Bitcoin, for all the hype and value, is not really used in the world of Defi. Unlike Ethereum, BTC does not have a working computer built into its blockchain. Badger DAO is trying to change that with a range of liquidity pools to match BTC with different Defi functionality. To attract users, the protocol gives rewards when you deposit an amount of BTC into the Badger protocol. One of the more popular products that Badger DAO offers is a tokenized Bitcoin synthetic asset for the Ethereum blockchain. A synthetic asset is a data point that does not represent any actual commodity but instead is simply a note indicating the price of that asset. Since Badger is a DAO, users who hold the Badger token can vote on what features to implement next.