Boost Your Dogecoin Earnings: New Bitcoin Layer-2 Brings Yield Farming for DOGE

Bitcoin layer-2 platform GOAT Network is set to allow dogecoin (DOGE) holders to stake their tokens and earn fixed BTC yields, with plans to expand into memecoin-based DeFi applications for even larger rewards in the near future.

Currently focused on BTC staking, GOAT’s soon-to-launch mainnet will support a variety of decentralized finance (DeFi) services, enabling participants to trade, lend, and earn while maintaining control of their assets. The inclusion of DOGE aligns with GOAT’s vision of creating an accessible and diverse ecosystem for crypto enthusiasts.

DOGE has seen a 100% price surge over the past month, fueled by the buzz surrounding the Department of Government Efficiency (D.O.G.E.) and its ties to the coin’s widespread community appeal. GOAT chose DOGE due to its vibrant community and enduring popularity, describing it as a “natural fit for the next evolution in DeFi.”

“This integration offers Dogecoin holders a way to generate passive income in BTC while staying committed to their DOGE holdings, capitalizing on BTC’s growing adoption by institutions and nations,” the GOAT team said.

Bitcoin DeFi has seen a dramatic rise recently, with total value locked (TVL) increasing from under $1 billion to over $4 billion in just 30 days, according to DefiLlama data.

GOAT Network leverages a sequencer system that processes transactions off-chain before finalizing them on the Bitcoin blockchain. While node operators need to lock a minimum of 100 BTC, smaller contributors can link their holdings to sequencers, participating in network operations and earning rewards.