BADGER is the native governance token of BadgerDAO.
$BADGER is the native governance token of Badger DAO. It is an ERC-20 token with a fixed supply of 21 million. BADGER tokens give you the right to vote on BadgerDAO governance proposals and can also be used to earn staking rewards and as collateral on different platforms across DeFi. Holding BADGER in your wallet increases your APYs in a select few Vaults as part of the Badger Boost system.
Badger token was launched with the vision of a fair launch. That's why there was no pre-mine, funding rounds or tokens designated for VC. If you are interested in learning about how our token was launched and is initial distribution feel free to take a look at our first (now discontinued) Medium Articles: A Truly Fair Token Launch and BadgerDAO Liquidity Mining Launch.
From time to time BadgerDAO might incentivize vaults with Badger tokens in order to prop up deposits, as per BIP-99 the decisions on which vault to incentivize and how much Badger to allocate relays on the Council of Badger, which has to its disposition up to 8k Badger a week. Note that these Badger come directly from the treasury and are already at circulation, at no point does BadgerDAO mint more tokens.