How to Increase Your Earnings on Dogecoin: Using Bitcoin Layer-2 for DOGE Yields

If you’re eager to get more out of your Dogecoin holdings, you’re in luck! A Bitcoin layer-2 network called GOAT will soon allow DOGE users to stake their tokens and earn fixed yields in BTC. And that’s not all – the network has plans to roll out memecoin-based financial applications in the future, offering users the opportunity to earn even greater rewards on their DOGE investments.

Although the mainnet for GOAT Network is not yet live, users have been able to stake BTC to earn rewards on the network. This process, known as staking, allows bitcoin holders to participate in various decentralized finance (DeFi) activities like lending and trading without giving up ownership of their assets. With DOGE prices skyrocketing in the past month due to an Elon Musk-linked trade and the rise of the Department of Government Efficiency (D.O.G.E.), now is the perfect time to explore new ways to maximize your DOGE holdings.

The GOAT Network team cited Dogecoin’s vibrant community and the coin’s readiness for the next phase of its journey as key reasons for choosing it as part of their ecosystem. By offering DOGE staking, the network aims to provide a way for Dogecoin investors to weather the volatility of the crypto market while earning digital gold. In the words of the team, GOAT Network is positioning itself as the “home of The People’s Coins” with the addition of Dogecoin.

Bitcoin DeFi has been gaining momentum in recent months, with the total value locked in the space surging from $900 million to over $4 billion. GOAT Network employs a unique system called a sequencer, which sorts and groups transactions off the main blockchain before final processing. To operate a node in this system, an entity must lock up at least 100 BTC. However, even those with smaller holdings can still link their assets to a sequencer to help run the network and earn yields.

So, if you’re looking to make the most of your Dogecoin investments, keep an eye on GOAT Network for exciting opportunities to stake your DOGE tokens and earn rewards in BTC. With the crypto market constantly evolving, there’s never been a better time to explore new ways to grow your digital assets.