BadgerDAO’s “Rebase Mining” With UMA’s KPI Options
In an effort to encourage positive rebases of BadgerDAO’s DIGG token, BagerDAO has launched “Rebase Mining” using UMA’s KPI Options.
In order to best explain how this works and what it means for both communities, the interview with Jon Tompkins from the BadgerDAO team was conducted to answer some questions.
The KPI Option tokens are created using UMA Protocol. They are a new mechanism to pay out conditional incentives, and thus can be used to motivate group behavior. There are a long list of teams exploring how they might be used to structure incentives, including SushiSwap, Index Coop, BasketDAO, Aragon, StakeDAO, Indexed Finance, Pool Together, and Harvest.
In BadgerDAO’s case, the DIGG Rebase Options will be redeemable for certain amount of DIGG at the end of the program. Just how many DIGG each is worth will depend on the KPI.
What is BadgerDAO?
Badger Finance is a community DAO, focused on bringing Bitcoin to DeFi. The DAO’s debut products are Sett, a yield aggregator, and Digg, a BTC-pegged elastic supply currency.
What is UMA?
UMA is a decentralized financial contracts platform built to enable Universal Market Access.
📰 INFO:
