Ask about Badger DAO · freeTotal Value Locked$12.69m
TVL by Chain
Ethereum$12.57m
Arbitrum$117,461
Polygon$1.55
BSC$0
Fantom$0
Key Metrics
Fees 30d$6,623
Fees 30d by chain
Ethereum$6,623
Fees 7d$1,986
Ethereum$1,986
Fees 24h$0
Ethereum$0
Cumulative Fees$135,777
Ethereum$135,777
Revenue 30d$0
Revenue 30d by chain
Ethereum$0
Revenue 7d$0
Ethereum$0
Revenue 24h$0
Ethereum$0
Cumulative Revenue$32,407
Ethereum$32,407
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Market Cap$6.01m
$BADGER Price$0.31
Fully Diluted Valuation$6.47m
$BADGER Volume 24h$9,730
CEX Volume$2,666
DEX Volume$7,408(76.13% of total)
Treasury$1.85m
Majors$304,560
Stablecoins$205,974
Own Tokens$346,943
Others$988,887
Total Raised$21m
Mar 3, 2021$21mRound: Treasury DiversificationInvestors: 0xb1, Polychain Capital, ParaFi Capital, Blockchain Capital
Annual Operational Expenses$4.17m
Headcount15
Consulting$546,852
Contractors$3.24m
Expenses$112,116
Gas$227,580
Grants$10,954
Hosting$11,210
Marketing$25,068
Sourceshttps://lookerstudio.google.com/u/0/reporting/24f03640-4369-4687-a92f-979fe946bb8b/page/UPVxC
NotesUsing data from Feb 2023
Last UpdateApr 29, 2023
Protocol Information
BadgerDAO is a decentralized collective of builders supporting community driven growth for Bitcoin across DeFi.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total yield generated by Badger DAO vault strategies (gross, before performance fees) and eBTC redemption/liquidation fees.View code on GitHubRevenue: Performance fees on vault yield (governance + strategist share) and eBTC protocol fees.View code on GitHubHolders Revenue: View code on GitHubTreasury: Value of tokens owned by the protocolHacks
Date: Jan 25, 2021
Amount: $103,842
Classification: Protocol Logic
Technique: Swap Logic Flaw
Sandwich attack exploiting SushiMaker's fee-conversion vulnerability in the DIGG/WBTC Sushiswap pool. When Sushiswap added DIGG/WBTC to Onsen but failed to set up a bridge in SushiMaker, the attacker routed protocol fees through an illiquid pool, capturing 81 ETH in excessive slippage fees intended for xSUSHI holders.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Dec 2, 2021
Amount: $120m
Classification: Frontend & Infrastructure
Technique: CDN Compromise
On December 2, 2021, Badger DAO suffered a $120M hack when an attacker used a compromised Cloudflare API key to inject malicious code into the frontend. Users unknowingly approved token transfers via spoofed UI, allowing the attacker to drain approximately 2,100 BTC and 151 ETH from ~200 accounts.
Chains: Ethereum
Target Type: DeFi Protocol
Competitors
Badger DAO history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 12, 2020 to Nov 5, 2026.
All-time high TVL: $2.321b on Feb 20, 2021. All-time low TVL: $2.76m on Feb 6, 2026.
Daily TVL, Oct 7, 2026 to Nov 5, 2026
| Date | TVL |
|---|---|
| Oct 7, 2026 | $13.75m |
| Oct 8, 2026 | $13.33m |
| Oct 9, 2026 | $12.99m |
| Oct 10, 2026 | $13.1m |
| Oct 11, 2026 | $13.19m |
| Oct 12, 2026 | $13.31m |
| Oct 13, 2026 | $12.99m |
| Oct 14, 2026 | $13.19m |
| Oct 15, 2026 | $12.89m |
| Oct 16, 2026 | $12.99m |
| Oct 17, 2026 | $12.86m |
| Oct 18, 2026 | $12.83m |
| Oct 19, 2026 | $12.91m |
| Oct 20, 2026 | $12.87m |
| Oct 21, 2026 | $13.09m |
| Oct 22, 2026 | $13.29m |
| Oct 23, 2026 | $12.82m |
| Oct 24, 2026 | $12.76m |
| Oct 25, 2026 | $12.7m |
| Oct 26, 2026 | $12.6m |
| Oct 27, 2026 | $12.57m |
| Oct 28, 2026 | $12.69m |
| Oct 29, 2026 | $12.77m |
| Oct 30, 2026 | $12.22m |
| Oct 31, 2026 | $12.13m |
| Nov 1, 2026 | $12.21m |
| Nov 2, 2026 | $12.32m |
| Nov 3, 2026 | $12.09m |
| Nov 4, 2026 | $12.18m |
