madgod

DIGG Rebase token

Long
DIGG is an elastic rebasing token pegged to BTC , and governed by BadgerDAO. Every day at 3PM , the supply of DIGG expands or contracts to put supply side pressure to move price action accordingly.

This chart shows the calculated USD price of DIGG vs that of BTC . You can see an initial run up to $80K following launch, as well as a subsequent dump well below the BTC price. In early Feb, as BTC was making new ATH, DIGG once again outpegged BTC , perhaps due to individuals front-running a possible six-figure BTC price. DIGG then started dumping around Feb 14th.

Currently, DIGG is trading at a steep discount to wBTC. We have been accumulating our DIGG rewards and staking them (for ~150% APY currently) in anticipation of a return to the BTC peg. DIGG has been selling off, mainly, we believe because of the BTC selloff, but our prediction is a resumption of the BTC bull run or new ATH would spur additional interest in DIGG tokens, and return to price parity with BTC .

https://digg.netlify.app/elastic

UNISWAP:WBTCDIGG

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