The Complete User's Guide to GOAT Network

gm gm to all new GOAT Network users, Yappers, anyone who just claimed or is about to claim their GOATED token airdrop, and long-time followers who haven't yet gone deep into our network and ecosystem!

While some crypto users buy tokens and don't actually interact on chain, we believe those users are missing out. GOAT Network's unique value proposition is to give BTC holders the ability to earn real BTC Yield, backed by native Bitcoin security.

Unlocking the full value of the GOAT ecosystem and GOATED means getting the full picture of what you can do on our chain, how you can best deploy your BTC, and how the GOATED token plays a key role in amplifying our already strong BTC Yield proposition.

With that in mind, let's walk through all the steps needed to use GOAT Network, from bridging to swapping to staking, and more.

Q: I'm a Yapper or on-chain user who's eligible for a GOATED airdrop. How do I claim?

A: Our Airdrop Claim Guide can be found here: https://docs.goat.network/users/airdrops

Q: How do I get the gas needed to make my claim?

A: The first thing you need to know is that the gas token on GOAT Network is BTC. That's native BTC, not for example, BTC from BNB Chain (which is called BTCB).

There are a few ways you can get enough BTC necessary to claim your airdrop, and make other transactions on GOAT Network.

Onto how to get that BTC gas:

  1. For users who've never bridged into GOAT Network, bridge in at least $50 worth of BTC, BTCB (from @BNBCHAIN) or DOGEB to GOAT Network using our native bridge, bridge.goat.network. You may also bridge at least $50 worth of USDT, USDC, or WETH via our third-party bridge partner, Stargate.finance. You'll automatically get airdropped enough BTC to make your first swap on GOAT Network. To swap, use our chain's Uniswap v3 DEX, Oku.trade. There, you may swap your BTCB, DOGEB, USDT, USDC, or WETH to BTC. We recommend acquiring at least a few dollars worth of BTC, to cover all BTCFi transactions you'll want to make on our chain.
  2. Users can top up BTC using the Bridge → Receive feature at bridge.goat.network. Simply generate a BTC deposit address with the EVM address, then transfer BTC to this deposit address. The received amount will be credited to the GOAT EVM address. Note: The minimum credited amount is 0.0002 BTC. Deposits below this threshold may be lost and cannot be recovered. The GOAT Bridge user guide can be found at https://docs.goat.network/users/bridge
  3. Use our third-party partner gas fee app gas.zip, select GOAT Network, and pay for a few bucks worth of BTC.

Q: I claimed, but I can't see my claimed GOATED tokens in my wallet. What's up with that?

A: In your wallet app (OKX Wallet, MetaMask, etc), enter the contract address for the GOATED token, which is 0xbC10000000000000000000000000000000000001 -- you'll see your token balance after you do that.

Q: Great! Now what do I do with these GOATED tokens?!

A: GOAT Network gives you the opportunity to stake your GOATED or BTC, and earn yield in both BTC and GOATED tokens.

To stake:

  1. Go to the native staking app on GOAT Network, @Artemisfinance, found at artemisfinance.io/stake-goat
  2. You'll see a button labeled Stake, and a drop-down menu with a list of different tokens you can stake. The default shown token is BTC.
  3. Enter the number of tokens you want to stake, then press Stake. You'll be prompted to approve the transaction, then stake. That's it!

Q: What's the APR on staking GOATED and/or BTC on GOAT Network right now?

A: APRs will vary based on various factors, in particular network activity. At the moment, staking APR is around 180%, payable partly in BTC, with a larger portion of the yield coming in GOATED tokens.

Q: How often do rewards accrue, and how long is the mandatory staking period?

A: Rewards accrue daily. And there is no minimum staking period, you can unstake at any time! The yield you earn will be calculated based on the annual APR and how long you staked.

Let's use a simple example. Say the APR is 100%. So in that scenario, if you staked $10 worth of GOATED tokens for 1 year, you would earn  $10 worth of yield, some of it in BTC, and the larger portion of the yield in (more) GOATED tokens.

Q: What are some of the other activities I can perform on GOAT Network to earn yield, have fun, or both?

A: GOAT Network offers an on-chain rewards program called the One Piece Project. One Piece lets you interact with various apps on GOAT Network, and earn rewards.

One Piece is currently in Season 3, which continues past TGE! You can continue to earn whenever you interact with GOAT apps and GOAT socials. (The current Season 3 will eventually give way to a new Season 4, date TBA.)

Ape into One Piece at OnePiece.GOAT.network

Q: What are some of these apps you're referring to?

