Sett User Guides - Binance Smart Chain (BSC)
Governance
Token Distribution
WIP Badger Registry
Pre Launch
Setts Overview & Fees

Sett

Badger Sett is a yield aggregator product that leverages automated strategies to generate yield for user deposits of various underlying assets. They are non-custodial, transparent, and users can withdraw their assets at any time.
The bulk of existing Setts are based on the Yearn Vaults V1 architecture, expanding it with new strategies, a new fee structure, and modifications to the governance of the system.
Yearns' documentation captures the premise best:
Capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. End users also do not need to have a proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy.
Moving forward, we will be developing a large portion of Setts & Strategies with a Yearn V2 based architecture. Most notably, this will support multiple active strategies per Sett.

Access Control Notes

The active Governance module (currently the Dev Multisig) can elect trusted parties to hold various permissions such as the right to run keeper operations or enter emergency withdrawal mode.
Contract upgradability rights exist for all Setts unless explicitly burned.

Live Setts

There are two Sett systems, one for core Badger strategies, and one for partner strategies.

Native Setts

In-house Setts to generate organic yield on BTC-related assets and support the Badger token ecosystem.

Bitcoin Variants

  • renbtcCRV Curve LP
  • sbtcCRV Curve LP
  • tbtcCRV Curve LP

Badger Assets

  • Badger
  • Digg

Badger LP

Liquidity for Badger assets on Uniswap and Sushiswap is incentivized.
  • Uni LP Badger<>wBTC
  • Uni LP Digg<>wBTC
  • Sushi LP Badger<>wBTC
  • Sushi LP Digg<>wBTC

Other LP

  • Sushi LP wBTC<>ETH

Partner Setts

These vaults deposit into the vault systems of our partners, leveraging their strategies for organic yield while adding Badger/Digg incentive rewards on top.
  • Harvest : renbtcCRV Curve LP
  • Yearn: wBTC

Standard Sett Fees:

These fees apply on all Setts on all chains except if noted in the exceptions.
  • 0.1% Withdrawal Fee
    • This fee is taken from the total amount withdrawn upon withdraw.
  • 20% Performance Fee (50% to strategists)
    • These fees are taken during harvest and already accounted for in stated ROIs.

Exceptions:

  • The BADGER, DIGG and Uniswap LP setts holding BADGER or DIGG on the Etheruem chain have no fees. All BSC setts charge all standard fees.
  • The Sushiswap LP setts all charge 20% of the harvested and staked SUSHI as a performance fee. Those containing BADGER or DIGG tokens have no withdraw fees. WBTC/ETH has the standard 0.5% withdraw fee.
  • In the Harvest.finance Super Sett: Harvest charges a 30% performance fee in exchange for emitted FARM tokens. Badger harvests these for you, and takes 20% of the FARM as a performance fee. Note that badger does not have control over Harvest performance fees and FARM APYs, these are subject to change. Withdraw fees apply.

Fee Collected

Here is a view of the address where all Sett fees are sent. Note that this may not represent all fees ever collected as the DAO could decide to transferred funds out to support operations or reinvest.
Here is another view of the DAO's holdings: https://daowatch.badger.guru/d/_UPPSJUGk/treasury?orgId=1
Last modified 21d ago