GOAT Network Introduces Sustainable BTC Yield Model to Leverage Bitcoin’s Untapped Potential
The post GOAT Network Introduces Sustainable BTC Yield Model to Leverage Bitcoin’s Untapped Potential appeared on BitcoinEthereumNews.com.
With Bitcoin mania taking over the world—not just as a store of value but also as the foundational pillar of decentralized finance (BTCFi)—GOAT Network has emerged as a pivotal BTC Layer-2. It offers Bitcoin holders a novel way to leverage their assets by allowing them to earn additional Bitcoin. This is achieved by putting their idle holdings to work without the need to sell. GOAT Network: A Gateway to Blockchain’s Most Representative Asset Bitcoin, often termed ‘Digital Gold, accounts for more than half of the crypto and blockchain market’s capitalization. It is primarily viewed as a long-term store of value rather than an asset for generating returns. Despite its dominant role in fueling the growth in the cryptocurrency market, Bitcoin has not seen widespread adoption for major activities or utilities within the DeFi space. However, times are changing, and there is a lot of excitement and development surrounding Bitcoin as the ultimate opportunity to achieve true financial freedom. GOAT Network now aims to enable users to leverage Bitcoin’s potential in a truly diversified way. Most recently, the project released the beige paper detailing its bold plan to leverage technologies like decentralized sequencer, BitVM2, and zkVM. These innovations are designed to meet the immediate needs of BTC L2 solutions and help expand Bitcoin’s ecosystem. The BTCFi Market and Ecosystem For the past decade and a half, the only way to engage with Bitcoin was to buy this digital gold at market value or invest in custom mining machines to mine it. Until now, Bitcoin has largely been a passive asset. Goat Network aims to transform Bitcoin into an active asset by building a decentralized, BTC-based financial market fueled by BTC yield. It allows Bitcoin holders to generate sustainable BTC yield in a secure and miner-friendly way. This model starts with revenue…
Filed under: News - @ August 27, 2024 4:23 am