After some conversations with friends around $DIGG it seems like @BadgerDAO needs to do a better job explaining how we are tackling composability with $bDIGG.

1 of the most frequent criticisms of rebasing tokens is the lack of composability with DeFi protocols.

Thread/

1/

For those unfamiliar, DIGG is based off the AMPL code base. The most battle tested elastic cryptocurrency in the market.

Instead of being pegged to USD, DIGG is targeting the price of #Bitcoin
2/

Due to the elastic nature of rebasing tokens, centralized parties (like exchanges) and DeFi protocols (like money markets) have some trouble integrating.

DeFi in particular thrives because of the composable lego pieces. Not having that is problematic.
3/

The secret sauce Badger has are its vaults which currently hold over $600M in tokenized Bitcoin.

When you deposit in a vault today you get a “b” token back which represents your share of the vault.

We then ask you to stake that to quantify your multiplier.
4/

Our attempt at making a rebasing asset more composable is by using the vault representation of your deposited DIGG aka $bDIGG which DOESNT REBASE.

At launch we will have a DIGG only vault where users can deposit to earn APY in the form of $BADGER & $DIGG.
5/

Here is how the vault will work

Shoutout to @gabrielhaines for the diagram
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Rebasing is isolated in the vault & it doesn’t matter how much or little the supply has expanded bc your share doesn’t change.

Ex. You deposit 1 DIGG when the total supply is 10. 1 month later the supply 10x’s to 100. You still own 10% & will receive 10 DIGG at withdrawal.
7/

You can now use your bDIGG as you would any normal erc20 token in DeFi.

Along with centralized crypto products that support erc20.

bDIGG is also yield bearing since the owner is entitled to the BADGER and DIGG rewards in our app.
8/

If you trade bDIGG that owner now will receive those rewards accordingly.

But what about my multiplier and the need to stake?
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With DIGG we are NOT going to adhere to the same multiplier method (stake in geyser).

Why? Because the community is working on a new multiplier based on rewarding those deposited in vaults vs farm & dumpers.

Similar ratio to Stake days that we’re using for the drop
10/

The intention is for this new multiplier to be ready for DIGG launch.

Outside of the benefit associated with bDIGG composability and transferability, users no longer need to do 2 transactions in our app.

Which cuts gas costs by almost half.
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Geyser staking can then be used for longer term lockup’s of 3-6 months that will come with higher rewards.

Community members are working on proposing the same model for our other vaults that would activate at the end of the current 8 week multiplier.
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I’m a fan of newer algo models like $ESD but feel we are too quick to write off AMPL based rebasing.

Along with composability our vaults will also be able to execute automated stability strategies for DIGG (ex. Buy/sell at the right time to drive towards peg).
13/

Stability in rebasing tokens and how we’re approaching it is a thread in itself so I’ll save that for another day.

In the meantime, the right question is not wen $DIGG?

But..

Wen $bDIGG?

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#ज्योतिष_विज्ञान #मंत्र_विज्ञान

ज्योतिषाचार्य अक्सर ग्रहों के दुष्प्रभाव के समाधान के लिए मंत्र जप, अनुष्ठान इत्यादि बताते हैं।

व्यक्ति के जन्म के समय ग्रहों की स्थिति ही उसकी कुंडली बन जाती है जैसे कि फ़ोटो खींच लिया हो और एडिट करना सम्भव नही है। इसे ही "लग्न" कुंडली कहते हैं।


लग्न के समय ग्रहों की इस स्थिति से ही जीवन भर आपको किस ग्रह की ऊर्जा कैसे प्रभावित करेगी का निर्धारिण होता है। साथ साथ दशाएँ, गोचर इत्यादि चलते हैं पर लग्न कुंडली का रोल सबसे महत्वपूर्ण है।


पृथ्वी से अरबों खरबों दूर ये ग्रह अपनी ऊर्जा से पृथ्वी/व्यक्ति को प्रभावित करते हैं जैसे हमारे सबसे निकट ग्रह चंद्रमा जोकि जल का कारक है पृथ्वी और शरीर के जलतत्व पर पूर्ण प्रभाव रखता है।
पूर्णिमा में उछाल मारता समुद्र का जल इसकी ऊर्जा के प्रभाव को दिखाता है।


अमावस्या में ऊर्जा का स्तर कम होने पर वही समुद्र शांत होकर पीछे चला जाता है। जिसे ज्वार-भाटा कहते हैं। इसी तरह अन्य ग्रहों की ऊर्जा के प्रभाव होते हैं जिन्हें यहां समझाना संभव नहीं।
चंद्रमा की ये ऊर्जा शरीर को (अगर खराब है) water retention, बैचेनी, नींद न आना आदि लक्षण दिखाती है


मंत्र क्या हैं-
मंत्र इन ऊर्जाओं के सटीक प्रयोग करने के पासवर्ड हैं। जिनके जप से संबंधित ग्रह की ऊर्जा को जातक की ऊर्जा से कनेक्ट करके उन ग्रहों के दुष्प्रभाव को कम किया और शुभ प्रभाव को बढ़ाया जाता है।