Purchase Badger DAO (BADGER) with Danish Krone (DKK) easily at Switchere and benefit from fast, secure transactions.
Badger DAO (BADGER) is a decentralized autonomous organization (DAO) dedicated to building the products and infrastructure necessary to accelerate the use of Bitcoin within decentralized finance (DeFi). The core mission is to create a secure and efficient on-chain ecosystem where BTC holders can earn yield on their digital asset without relinquishing custody. Primarily operating on the Ethereum blockchain, the protocol leverages smart contracts to execute its complex, automated yield-generating strategies for tokenized Bitcoin.
The flagship products of the protocol are 'Setts' and 'Digg'. Setts are tokenized yield vaults that function as automated strategy aggregators. Users deposit assets like wrapped Bitcoin (wBTC) or other BTC-pegged tokens, and the smart contracts automatically deploy these funds across various DeFi protocols to optimize yield farming returns. Digg is a non-custodial, elastic-supply synthetic Bitcoin; a rebase token whose supply is programmatically adjusted on-chain to maintain a peg to the price of Bitcoin, managed entirely by the DAO.
The native utility token, BADGER, is central to the project's governance. Holders of the BADGER token can participate in the DAO by proposing and voting on key decisions, including new Sett strategies, protocol upgrades, and treasury allocations. BADGER is also distributed as rewards to users who deposit assets, creating a powerful incentive mechanism for participation.
The DKK/BADGER pair allows you to purchase Badger DAO's governance token, BADGER, using the Danish Krone. Badger DAO is a decentralized finance (DeFi) protocol focused on building products to bring Bitcoin to DeFi. Essentially, you are using a fiat on-ramp to acquire a digital asset that grants you voting rights in a yield aggregator for tokenized Bitcoin on Ethereum.
Setts are the core product of Badger DAO; they are automated DeFi yield aggregator vaults. Users deposit assets, primarily tokenized Bitcoin like WBTC and renBTC, into a Sett, and its smart contracts automatically execute yield farming strategies to earn a return. The BADGER token is the governance token for the DAO, allowing holders to vote on proposals, including which new Setts to create and how to manage the protocol's treasury.
A direct DKK/BADGER pair provides a streamlined fiat on-ramp into a specific DeFi ecosystem. It eliminates the need for intermediate trades, such as DKK to BTC or ETH, and then BTC/ETH to BADGER. This reduces transaction costs, minimizes price slippage, and simplifies the process for Danish users wanting to participate in Badger DAO governance or use its yield farming vaults.
Typically, you would use a regulated cryptocurrency exchange that supports DKK deposits. The most common fiat on-ramp methods include SEPA transfers from a Danish bank account, credit/debit card purchases, and sometimes local payment systems. You must complete KYC/AML compliance checks on the platform before you can link your payment method and execute a digital asset purchase.
Several fees can apply. First, your bank or card provider may charge a fee for the DKK deposit. Second, the cryptocurrency exchange will have a trading fee for executing the DKK/BADGER order. Finally, since BADGER is an ERC-20 token on the Ethereum network, withdrawing it from the exchange to a personal digital wallet will incur a network transaction fee, known as a 'gas fee', which is paid to Ethereum miners/validators.
After purchasing on a cryptocurrency exchange, the most secure practice is to withdraw your BADGER tokens to a non-custodial digital wallet where you control the private keys. A hardware wallet is considered the gold standard for security. When interacting with the Badger DAO protocol or any DeFi application, always verify smart contract addresses, be wary of phishing links, and never share your seed phrase. This protects your digital asset from exchange-related risks and online threats.