BIP 8: Confirm DIGG Distribution

what do you think of the idea to give a bonus to people that didnt participate in the recent dump of Badger tokens. like to someone that has never swapped badger on uniswap. does the multiplier apply to Digg tokens as well or only to badger tokens?

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can you link to this

agreed, even though Im guilty of dumping badger tokens at the first day, :sweat_smile: i just saw some guy talking about badger in youtube, and check if I have one, and to my surprise saw some sweet badger under the hunt tab, :heart_eyes: so I grab and dump it right way. The more I understand the platform the more i realizes it was a very stupid move dumping without knowing what is it. lol.

so I think its really fair also to reward an extra chunk the people who participated longer compared to the people who stake at the last minute .

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dude it’s good to transact in the pool, and that’s the point of an elastic supply currency like $digg

Yeah but also people that stay and hold badger right now should be rewarded against those who made this massive dump recently. Just my 2 cents…

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Thanks all. So impressed by level of engagement! More than any other protocol I’ve seen…this gives me so much confidence for long-term future of BADGER and DIGG.

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3% of airdrop should go to NFT holders.

0.5% to each NFT.

Whitepaper - split the 0.5% amongst the 10 holders.
Satoshi - split the 0.5% amongst the 10 holders.
Silkroad - split the 0.5% amongst the 100 holders.
Pizza - split the 0.5% amongst the 100 holders.
Mt Gox - split the 0.5% amongst the 500 holders.
Hodl - split the 0.5% amongst the 500 holders.

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Adjust numbers if desired, but that’s the framework of how it should work.

Do you know of anyone doing any more in depth financial modelling/analysis of BADGER?

Your posts here and on twitter inspired me a bit. I have background in portfolio building, VAR and strategy modelling, equity analysis, and options. I’m also an accountant so would be very interested in assisting treasury management for the project

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Not that im aware of, would love for you to throw something together and send over the findings!

I hope we stick with the originally planned market cap.
Hope fully those that continue to hold and stake badger are rewarded for staying in. Those that dumped and hold/stake no badger currently are also likely to dump their DIGG. At first the badger earned idea seemed fair to me, but when I realized how little the people who earned less than 100 badger will get it just seems like the rich get richer.

The way I’d like to see it distributed is.
30% to all wallets who have staked badger in any of the badger vaults.
30% divided between all badger holders per token held on snapshot date. Staking or non staking.
40% following the badger earned formula.

I think this would be a nice spread for everyone includes little guy and whales. Also rewards those who have stuck with it and helps prevent further dumping.

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Im not sure if 3% is a good amount, but i vouch for including nft stakers/holders. They participated by depositing their $BADGER in the sett.

Agree completely and sounds insight that is based on the numbers rather than emotional attachment to a monetary incentives . Much of this came into play when defining the initial supply which our team did.

Mind you Bitcoin was 1/3 the price but the reasoning still applies.

Many folks are looking at the Fully diluted marketcap and saying that’s too high to start. The fact is that it won’t start there since mcap is based on circulating supply. It will take months for the supply to be in circulation. Even if all DIGG available (excluding treasury) is circulating that a little more than half the total supply which cuts FDV mcap down to 60-70m.

My vote is keep it where it is.

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Well said and I support your reasoning fully. Thank you for the thoughtful response.

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@mason we are digging into treasury management as we speak. Would be good to have you engaged if you’re interested. Send me a PM on discord

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The multiplier of earnings is there to try and help everyone who has been involved. If you’ve stuck with the project you’ve earned lots of Badger and you’ll get lots of digg (proportionately).

But there are large liquidity miners who have earned lots and sold it. They’re just using Badger for the yield with little view on the future.

We’ve had more than a few people say that this needs to be taken into consideration. Those that have held, reinvested etc should be given more than those who have earned lots and sold.

I dont know what additional mechanism could be implemented but we should consider it if the weight of feeling is there.

Should there be additional consideration for those who haven’t sold?
  • Yes
  • No

0 voters

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I just want to suggest that a decent percentage of the airdrop should go to actual community members that participate in badger dao’s governance. They are the soul of the project.

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i think good idea is to make the airdrop based on tvl + the multiplier.
and not do an all at once airdrop. but for example every day, check who had tvl the day before and their multiplier. and next day give them their airdrop. this will incentivize more ppl to have more tvl. also since its not a 1 time thing, ppl can always get in tmrw if they wish and get airdrop based on their tvl. ofcourse incentivizing holding and staying in stakes because of multiplier.
this will solve many things, first it will truly reward community members fairly. and will add bonus to those that have been for longer. also it will open the door for anyone else that wants to involve in the community and get rewarded for their value they can provide.

what does others say for this simple solution for airdrop? this can benefit the community very much! and the only ones that actually get hurt are the ones that farmed us for yield and left. and if they want to join back its fine they still get some, but not as much as if they would of stayed. the ones that stayed get rewarded. and the ones that want to join get rewarded.

any objections? is there any attack surface i am missing here or anything that would make this unfair to anyone?

I agree that bulk of it should go to those that stayed committed, but we should be careful with these kinds of votes. If you are not a Badger holder you technically should not get a vote and the only people who are gonna vote no on this are the guys who dumped on us.

I guess at this point voting is just for information purposes and the developers ultimately decide anyways?

Also, think this vote would need clarification that those who hold should get additional consideration not those who haven’t sold. I sold my initial airdrop when I didn’t know anything about Badger, but after reading more I bought back in a few days later, missing out on some multiplier was punishment enough for having 1 sell on my resume.

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Agree - I liked the simplicity of the voting mechanism on the snapshot today. This is a good way to see who in the community is voting. Is there a way to ensure voters are rewarded with + airdrops? This would encourage everyone else to vote and be more engaged.

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