BadgerDAO Integrates Chainlink Price Feed to Secure DIGG’s Rebasing Function
Badgers never stop $DIGG’ing into new levels of Bitcoin-native DeFi. We are excited to announce that we have integrated Chainlink on mainnet to secure our elastic supply token DIGG. Utilizing Chainlink’s industry-leading decentralized oracle solution, we can provide holders with strong guarantees that each DIGG token will accurately track the price of Bitcoin, even during extreme market volatility and in the midst of data manipulation attacks.
To make this integration a reality, a custom Chainlink Price Feed has been launched for the DIGG/BTC trading pair on the Ethereum Mainnet. It supplies the DIGG protocol with an accurate, up-to-date, and tamper-proof exchange rate for DIGG/BTC, supporting the daily DIGG token rebase events. Combining Chainlink’s high quality data feeds with Badger’s innovative on-chain financial products, the usage of BTC-denominated tokens can increase in adoption and reliability across the Ethereum DeFi ecosystem.