🧐 After reading @GOATRollup's last few tweets, I found that they were talking about a very real problem
Yield on HODLing BTC: 0.00% APY
This sounds heart-wrenching, but it is indeed true. Most people buy BTC and put it in their wallets, except for price fluctuations, there is really no benefit
What is GOAT Network addressing?
Launched the Artemis protocol, which allows you to stake BTC to get a 124% APY. It sounds exaggerated, but the logic is actually quite clear:
Through the liquid staking mechanism, BTC is not really "locked", but acquires artBTC, a liquidity token, which can not only maintain liquidity, but also obtain staking income
This idea is quite interesting In traditional finance, there is interest on money in the bank, and there is income when it is placed in Yuebao. However, in the currency circle, BTC, as "digital gold", is held by everyone and does not have much income mechanism
GOAT Network is equivalent to building a "balance treasure" for BTC, allowing idle BTC to generate value
Judging from the recent ecological development trends, it is not just simple staking, but also building a complete DeFi ecosystem. Artemis, StableJack, and other dApps are all on the GOAT Network, and TGE is coming soon
I feel that they are doing things seriously, not the kind of project with a pure speculative concept. At least it solves the actual pain points of BTC HODLer
After all, who wouldn't want to make their BTC "work"?
#KaitoYap @KaitoAI #Yap #GOATNetwork
In-depth breakdown by the excellent blockchain research firm @AleaResearch on:
--How BTC has been mostly an idle asset
--What GOAT Network is doing to unlock BTC Yield potential
--How GOAT makes it all work
tl;dr -- If you don't believe us, read on to see what the experts say:
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