The cryptocurrency market is experiencing euphoria, with Bitcoin vaulting above $100,000, propelled by more than $33 billion flowing into the world’s largest crypto asset through spot ETFs.
While institutional capital and the incoming pro-crypto administration have sent the crypto king to new heights, retail has been pouring into altcoins like DOGE, which has the total market cap for all of crypto close to touching $4 trillion.
Bitcoin’s six-figure price tag, however, is leaving some retail investors feeling priced out. But the advent of Bitcoin DeFi promises to help retail investors get a piece of this trillion-dollar store-of-value pie.
Bitcoin DeFi has exploded into popularity this year, going from having just $300 million in total value locked (TVL) to now surpassing $3.58 billion. The key to unlocking further potential for Bitcoin lies in developers making BTC an active asset that allows anyone holding BTC to put it to work and earn rewards.
A prominent project helping make this reality is the Bitcoin Layer 2 GOAT Network. GOAT not only rewards BTC holders; it also rewards holders of the OG meme coin DOGE, so that a wider swath of the crypto population can take part in this wealth creation and protection. After all, BTC’s triple-digit percentage gains this year and better-than-500% uptrend since its Nov. 2022 low have outdone almost all notable altcoins.
Now GOAT Network, which helps bring scalability and transaction efficiency to Layer 1, is running a pre-mining campaign ahead of its mainnet launch.
The “Early GOAT” Pre-Mining campaign provides both BTC and DOGE holders the opportunity to earn juicy BTC mining rewards. The concept of dual-staking both BTC and DOGE to earn BTC mining rewards was introduced by the project recently, after GOAT launched public testnet.
Users who supply either BTC or DOGE will reap an annual Mining Rewards Rate of greater than 30%, payable in both BTC and GOAT points. This way, users can start building their BTC holdings, which, unlike newer and shinier coins, can be a better bet for sustained long-term success.
The campaign is currently live, and you can join by visiting the official website, premining.GOAT.network to start contributing to the BTC pool (live on the main Bitcoin network) and/or the DOGE pool, live on BNB Chain.
These boosted rewards, as part of the “Early GOAT” Pre-Mining campaign ahead of the L2’s official mainnet launch, are only for a limited time. The project has capped these pools at 20 BTC and 5 million DOGE tokens, so once these thresholds are reached, no more deposits will be allowed.
With this campaign, GOAT Network aims to get BTC and DOGE holders ready for what’s to come early next year, as the network readies for mainnet launch.
Once GOAT launches its mainnet, users will be able to supply BTC or DOGE into one of GOAT’s sequencer nodes, helping to secure the network while earning sustainable BTC yield.
After mainnet goes live, users will be able to earn even more BTC rewards with the help of BTCFi and MemeFi dApps, kickstarting a new era of sustainable Bitcoin yield and driving Bitcoin DeFi momentum even higher.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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