Let's break down both the problem, and GOAT Network's solution:
For starters, consider other Bitcoin staking solutions. A few chains and dApps both promise and deliver yield to BTC stakers.
The problem is, that yield comes in ecosystem coins; given that any and all ecosystem coins are a threat to go to zero at any time, there's a reason Bitcoiners refer to them as shitcoins.
Another method some BTC holders have used to try and earn yield on their stack is to stake on centralized exchanges.
Even if you're not much of a newshound, you've probably heard some of the misfortunes to befall centralized exchanges. Most infamously, FTX crashed due to mismanagement of funds, lack of liquidity, and an onslaught of withdrawals so huge and scary, they resembled bank runs during the Great Depression.
Well, given we've now got the U.S. government looking to establish both federal and state Bitcoin reserves made up of confiscated funds, other nations planning similar endeavors, and government overreach remaining a constant threat for as long as governments have existed, are we SURE that you won't one day see an autocrat ruling your country who makes a run at your BTC stack, claiming "national security" or a case of "mistaken identity", or whatever other excuse might lead to you getting rugged.
Not your keys, not your coins. There's a reason everyone from OG Bitcoin Maxis to crypto noobs have that phrase memorized.
Bitcoin mining is another way for BTC holders to theoretically stack more sats.
But Bitcoin mining is a brutal business. It's prohibitively expensive for anyone who's not already wealthy -- sucking up massive amounts of electricity and requiring serious labor, upkeep, and expertise.
Not impossible. But practically speaking, not a viable solution for 99-point-something percent of us.
GOAT Network makes real BTC possible, sustainable, and a team effort.
To start, we're the first Bitcoin ecosystem chain to share both network ownership and network revenue.
We do that by decentralizing our sequencers.
For a Layer 2 network, a sequencer is responsible for ensuring that everything runs smoothly. It grabs transactions from the parent chain (for example, the Bitcoin Network), batches them together, and processes those batches. The result is much cheaper, much faster transactions. (Sequencers also produce blocks and perform other essential functions for an L2 network).
Every Layer 2 network in the Bitcoin ecosystem runs on one sequencer, controlled by the company that owns the network. This creates a highly centralized structure that conflicts directly with one of Bitcoin's biggest strengths: decentralization.
GOAT Network stands alone as the only Bitcoin L2 to pass on that centralized, single-sequencer structure, and instead invite others to run our sequencer nodes.
The benefit of running a sequencer node is that you get a big say in how our network operates, and you also get a healthy slice of the gas revenue that accrues every time a user swaps tokens, plays a game, or does anything else on our network.
The gas token used to pay for transactions on GOAT Network is BTC.
As mentioned, we share our gas revenue with our sequencer node operators.
That BTC gas revenue is ALSO shared with users who stake their BTC into one of GOAT Network's sequencers; you're helping to secure our network, so you get rewarded for it.
The endgame, then, is simple: as long as ANY transactions happen on GOAT Network, there will be real BTC rewards to share with both the node operators who help us run our network, and any of you who want to stake their BTC to help secure our network, through our Proof-Of-Stake model.
There are other DeFi functions (on a Bitcoin ecosystem chain we call them BTCFi) that anyone from a user with a few bucks worth of Bitcoin to someone holding millions can ape into to earn real BTC yield.
Bottom line: the more transactions that happen on our chain, the higher the BTC yield.
That means every time you do anything on our chain, you're helping both yourself AND many new friends stack BTC!
We've created a clear, simple dashboard to help you navigate the choices we offer. For those who want to assume the least possible risk, we offer GOAT Safebox, an option that lets users hold their BTC in their own wallet, and still earn yield -- no bridging, BTCFi dApps, or any other more advanced participation required.
Got a bigger tolerance for risk? The rewards can be massive, with our current highest-yield offering being Artemis Finance (ArtemisFinance.io/stake-goat) a liquid staking protocol on GOAT currently offering an APY of greater than 100%(!) -- with 17.5% of that yield coming in real BTC rewards.
To repeat: that's real BTC (not shitcoin) yield that you can start stacking right now, without the centralization risk of a CEX or the huge expense and hassle of a mining rig.
To check out our entire suite of BTC Yield options, go to: yield.goat.network
To read all the fine details about how our sustainable yield model works, go to: goat.network/econpaper
And given that transaction volume affects yield size on GOAT, we invite you to check out our on-chain analytics at: explorer.goat.network
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