THE FOUNDERS

GOAT.NetworkThe Founders Club Program

Learn how to build with GOAT

For Bitcoin Layer 2 Developers Solutions

GM Builders

We welcome you to the GOAT Network’s Founder Club and are excited to be building with you to revolutionize Bitcoin (UTXO). Our team of financial experts and world-class tech professionals believes that by leveraging Layer 2 blockchain technologies, we can scale Bitcoin with the power of cryptography alone. We are bullish on Bitcoin’s bright future, not only as a digital monetary supply but also as a means of transferring information around the globe. The energy yield that Bitcoin generates for traditional markets is now being realized as a potential opportunity in 2024—and it’s almost 2025! We are living in great times as developers, especially those who have been busy working in the open-source community. We welcome awesome projects to the GOAT Network, a Bitcoin-staked decentralized sequencer.

Bitcoin is the GOAT

learn about goat network economics

GOAT NETWORK has developed a Bitcoin Layer 2 solution that integrates an Ethereum Virtual Machine (EVM). The GOAT Network uses its own native Wrapped Bitcoin gas token, goatBTC. This 1:1 BTC token can be used for staking, which in turn generates yield tokens, $yBTC and the $GOAT ecosystem token.

Bitcoin staked on the Bitcoin Locking Script is managed by a decentralized set of sequencers running the GOAT Network’s Ethereum execution environment. This Layer 2 scaling solution enables the efficient sequencing of large Bitcoin transaction volumes with minimal Satoshi expenditure. Consequently, Bitcoin can achieve a larger than average total value lock (TVL) and transaction volume’s through decentralized sequencers;, thereby mining more Bitcoin yield on the Bitcoin blockchain but in the form of goatBTC and GOAT ERC20 token.

Developer Resources

Check Out our How to Get Started Section in our Developer Documentation

CHECK OUT

GOAT Decentralized Sequencer

to read about Goat Sequencers

Tools coming to GOAT

Web3 Development

Remix, Online/Web3 Solidity Development IDE > Ganache, a personal Ethereum blockchain which you can use to run tests > Hardhat, Local Solidity Development Tool for Visual Studio Code > Foundry, Local Rust / Solidity Smart Contract Development for any IDE (VSCode) > Crypto Zombies, Learning Solidity 101 > Waffle or Brownie, Smart Contract Testing Suite for any IDE (VSCode) > Visual Studio Code, we highly recommend plugging in the Solidity, Dependi, and Hardhat extensions. > Build GOAT Systems in rust using Ethers-rs or Alloy

Build Goat DApp’s

Web3JS

EthersJS

GOAT.Network Github

Native GOAT Tokens

Tokens Generate BTC Yield on GOAT.Network

GOAT Token TYPES

goatBTC

Gas Token

$yBTC

Yield Token

$GOAT

Minted from staked Gas or Yield tokens. This may also come from the “mining reserve”.

Boostup yield reward with GOAT Layer 2 staking

Staking $GOAT we can boost our token yield rewards!

Staked goatBTC returns $yBTC which earn the user incoming gas fees in goatBTC and the network’s mining rewards in $GOAT Tokens.

$yBTC is the yield bearing token for staking goatBTC, and the yield earned is allocated in goatBTC and $GOAT on goat.network layer 2.

Bridge & Yield: Bitcoin Layer 1 Staking!

Staking $BTC we mint a the 1:1 goatBTC

Staking Bitcoin to the Decentralized Sequencer earns both goatBTC and $GOAT. Bridge Bitcoin to the Goat network using the native bridge

GOAT .Network | Developing

Although the concept of Bitcoin Layer 2 protocols are still relatively new, here are some initial concepts we encourage GOAT Network Contributors to imagine creating. DeFi projects on GOAT’s can make use of its unique Native Yield Assets [$goatBTC, $yBTC, $GOAT]. Your new idea could change bitcoin forever. Take advantage of GOAT’s Ecosystem’s Native Token $GOAT, which can be used for massive Interoperability thanks to the native ZKM Bridge integration on the network. goatBTC may be staked to earn yield ($yBTC); but goatBTC is commonly used for the network gas/fee’s and solidity smart contract emissions.

Insuring Perpetual Exchanges

READ MORE - DYOR

>> Compounding | Re-Staking <<

Liquid Staking/Restaking tokens provide yield generation in any token form | ERC20, 721, 1155. ( uniquenft, opensea.io, compound, eigenlayer, exocore )

Bitcoin Bond Markets

>> BTC Wrapped Principal Tokens (PT) and a Yield Tokens (YT) <<

Assets that generate yield for any primary and or secondary marketplace (e.g., pendle.finance, sense.finance, hyperdrive.box)

Decentralized Exchanges

>> Bitcoin + Anything with Solidity <<

Bitcoin Stake + ERC Token Staking/Pairing/Exchanging/Swapping.

