better for the DAO.

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**Author:** ![Godspeeduck](https://avatars.discourse-cdn.com/v4/letter/g/2acd7d/32.png) [@Godspeeduck](https://forum.badger.finance/u/Godspeeduck)\
**Post date:** [March 17, 2021, 2:23am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/8 "2021-03-17T02:23:42Z")

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plus, maybe also conside about Huobi HECO and the in coming OKExChain, as I know, those two chains owned by the top CEX have large contain of Bitcoin.

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**Author:** ![JuanBerbesi23](https://avatars.discourse-cdn.com/v4/letter/j/e19b73/32.png) [@JuanBerbesi23](https://forum.badger.finance/u/JuanBerbesi23)\
**Post date:** [March 17, 2021, 2:36am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/9 "2021-03-17T02:36:45Z")

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Excellent!! Go to Pancake!

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**Author:** ![rkg7VFJQ8Jv9PkL](https://avatars.discourse-cdn.com/v4/letter/r/b9bd4f/32.png) [@rkg7VFJQ8Jv9PkL](https://forum.badger.finance/u/rkg7VFJQ8Jv9PkL)\
**Post date:** [March 17, 2021, 2:51am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/10 "2021-03-17T02:51:43Z")

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100% yes. My only question would be… why not more? @Spadaboom, I think you’re undervaluing the amount of value that BSC is going to add.

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**Author:** ![PancakeTrump](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.badger.finance/pancaketrump/32/896_2.png) [@PancakeTrump](https://forum.badger.finance/u/PancakeTrump)\
**Post date:** [March 17, 2021, 2:56am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/11 "2021-03-17T02:56:00Z")

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I completely lost interest in the project until I saw this.  
After I saw this, I bought more Badger.

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**Author:** ![victortovar91](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.badger.finance/victortovar91/32/1033_2.png) [@victortovar91](https://forum.badger.finance/u/victortovar91)\
**Post date:** [March 17, 2021, 3:18am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/12 "2021-03-17T03:18:42Z")

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What a great news. This is an amazing incentive!

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**Author:** ![cookies](https://avatars.discourse-cdn.com/v4/letter/c/a9adbd/32.png) [@cookies](https://forum.badger.finance/u/cookies)\
**Post date:** [March 17, 2021, 3:39am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/13 "2021-03-17T03:39:28Z")

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Second this, think it’s a great question as Badger goes multichain. Will the ETH treasury contracts be the sole treasury contracts or will we have treasuries for each chain?

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**Author:** ![Westermann](https://avatars.discourse-cdn.com/v4/letter/w/bcef8e/32.png) [@Westermann](https://forum.badger.finance/u/Westermann)\
**Post date:** [March 17, 2021, 7:07am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/14 "2021-03-17T07:07:19Z")

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I think a partnership with a chain one of the largest exchanges will be very useful for badgers. At the moment, there is a problem with fees, which does not allow holders of small assets to fully utilize the opportunities provided by new Badger DAO products. While this problem is solved in BSC.

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**Author:** ![yoyo](https://avatars.discourse-cdn.com/v4/letter/y/41988e/32.png) [@yoyo](https://forum.badger.finance/u/yoyo)\
**Post date:** [March 17, 2021, 9:33am UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/15 "2021-03-17T09:33:22Z")

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Now bad has been flowing out, so we should focus on the development of Clow. A large number of synthetic Clow, destroy bad and so on, naturally a large number of people play. Luna’s success can be replicated, and FXS’s model is also good. At present, bad is not as valuable as other governance tokens. I think CLOW is the core product of the whole project, which can find a place for bad rather than smash it if you get bad. The price is getting lower and lower.

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**Author:** ![badgerever](https://avatars.discourse-cdn.com/v4/letter/b/ec9cab/32.png) [@badgerever](https://forum.badger.finance/u/badgerever)\
**Post date:** [March 17, 2021, 3:36pm UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/16 "2021-03-17T15:36:01Z")

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let us go！！！badger is the best defi

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**Author:** ![DeFiFrog](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.badger.finance/defifrog/32/813_2.png) [@DeFiFrog](https://forum.badger.finance/u/DeFiFrog)\
**Post date:** [March 17, 2021, 6:53pm UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/17 "2021-03-17T18:53:23Z")

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[https://snapshot.org/#/badgerdao.eth/proposal/Qmbr1d4KSRUpH6pj8zPNSMmUXz3Z1CD4EofzuNoFGApREm](https://snapshot.org/#/badgerdao.eth/proposal/Qmbr1d4KSRUpH6pj8zPNSMmUXz3Z1CD4EofzuNoFGApREm)

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**Author:** ![Reem](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.badger.finance/reem/32/19_2.png) [@Reem](https://forum.badger.finance/u/Reem)\
**Post date:** [March 17, 2021, 9:32pm UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/18 "2021-03-17T21:32:53Z")

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there is so many L2 solution … why you have to move to the centralize one. im against any Binance cooperation.

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**Author:** ![vipes](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.badger.finance/vipes/32/1375_2.png) [@vipes](https://forum.badger.finance/u/vipes)\
**Post date:** [March 17, 2021, 10:08pm UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/19 "2021-03-17T22:08:12Z")

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wen $CLOW?..?

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**Author:** ![dmihel](https://avatars.discourse-cdn.com/v4/letter/d/b4bc9f/32.png) [@dmihel](https://forum.badger.finance/u/dmihel)\
**Post date:** [March 17, 2021, 10:32pm UTC](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885/20 "2021-03-17T22:32:39Z")

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Will this be coupled with any sort of marketing campaign aimed at all the BTC in Binance?

[Next page](https://forum.badger.finance/t/bip-45-pancakeswap-bbadger-and-bdigg-incentives/3885.md?page=2)
