The
BadgerDAO protocol has seen multiple developments recently. However, the most concerning aspect was the
exploit that lead to the
theft of
$120M worth tokens. Despite this setback, BadgerDAO has shown resilience. The team announced a new
Ethereum-based synthetic Bitcoin token, while founder unveiled plans for
Corn, an
Ethereum layer-2 using Bitcoin as gas. BadgerDAO’s utility token gained momentum amidst the Binance Futures launch and the protocol also introduced
eBTC in partnership with
LIDO. Moreover,
Coinbase Pro launched
BadgerDAO and Rarible, sparking interest in the community. Upticks were also noticed on DeFi Pulse Index backed by AAVE, Synthetix and BadgerDAO. In the wake of the hack, calls for
crypto audits and
cross-chain investigations have increased. Celsius Network admitted losses from the BadgerDAO hack. Despite the damage, BadgerDAO announced a
$21 million treasury diversification, the introduction of
Badger Bridge in cooperation with RenVM, and executed a
restitution plan. Yet the market sentiment for BadgerDAO is mixed as it continues to recuperate while expanding its offerings.
Badger DAO News Analytics from Sun, 21 Feb 2021 08:00:00 GMT to Tue, 20 Aug 2024 07:00:00 GMT -
Rating -5
- Innovation 5
- Rumor 5
