The network has plans for additional memecoin-based financial applications later for users to earn “even greater rewards” on DOGE holders.
Bitcoin layer 2 GOAT Network will soon let dogecoin users stake their tokens to earn fixed yields in BTC.Bitcoin DeFi has surged in the past months on various catalysts. Just a month ago, the total value locked in the space was near $900 million, which has now surged past $4 billion
GOAT Network, whose mainnet is yet to be released, has so far let users lock up BTC to earn network rewards in a process colloquially called staking. The network’s ecosystem — when built — will let bitcoin holders participate in various decentralized finance , such as lending or trading, without giving up ownership of their assets.Besides its “long, colorful, and wildly successful history,” the GOAT Network team said it chose dogecoin for its strong “community vibe that has now a U.S.
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