GOAT Network, an innovative Bitcoin layer-2 platform, is set to unlock new opportunities for dogecoin (DOGE) holders by enabling them to stake their tokens and earn stable BTC yields. The platform also teased the launch of additional memecoin-based financial tools, offering DOGE enthusiasts the potential for even more lucrative rewards.

Known for supporting BTC staking, GOAT Network plans to expand its ecosystem with decentralized finance (DeFi) options such as lending and trading. These developments aim to give DOGE holders new ways to grow their holdings without relinquishing their tokens.

DOGE has seen an extraordinary 30-day price surge of over 100%, driven by social media hype and attention surrounding the U.S. Department of Government Efficiency (D.O.G.E.). GOAT Network is capitalizing on this momentum, citing DOGE’s vibrant community and its enduring appeal in the crypto space.

“Dogecoin is more than just a memecoin; it’s a movement. By integrating DOGE into our system, we’re creating a platform that supports both its community ethos and its potential as a serious digital asset,” the GOAT team shared in a statement.

Bitcoin DeFi has experienced explosive growth, with the total value locked (TVL) skyrocketing from $900 million to over $4 billion in just a few weeks, according to DefiLlama. GOAT Network’s upcoming mainnet launch aims to leverage this trend while catering to DOGE’s passionate user base.

The network uses a sequencer-based model to process transactions off-chain before settling them on the Bitcoin blockchain. Operators need to lock a minimum of 100 BTC to run a node, but smaller participants can link their assets to these nodes, allowing them to earn yields while helping secure the network.