The Bitcoin layer-2 network GOAT is introducing a new opportunity for dogecoin (DOGE) holders, allowing them to stake their tokens and earn fixed yields in BTC. Additionally, the network plans to roll out memecoin-based financial applications in the future, offering “even greater rewards” for DOGE holders.
GOAT Network, whose mainnet launch is pending, has previously enabled users to stake BTC for network rewards. Once fully operational, its ecosystem will allow bitcoin holders to engage in decentralized finance (DeFi) activities like lending and trading while retaining ownership of their assets.
DOGE’s price has more than doubled in the past month, driven by Elon Musk-related hype and the buzz around the Department of Government Efficiency (D.O.G.E.), a non-governmental entity with a playful nod to the coin.
Citing DOGE’s “long, colorful, and wildly successful history,” the GOAT team emphasized its strong community appeal and readiness for its “next phase.” The team stated, “This initiative allows Dogecoin investors to navigate crypto’s volatility without selling off their DOGE prematurely, earning BTC—digital gold increasingly adopted by corporations, institutions, and nation-states.”
By incorporating DOGE into its ecosystem, GOAT Network aims to establish itself as the “home of The People’s Coins,” reinforcing its commitment to community-driven crypto assets.
Bitcoin DeFi has experienced exponential growth recently, with the total value locked (TVL) in the sector surging from $900 million to over $4 billion in just a month, according to DefiLlama.
GOAT Network employs a system known as a sequencer, which organizes and batches transactions off-chain before submitting them to the main blockchain for final settlement. To operate a node in this system, participants must lock up at least 100 BTC. However, those with smaller BTC holdings can link their assets to a sequencer, contributing to network operations and earning yields.
