Badger Sett is a yield aggregator product that leverages automated strategies to generate yield for user deposits of various underlying assets. They are non-custodial, transparent, and users can withdraw their assets at any time.

The bulk of existing Setts are based on the Yearn Vaults V1 architecture, expanding it with new strategies, a new fee structure, and modifications to the governance of the system.

Yearns' documentation captures the premise best:

Capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. End users also do not need to have a proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy.

Moving forward, we will be developing a large portion of Setts & Strategies with a Yearn V2 based architecture. Most notably, this will support multiple active strategies per Sett.

Access Control Notes

The active Governance module (currently the Dev Multisig) can elect trusted parties to hold various permissions such as the right to run keeper operations or enter emergency withdrawal mode.

Contract upgradability rights exist for all Setts unless explicitly burned.

Live Setts

There are two Sett systems, one for core Badger strategies, and one for partner strategies.

Native Setts

In-house Setts to generate organic yield on BTC-related assets and support the Badger token ecosystem.

Bitcoin Variants

  • renbtcCRV Curve LP

  • sbtcCRV Curve LP

  • tbtcCRV Curve LP

Badger Assets

  • Badger

  • Digg

Badger LP

Liquidity for Badger assets on Uniswap and Sushiswap is incentivized.

  • Uni LP Badger<>wBTC

  • Uni LP Digg<>wBTC

  • Sushi LP Badger<>wBTC

  • Sushi LP Digg<>wBTC

Other LP

  • Sushi LP wBTC<>ETH

Partner Setts

These vaults deposit into the vault systems of our partners, leveraging their strategies for organic yield while adding Badger/Digg incentive rewards on top.

  • Harvest : renbtcCRV Curve LP

  • Yearn: wBTC