Looking to Earn More on Dogecoin? This Bitcoin Layer-2 Will Use DOGE for Yields

2024-11-29 11:13

Bitcoin layer-2 network GOAT will soon let dogecoin (DOGE) users stake their tokens to earn fixed yields in BTC, with plans for additional memecoin-based financial applications later for users to earn “even greater rewards” on DOGE holdings.

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 (DeFi), such as lending or trading, without giving up ownership of their assets.

DOGE prices have more than doubled in the past 30 days on an <a href="https://www.coindesk.com/markets/2024/11/10/dogecoin-flips-xrp-as-elon-musk-linked-trade-keeps-on-giving/" target="_blank">Elon Musk-linked trade</a> and the virality of non-governmental agency Department of Government Efficiency (D.O.G.E.)

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. government agency called D.O.G.E. named after it,” and the coin being “ready for the next phase of its journey.”

“This way, Dogecoin investors can weather the volatility of crypto without paper-handing DOGE before its time has come and, in the process, earn digital gold, which is now being adopted by corporations, institutions, and nation-states,” the team said in a release shared with CoinDesk. “So, by adding Dogecoin to its rapidly-growing ecosystem, GOAT Network is positioning itself as the ‘home of The People’s Coins.”

Bitcoin DeFi has surged in the past months on various catalysts. Just a month ago, the total value locked (TVL) in the space was near $900 million, which has now surged past $4 billion, per DefiLlama data.

GOAT Network uses a system (called a sequencer) where transactions are sorted and grouped off the main blockchain before being sent there for final processing. To operate a node in this system, an entity needs to lock up at least 100 BTC. However, those with smaller holdings can still link their assets to a sequencer to help run the network and earn yields.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Usechain (USE) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 USE

use doge content yields layer-2 bitcoin earn

Источник: coindesk.com

use doge → Результатов: 59


Metamask Now Supports BTC, LTC, DOGE, and These Cryptos: Guide on How to Use It

Based on the extensive thread by TCB (@THORmaximalist), MetaMask’s new feature, Snaps, has just upped the game in decentralized finance (DeFi). Developed in collaboration with ShapeShift, MetaMask now supports a variety of cryptocurrencies besides Ethereum, including Bitcoin, Litecoin, Dogecoin, Cosmos, Bitcoin Cash, and Thorchain, with more to be added soon.

2023-9-13 16:30


The unending Dogecoin story and why Shiba Memu is a solid meme competitor

Shiba Memu is a self-marketing crypto project powered by AI The entry in Shiba Memu happens Dogecoin is speculated for use in Twitter payments The potential for Shiba Memu is huge due to the twin capabilities brought by AI and blockchain Will Dogecoin (DOGE) finally be used as a form of payment on Twitter? Well, […] The post The unending Dogecoin story and why Shiba Memu is a solid meme competitor appeared first on CoinJournal.

2023-7-27 13:08


Между блокчейнами Dogecoin и Ethereum может появится кроссчейн-мост

Создание кроссчейн-моста между блокчейнами Dogecoin и Ethereum добавит практической ценности мем-криптовалюте. Такое мнение высказал ее сооснователь Билли Маркус. things that add utility to #dogecoin: 1) businesses accepting doge — the more it can be used as a currency, the better 2) using doge as a tipping currency— the most pure use case that brings happiness […]

2022-4-26 11:02


Сооснователь Dogecoin призвал к созданию кроссчейн-моста с Ethereum

Создание кроссчейн-моста между блокчейнами Dogecoin и Ethereum добавит практической ценности мем-криптовалюте. Такое мнение высказал ее сооснователь Билли Маркус. things that add utility to #dogecoin: 1) businesses accepting doge - the more it can be used as a currency, the better2) using doge as a tipping currency- the most pure use case that brings happiness 3) dogecoin / ethereum bridge - allows doge to be used with web3- Shibetoshi Nakamoto (@BillyM2k) April 24, 2022 Мост позволит расширить варианты использования DOGE в сфере Web 3.

2022-4-25 15:49


Фото:

Not Even Bitcoin, Ethereum, Cardano Comes Close to Dogecoin As An Exchange Medium – Mark Cuban

Mark Cuban is one of the few billionaires that, similar to Elon Musk, is bullish on Dogecoin. The billionaire entrepreneur who among other franchises owns the NBA professional basketball team, the Dallas Mavericks, in an interview with CNBC’s ‘Make It’ segment on Friday, has called DOGE the “strongest” contender among digital currencies for widespread use […]

2021-8-16 14:45


Bitcoin, DOGE, Ethereum, USDT: Investing in one of these is literally a 'gamble' at this point

Cryptocurrencies are multi-faceted assets with distinct use cases. They can be categorized as digital properties, digital currencies, digital platforms or digital/decentralized applications. The aforeThe post Bitcoin, DOGE, Ethereum, USDT: Investing in one of these is literally a 'gamble' at this point appeared first on AMBCrypto.

2021-7-6 00:03


дальше еще 10 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru