Dear Badgers,

DeFi Frog
2 min readFeb 11, 2021

As the snapshot for BIP 35: Long-Term Core-Contributors comes to a close with over 268k votes in favor at 98.4% approval, we wanted to take this time to express our deepest gratitude to each and every Badger, not only for recognizing the Badger Core team’s contributions but also for believing in us and in BadgerDAO. Through your unwavering support, we have 1) sustained several thousands of weekly active users, growing each day and 2) achieved greater than $2.3 billion in TVL, which represents 5.8% of all TVL in the entire DeFi ecosystem, all in ~2 months on mainnet.

Because of how he so accurately captured the core team’s perspective, we’d like to echo the sentiments that Mason shared in the Badger Forum: “We have a chance to build Bitcoin DeFi products that potentially sustain for so long that our grandchildren’s grandchildren can use our products. I think that’s beautiful, and I truly believe that BadgerDAO has what it takes to get there.” Your vote of confidence reinforces our passion for our work and our fierce drive to steer BadgerDAO towards this vision.

Thank you all again for all of your support, and keep an eye out for ways to get involved. With products like Badger Bridge, $CLAWS, $bBTC, and numerous additional initiatives in incubation, BadgerDAO will need additional capable hands on deck to deliver over the coming weeks, months, and years. We will soon be announcing details of the Badger Council, which will serve as a nexus between the Badger Core and the community in joint decision-making for the Badger Grants Program. Until then, be relentless; be Badgers.

Let’s keep on building!
DeFi Frog, J.Audefi, Jonto, Jintao, Mr Po, Donald, Mason, Bitcoin Palmer, Mitche50, Swole, Shakeshack

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