DIGG $DIGG

DIGG is a unique crypto project initially introduced as a rebase token pegged to the Bitcoin (BTC) price. After several governance actions within BadgerDAO, DIGG has since transitioned from being a rebase token to a freely floating token. DIGG's primary liquidity is now on the Balancer Automated Market Maker (AMM), specifically within the DIGG/WBTC/graviAURA pool. This evolution has allowed DIGG to create a new niche within the crypto landscape, providing opportunities for users to engage with the protocol in novel ways.

Origins of DIGG

DIGG was initially launched as a rebase token, pegged to the BTC price. This innovative mechanism allowed the token to adjust its supply based on market conditions to maintain parity with BTC. The introduction of rebase functionality was seen as a potential game-changer in the crypto space, aiming to bridge the gap between decentralized finance (DeFi) and digital gold (Bitcoin).

Transition to a Freely Floating Token

In a significant shift in its functionality, DIGG ceased to be a rebase token following a series of governance actions within BadgerDAO. The transformation from a rebase token to a freely floating token has opened up new use-cases, providing users with more flexibility in how they interact with the DIGG protocol.

Liquidity and Trading

The primary liquidity for DIGG is now found on the Balancer AMM, particularly within the DIGG/WBTC/graviAURA pool. This shift allows users to leverage the benefits of liquidity provision, including potential rewards and a share of transaction fees. By interacting with the Balancer AMM, users can contribute to the liquidity of DIGG, thereby influencing its stability and price in the market.