A: Start by perusing our ecosystem of decentralized apps, which you can find here: GOAT.network/ecosystem

Our ecosystem is divided into two major categories: Earn and Play

If you want to Earn BTC Yield, here are some of the most notable apps on our chain:

EARN

@Artemisfinance: Mentioned above, Artemis is GOAT Network's native staking app. Stake GOATED and/or BTC, and earn yield in both BTC and GOATED. Current APR is around 180%(!). After you stake on Artemis, you receive a liquid staking receipt token (LST) called artBTC. You can use your artBTC in lots more apps on our network to earn even more yield (see below). artemisfinance.io/stake-goat

@pell_network: Once you've staked your GOATED and/or BTC tokens, seasoned DeFi investors may want to earn even more yield. Pell is a BTC restaking app that lets you take your artBTC and restake it for even higher yield. Pell.Network

@avalonfinance_: A BTC borrow/lend app on GOAT Network. If you want to stake BTC for yield and want to have more BTC on hand, you can borrow more at Avalon (note that borrow/lend activities come with risk, based on token volatility). avalonfinance.xyz

@sumermoney: Another BTC borrow/lend protocol that enables you to go deeper into BTCFi strategies on GOAT Network. Here's an example of how you can loop on Sumer to accelerate yield:  https://x.com/SumerMoney/status/1970157354340774095 -- sumer.money

@Okutrade: GOAT Network's Uniswap v3 DEX deployment, officially approved by Uniswap Governance -- here, you can swap tokens, provide liquidity in exchange for yield, and more. Oku.trade

@GOATSwap_fi: Another multi-use native DEX on GOAT Network, built by the creators of @spookyswap. GOATSwap.fi

@stablejack_xyz: A yield, points, and volatility market that lets you make bets on different assets. For example, you can bet on GOATED yield vs. BTC yield on GOAT Network. Think of Stable Jack as @pendle_fi on steroids. :) stablejack.xyz

PLAY

GOAT Network's GameFi projects include:

@GOATRocketio: Bet on the fate of our ridiculously cute baby goat, with 2x, 4x, or 8x leverage, with a chance to earn BTC rewards. goatrocket.io

@Scoremilk: Play a wide variety of old-school games and earn a chance to win BTC Rewards. Special Tournaments on GOAT Network every Monday and Friday, at 5 pm ET/9 pm UTC. scoremilk.com

@SatoshiGOATAI: GOAT Network's on-chain AI bot, it answers any and all questions you can possibly have about GOAT Network, and also gives you a chance to earn BTC rewards for various quizzes and interactions. satoshigoat.xyz

Q: You keep mentioning BTC Yield. Is this real BTC? Where does the BTC Yield on GOAT Network come from?

A: The gas fee on GOAT Network is BTC, meaning if you interact with an app, you pay a few cents worth of BTC to make that transaction. All of the gas fees we collect are then shared back with the community at large, as a reward to the stakers who stake their BTC to secure our network. The more transactions that occur on our chain, the higher the Bitcoin yield for takers.

So: If you stake BTC, you earn BTC. The staking yield rate varies depending on network activity. So as our network and user base grow, so too does the yield that users can earn.

Check out more details about our one-of-a-kind economic model at https://www.goat.network/btc-sustainable-yield-network-economics

Q: I'm a developer who wants to build a cool new app on GOAT Network. How do I get started?

A: While GOAT Network's gas token is BTC, we are still an EVM-compatible chain. This makes it super fast and easy for devs with experience in Solidity and other languages to deploy apps on our network. Dig into our stack, and how to build, at docs.goat.network

Q: Where can I buy/trade GOATED tokens?

A: We never give financial advice, and as GOAT Core Contributor @kevinliub recently wrote, we're always focused on long-term goals such as building the best, most secure BTCFi ecosystem. We don't control token price, and short-term price fluctuation has no impact on our commitment to build for years to come. https://x.com/kevinliub/status/1971764040054854046

With that said, the GOATED token is currently listed on GOAT Network on the Oku DEX (Oku.trade), on @pancakeswap (BNB Chain) via Binance Alpha, and on the following centralized exchanges: @Gate @MEXC_Official @cryptocom, with another listing on @krakenfx coming soon. We will announce more CEX listings when they happen (and not before).

Q: What's the utility of the GOATED token?

A: The GOATED token carries numerous utilities. As noted above, you can stake GOATED and earn BTC. By extension, GOATED is also a yield-boosting token, meaning when you stake BTC on GOAT Network, you earn both BTC Yield and GOATED Yield. Future utilities will include governance power, and more. Read more at: https://www.goatfoundation.io/blog/introducing-goat-foundation-plus-details-on-the-upcoming-goated-token

Q: Roadmap?

A: With Q4 about to get started, our biggest focus is on advancing our BitVM2 technology, clearing the way for GOAT Network to inherit Native Bitcoin Security. Read our BitVM2 Whitepaper here: https://www.goat.network/bitvm2-whitepaper

Also look for a number of exciting, new BTCFi dApps to launch soon.

Plus more cool stuff that we can't talk about yet, coming soon.

Q: How do I keep tabs on GOAT Network moving forward?

A: Follow us on X at @GOATRollup, join our Telegram community at t.me/GOATRollup, and join our Discord channel at https://discord.com/invite/goatrollup

And hey, our DMs are always open here on X. Drop us a line, ask questions, and keep our Intern company.

Thanks for supporting GOAT Network. We're excited to take this journey with you for years to come. LFGOAT.

Back to the Blog
The Complete User's Guide to GOAT Network
Oct
03
By
GOAT
SHARE ON
Related Articles