Bitcoin DeFi ecosystem explained

Besides wBTC, Stacks and Rootstock, BadgerDAO, RenVM and Liquid Network promote various use cases of Bitcoin DeFi.

BadgerDAO

A decentralized autonomous organization (DAO) called BadgerDAO makes it possible for BTC to be utilized as collateral across various DApps. The BadgerDAO uses the Ethereum-based token BADGER for protocol governance and incentive distribution. 

Users can earn income on their synthetic BTC assets using Sett Vaults, the first product offered by Badger. Users can…