Purchase Badger DAO (BADGER) with New Taiwan Dollar (TWD) 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 TWD/BADGER pair is a fiat on-ramp that allows you to purchase Badger DAO's governance token, BADGER, using the New Taiwan Dollar (TWD). This pair facilitates direct entry from a traditional fiat currency into a key DeFi protocol focused on bringing Bitcoin to DeFi. You are essentially exchanging TWD for a digital asset used in automated yield farming strategies via Sett vaults.
BADGER is the native governance token of the Badger DAO, a Decentralized Autonomous Organization. Holders can vote on proposals and direct the future of the protocol. Its primary utility is to govern the system of Sett vaults, which are automated DeFi strategies designed to help users earn yield on their tokenized Bitcoin assets like wBTC and renBTC within the Ethereum ecosystem.
For optimal security after buying BADGER, it is highly recommended to transfer the tokens from the exchange to a personal crypto wallet where you control the private keys. Since BADGER is an ERC-20 token, you can use any EVM-compatible wallet, such as a hardware wallet for maximum security or a reputable software wallet. This prevents loss of assets from a potential exchange hack.
To buy BADGER with TWD, you'll generally need to find a regulated cryptocurrency exchange that accepts TWD deposits. The process involves completing KYC/AML verification, funding your account via a Taiwanese bank transfer, and then placing a buy order on the TWD/BADGER order book. Once the digital asset purchase is complete, the BADGER tokens are credited to your exchange wallet.
When executing a TWD to BADGER transaction, several fees may apply. These include a deposit fee for your TWD fiat gateway transaction, the exchange's own trading fees (often a percentage of the trade value), and finally, a withdrawal fee if you move your BADGER to an external digital wallet. This withdrawal fee covers the blockchain transaction cost, known as gas fees on the EVM-compatible network it operates on.
Yes, acquiring BADGER is the first step. Once you hold the token in your digital wallet, you can connect to the Badger DAO platform. There, you can stake your BADGER tokens directly or use them in conjunction with tokenized Bitcoin in various Sett vaults to begin participating in automated DeFi strategies and earning yield, subject to the protocol's mechanics.