Any existing permissionless marketplace using Ethereum (e.g., uniswap, jupiter, osmosis, pancakeswap, avalon)

Understanding GOAT Tokens

The $yBTC is a tradable yield-bearing token whose value is composed of two parts: the underlying staked BTC (1:1) and its sequencer rewards (for delegating that BTC into the sequencer).

$yBTC includes the underlying goatBTC and the yield.

goatBTC: This native 1:1 BTC gas token is the unit of measurement that can be used for automated staking/re-staking purposes or for gas/fee payments on the GOAT network.

$GOAT: This ecosystem token is unique to the GOAT network and is NOT used as gas. However, it can be used for sequencer reward redemptions and earnings. It can also be used to stake into sequencer nodes to boost the yield.

By staking goatBTC tokens, you can earn sequencer rewards after staking Bitcoin directly to the sequencer, by bridging from the Bitcoin Layer 1 to the GOAT Network Layer 2, or by staking Bitcoin directly to the sequencer.

GOAT Mainstreaming Bitcoin

Bitcoin Yields:
Protocols can now generate regenerative Bitcoin yields by staking to the Layer 2 network. This allows for the development of Bitcoin Layer 2 protocols that create a proof of stake layer on top of Bitcoin's proof of work scripting system, BitVM2. To see an example of how liquid staking tokens work, check out how Metis enabled staking for Ethereum at Metis Sequencer Mining. Other notable mining protocol’s built for yield generation include (Artemis Finance, ENKI, Lido Staking)

Decentralized Sequencer Governance:
GOAT has made significant innovations in the Ethereum Layer 2 tech scene with their decentralized network, Metis, which offers record-high transaction speeds and affordable transaction costs on Ethereum’s Layer 1. This is achieved through their Decentralized Sequencer Governance. GOAT aims to accomplish the same for Bitcoin, enabling a decentralized Layer 2 Optimistic Challenger Network to secure Bitcoin staked on the Bitcoin Layer 1.

Advancing Blockchain Interoperability with zkMIPS Entangled Rollups:
At its core, the GOAT Network uses a highly efficient zero-knowledge prover system (ZKM) that relays messages across multiple blockchains with liquidity, such as Ethereum, Cosmos, and Metis blockchains. As GOAT Network gains adoption, the network will evolve to be a universal layer 2 for any blockchain network thanks to it’s hundreds of decentralized sequencers proving and verifying other layer 1 and layer 2 network bridged message transfers. To learn more about GOAT’s ZKM, you can check out our page here to discover more → https://www.zkm.io/

“

The UTxO ledger model, battle-tested by Bitcoin, remains the gold standard for security and scalability. The UTxO alliance is an important step towards ensuring that it will be the gols standard for interoperability, too.”

- Manuel Chakravarty, Lambda Scientist Plutus Architext IOHK

Solidity Smart Contracts for Bitcoin:
Bitcoin's current limitations in scaling into new primary and secondary markets stem from its inability to be securely tokenized. However, with advancements in Ethereum technology and the widespread adoption of cryptographic tools like Zero Knowledge Proofs, we are optimistic about Ethereum’s continued open-source development. These advancements enable the creation of highly efficient Layer 2 ecosystems that allow projects to remain decentralized and permissionless.

Open Source Infrastructure:
Bitcoin is known for being a completely transparent and public protocol. GOAT Network provides public infrastructure that allows anyone to record their Bitcoin transactions either publicly or privately. We believe that networking should be fair and less restrictive to support public goods and open-source infrastructure. Therefore, it’s important to note that GOAT Network will remain public and cannot technically ban or eliminate instances or traces of network activity. Decentralized Sequencers are optimistically challenged to track double spending, side-channel attacks, and DDoS attacks, ensuring guaranteed uptime and secure performance. If Sequencers/Validators do not follow GOAT guidelines and protected governance procedures, their 100 $BTC stake can be automatically slashed. To read more about how Decentralized Sequencer Governance works and the current safeguards in place to protect network participation, please visit this link.

Discovering GOAT Network Secure, Scalable, Sustainable

GOAT Network combines Bitcoin's time-tested security with advanced Layer 2 solutions. It offers a unique mix of safety features, efficient transactions, and accessible development tools in the blockchain space. It's fast and cost effective! it supports bitcoin maximalism efforts! it's interoperable! it's permissionless! It's dev friendly and it's a new opportunity.

“

While it is well-know that UTXOs are better for blockchain scalability and simpler offchain protocols, extended UTXO model also allows for novel on-chain DeFi constructions with interesting properties.”

- Alex Chepurnoy, Ergo

The Security Triad for Unparalleled Safety for Bitcoin Assets

Rollup Technology: Bringing the network Massive Scalability!

