BIP 81: Buy The Dip

Scope: Use $10million in stablecoin assets from the $17million in BadgerDAO’s treasury to buy wBTC under $57k per token.

TL;DR:

Accumulate BTC under $57k per token using $10m stablecoins from BadgerDAO treasury holdings.

If wBTC is purchased with 30% of stables immediately (at $46k that’s a 20% discount) and a stop gap at $51k with remaining 70% that’s (a 10% discount) a total of a 13% discount.

If wBTC falls another 10% away from $57k then the remaining 70% is used to purchase at a 30% discount that increases the total discount to 27%.

Minimum program length 3 weeks, or immediately with stop gap measure at $51k BTC price.

Maximum program length 14 weeks.

Specifics available on the forum post