| Nov 5, 2026 | $12.68m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $34.51m |
| Jan 31, 2025 | $33.69m |
| Feb 28, 2025 | $26.21m |
| Mar 31, 2025 | $22m |
| Apr 30, 2025 | $23.59m |
| May 31, 2025 | $28.45m |
| Jun 30, 2025 | $28.8m |
| Jul 31, 2025 | $35.5m |
| Aug 31, 2025 | $35.94m |
| Sep 30, 2025 | $35.73m |
| Oct 31, 2025 | $33.31m |
| Nov 30, 2025 | $26.13m |
| Dec 31, 2025 | $25.51m |
| Jan 31, 2026 | $10.93m |
| Feb 28, 2026 | $8.24m |
| Mar 31, 2026 | $8.07m |
| Apr 30, 2026 | $9.72m |
| May 31, 2026 | $9.22m |
| Jun 30, 2026 | $7.46m |
| Jul 31, 2026 | $10.53m |
| Aug 31, 2026 | $12.73m |
| Sep 30, 2026 | $13.49m |
| Oct 31, 2026 | $12.13m |
| Nov 5, 2026 (latest) | $12.68m |
TVL at each year end, Dec 31, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2020 | $492.51m |
| Dec 31, 2021 | $1.003b |
| Dec 31, 2022 | $30.66m |
| Dec 31, 2023 | $25.47m |
| Dec 31, 2024 | $34.51m |
| Dec 31, 2025 | $25.51m |
Fees, revenue and holders revenue by UTC calendar month, Feb 2025 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Feb 2025 | $408 | $408 | $0 |
| Mar 2025 | $22,048 | $5,782 | $0 |
| Apr 2025 | $15,181 | $3,989 | $0 |
| May 2025 | $5,977 | $5,977 | $0 |
| Jun 2025 | $5,879 | $5,879 | $0 |
| Jul 2025 | $4,493 | $4,493 | $0 |
| Aug 2025 | $33,438 | $2,665 | $0 |
| Sep 2025 | $2,855 | $2,855 | $0 |
| Oct 2025 | $135 | $135 | $0 |
| Nov 2025 | $11,356 | $31 | $0 |
| Dec 2025 | $5,823 | $66 | $0 |
| Jan 2026 | $5,528 | $0 | $0 |
| Feb 2026 | $7,317 | $0 | $0 |
| Mar 2026 | $94 | $94 | $0 |
| Apr 2026 | $4,033 | $0 | $0 |
| May 2026 | $0 | $0 | $0 |
| Jun 2026 | $1,725 | $0 | $0 |
| Jul 2026 | $0 | $0 | $0 |
| Aug 2026 | $27 | $27 | $0 |
| Sep 2026 | $2,835 | $4.38 | $0 |
| Oct 2026 | $4,639 | $1.85 | $0 |
| Nov 2026 (to date) | $1,986 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/badger-dao
Frequently asked questions
What is Badger DAO's TVL?
As of Nov 5, 2026, Badger DAO has $12.69m in total value locked. TVL has decreased 8% over the past 30 days.
What chains does Badger DAO operate on?
Badger DAO operates on 5 chains: Ethereum, Arbitrum, Polygon, BSC, and Fantom. Ethereum holds the largest share at 99.1%.
How much has Badger DAO generated in fees and revenue?
Over the past 30 days, Badger DAO generated $6,623 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $45,363 in fees and $224.23 in revenue.
What is the BADGER token price and valuation?
BADGER is currently trading at $0.31. Its circulating market capitalization is $6.01m, ranking it #1,934. Its fully diluted valuation is $6.47m. Supply currently stands at 19.51m circulating, 21m total supply, 21m maximum supply.
How has BADGER performed recently?
BADGER is up 0.5% over the past 7 days and down 8.1% over the past 30 days. Its all-time high is $89.08, reached on Feb 8, 2021. The token is currently 99.7% below that level.
How does Badger DAO's TVL compare to similar protocols?
Among Yield Aggregator protocols tracked by DefiLlama, Badger DAO ranks #17 by TVL. The category holds $1.189b across 192 protocols, and Badger DAO accounts for 1.1% of that total. Similar protocols include Beefy, vfat.io, Superform, Yearn Finance, Teahouse Managed, BIM Yield, Clovis, Mushrooms Finance, Magik Farm, and CIAN Yield Layer.
Does Badger DAO have a treasury?
Badger DAO has a tracked treasury currently valued at $1.85m. Its holdings include $205,974 in stablecoins, $304,560 in major assets, $346,943 in its own tokens, $988,887 in other assets.
Has Badger DAO ever been exploited?
Badger DAO has 2 recorded security incidents. The most recent incident occurred on Dec 2, 2021 and involved $120m. It was classified as Frontend & Infrastructure.