GOAT Network Expands Its Layer-2 Bitcoin (BTC) Scaling Project to Include Dogecoin (DOGE) Staking

GOAT Network, a Bitcoin (BTC) Layer-2 scaling project, announced on Wednesday that users will soon be able to stake Dogecoin (DOGE) to secure its upcoming network

Layer-2 scaling project GOAT Network announced on Wednesday that users will be able to stake Dogecoin (DOGE) to secure its upcoming network, earning crypto rewards in the process.

The move expands the network’s offerings, which previously only allowed the staking of Bitcoin (BTC).

Currently, the network allows users to lock up BTC to earn rewards, a process known as staking. The upcoming mainnet will allow Bitcoin holders to engage in various decentralized finance (DeFi) activities, such as lending or trading, without giving up ownership of their assets. The platform is still in development, with its full ecosystem on the horizon.

A Sustainable Yield Model for Bitcoin Holders

The network is primarily focused on BTC holders and sustainable yield opportunities. GOAT Network notably features a decentralized sequencer model, differing from the centralized methods found in traditional system designs.

Each sequencer node operator contributes to the network’s security. Their reward will be the network’s fees, plus block production and transaction ordering.

GOAT Network aims to bring scalable yield to Bitcoin users by offering rewards in the form of BTC for securing its decentralized Layer 2 network. This model differs significantly from other Bitcoin Layer 2 solutions, as users will receive real BTC rewards in exchange for their contributions. GOAT’s design promises sustainability through its gas token model, where wrapped BTC fuels network transactions.

As the Bitcoin DeFi landscape grows, GOAT Network’s unique model capitalizes on the increasing demand for scalable, secure yield-generating platforms. The network is quickly gaining traction, with over 5,000 BTC already pledged by several external sequencer node operators, including major names like Hashkey, Amber Group, and RockX.

With the launch of its mainnet, the GOAT Network will serve as the foundation for a DeFi cosmos, featuring a premiere decentralized exchange (DEX), derivatives, and a zero-gas platform as the main stables. These dApps will allow users to trade Bitcoin-native assets like BRC-20 tokens, borrow and lend assets, and participate in a diverse DeFi ecosystem.

GOAT Network Fuels Dogecoin Growth

Dogecoin has seen a massive surge in value recently, skyrocketing over 100% following an Elon Musk transaction and the launch of the Department of Government Efficiency (D.O.G.E.), a non-governmental organization.

In addition to the community, GOAT Network chose DOGE because of its strong fan following and connection with D.O.G.E.

GOAT Network believes that Dogecoin possesses a unique “community vibe,” making it a suitable choice for staking. This strategy aims to help Dogecoin investors navigate the volatility of the crypto market without having to sell their assets prematurely. Instead, they will earn rewards in Bitcoin, which has seen growing institutional and national adoption.