GOAT introduces a tokenization system where sequencer revenue is transformed into composable assets. 🔸yBTC (name may vary by dApps), the yield-bearing BTC, is the starting point. 🔸After locking BTC, yBTC can be split into pBTC as principal and yToken as the pure yield claim. 🔸Principal and yield now move independently. Each side can be traded, held, or merged again. What can you do with that split • Hold pBTC and sell yToken for upfront cash while keeping full BTC exposure. A miner, treasury, or long-term holder can cover expenses today without touching principal. • Buy yToken only when you feel network activity will rise. You gain exposure to future BTC yield without holding principal. • Recombine pBTC and yToken back into yBTC for a clean yield-bearing position. • Use pBTC as conservative collateral and keep yToken for upside on usage and MEV. • Users choose between stability, speculation, or liquidity without leaving Bitcoin. The split gives real control over principal and...
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