What is the significance of GOAT including DOGE in the list of staking assets for the decentralized Sequencer?

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4 hours ago

Seeing @GOATRollup include $DOGE, the longest-standing and strongest community consensus MEME Coin, in its list of decentralized Sequencer staking assets, while not a BIG NEWS, carries extraordinary significance:

1) DOGE, known as the "joke coin" and filled with irony and satire, is the first generation MEME coin that has received full "empowerment" from other hardcore technical projects in the Crypto field.

DOGE holders can stake their tokens in the decentralized Sequencer system of the GOAT network to earn native BTC rewards. By choosing "Thanksgiving" day, the GOAT Network embraced $DOGE, sounding the rallying call for this round of the MEME Cycle. From now on, hardcore technical projects and MEME COINS are no longer completely isolated; technical consensus and social consensus are attempting to merge.

2) The upcoming mainnet launch of GOAT Network, backed by @ProjectZKM, is the first BTCFi application with features such as a native secure cross-chain bridge, the first decentralized Sequencer system, and OCP optimistic challenge proofs based on BitVM2. It can be seen as a representative of hardcore technical projects in the BTC ecosystem.

3) The inclusion of $DOGE as a staking token may be due to two possible reasons:

  1. DOGE and BTC share the same token standard and technical framework. The security of the GOAT network relies on native $BTC staking, and similarly, $DOGE can be included for dual security assurance. (Inclusion criteria: over 10B FDV and over 300,000+ token holders)

  2. Although the GOAT network can provide sustainable yield returns for BTC assets, it is willing to actively embrace MEME and the large community behind DOGE Coin. GOAT has taken the first step to open a new application paradigm for MEME coins. Many projects want to embrace MEME, but finding a way to integrate without being abrupt and in a complementary manner is quite rare.

4) In the design of the security economic model of the GOAT network, the POS staking system provides network security assurance. Users/nodes can stake BTC or other consensus assets to join the equity node queue of the decentralized Sequencer, thereby enjoying the native rewards provided by the GOAT network, as well as the potential high returns from the larger BTCFi ecosystem on GOAT in the future. As a representative of the general ZK-Layer2 BTC layer2 network, GOAT's demonstrated cultural inclusivity towards technology and the MEME community is commendable.

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