Optimistic Challenge Process (OCP): Ensures safe withdrawals with minimal trust. Allows safe withdrawals even if only one participant is honest, built on BitVM2 and ZKM.

Decentralized Sequencer: Prevents attacks through a locking and slashing system.

The Only Sustainable Bitcoin Yield Generation

Decentralized sequencers establish a market where BTC holders can earn sequencer revenues (gas fees in BTC and mining rewards in GOAT tokens).

These sequencer revenues can be tokenized into yBTC/pBTC/yToken, which not only generate additional returns on BTC but also create an innovative BTC bond market for stakers, hedgers, arbitrageurs, and speculators.

By locking GOAT tokens, investors can boost their rewards from sequencer revenues, earn goatBTC mint/redeem fees in BTC, and receive ecosystem rewards such as airdrops from other projects on the GOAT Network.

It's not cool unless it's using Cutting-Edge zkVM Technology

ZKM: Improves transaction efficiency and throughput, #MIPS Compresses transactions for faster processing and lower costs!

Developer-Friendly: Supports popular languages like Golang and Rust — As for Ethereum devs they can still deploy contracts using Solidity.

Highly Efficient Architecture: GOAT Network uses parallel processing to generate proofs simultaneously, significantly boosting Layer 2 performance and scalability.

GOAT .Network
Founders Club Acceleration Program

STAGE 1: JOIN NOW | GOAT FOUNDER’S CLUB

Begin the GOAT Builder Application Process → GOAT BUILDER CLUB APPLICATION

After your application is reviewed, you will receive an email with an invite link to the Private GOAT Builder Club Telegram Channel.

You will then be invited to the Founders Point Submission Forum to start on either Track 1, 2, or 3 for project funding and incubation paths.

Once you're in the GOAT Club, GOAT Network’s Developer Relations and Core Contributors will connect you with the right resources to build your project or facilitate team collaboration.

STAGE 2: RAISE | GOAT FOUNDER’S CLUB

Total Fund: 10,000,000 points 
Complete Challenges and earn points

Typical hackathon and Goat Club Bounty’s: 25,000 ~ 100,000 points

Individual Contributor (Min/Max): 80,000 ~ 200,000 points

Team Package (Min/Max): 300,000 ~ 500,000 points

Track Vesting, Payments (Min/Max): 30,000 ~ 75,000 points/month

Choose Your Project Track!

TRACK 1 Request to build a Project on GOAT

Develop new and innovative projects on the GOAT Network with the completion of the protocol deployed on GOAT network.

The types of RFPs we will launch:

Perpetual Exchanges – Perps

Bitcoin Future Contracts – Derivatives

Bitcoin-backed Art – NFTs

Retail, Gaming, Memes – New Tokens

Bitcoin-Backed Yield Generation Funds – YieldFi

Bitcoin Staking/Exchange & Liquid Pairs – LST, DEX

Bitcoin Prediction Markets – Web2/Web3

Bitcoin Interoperability – Bridging, Restaking

Runes Collections

TRACK 2 Retroactive Rewards Program

Increase Total Value Locked (TVL) and maintain consistent transaction volume. Meet specific TVL and transaction milestones to qualify for grant investments.

Project Vesting Ranges:

Project Types and Vesting Limits:

New Project: Up to 500,000 GOAT points

Pre-Existing Project deployed on GOAT: Up to GOAT 1,000,000 points

No Cap on Vesting: Rewards are performance-based with no strict limit. Based on previous monthly TVL and TRX accumulation, which earn points for new or GOAT original projects.

TRACK 3 User Growth Reward Program

Prioritize user growth by increasing unique daily active users (DAUs). Achieve user adoption milestones to earn rewards. Rewards are intended for your user base, not for founders personally. Receive your unique GOAT Analytics API Key, add an event handler to your smart contract to log user interactions, and use the GOAT API to get your analytics though our founders club CLI to register your contract with your DAU API key.

Monthly Adoption Milestones:

100 DAUs - 50,000

1,000 DAUs - 100,000

5,000 DAUs - 200,000

10,000 DAUs - 400,000 points

STAGE 3: Engage with the GOAT Team

Collaborate with the Developer Relations Team on Notion to refine and execute your project during Weekly Project Office Hours. In these sessions, we will:

Review your initial proposal, pitch deck, and any other relevant materials.

Outline and track your next steps to ensure progress.

Provide ongoing feedback and send follow-up communications to monitor your development. This process will determine your eligibility for earning points based on your active contributions to the challenges outlined for your chosen track.

FINAL STAGE: Launch your project’s and Redeem Points for $GOAT

Upon Mainnet launch, points will be converted into $GOAT tokens and distributed to all projects according to their contributions. You can track your point earnings and milestones through the GOAT Founder Club [Notion]