Badger DAO, commonly known as BADGER, is an open-source DAO focused on integrating Bitcoin with the DeFi ecosystem. Founded in September 2020 by Chris Spadafora, Ameer Rosic, Albert Castellana, and Alberto Cevallos, in collaboration with dOrg, the project emphasizes decentralization and community-driven principles. $BADGER, its governance token, empowers holders with voting rights, reward distribution, and a share in protocol fees. Notably, its launch eschewed the traditional ICO route, with its value determined by market dynamics.