Dogecoin Users to Stake Tokens for Fixed BTC Returns
Bitcoin layer-2 network GOAT has announced that it will soon allow Dogecoin (DOGE) users to stake their tokens for fixed BTC returns.
Earning Passive Income in BTC
According to Coindesk, GOAT will offer Dogecoin holders the opportunity to earn passive income by staking DOGE. This innovative feature allows users to lock up their tokens without having to sell them.
Expanding Memecoin Support
The GOAT Network team indicated plans to support additional memecoins in the future, enabling users to earn even greater rewards on their DOGE investments.
Choosing Dogecoin
GOAT cited Dogecoin's longstanding history, strong community, and bullish sentiment as reasons for its selection. The team emphasized the resilience of Dogecoin investors during market volatility.
Quote from GOAT Network Team:
"Dogecoin investors can now earn Bitcoin, which is being widely adopted by organizations and nations. That's why we've added Dogecoin to our growing ecosystem."
GOAT Network Overview
GOAT Network, whose mainnet is yet to be deployed, facilitates BTC staking for network rewards.
Dogecoin's Recent Surge
Dogecoin has experienced a 145% price increase over the past month due to the popularity of the Department of Government Efficiency (DOGE), a non-profit organization linked to Elon Musk.
Disclaimer: This information should not be construed as financial advice.