Mario F. Pazos is the advertising and marketing lead on the memorably named GOAT Community, the primary BTC L2 to supply a sustainable yield.
Why it’s best to hear
BTC serves as a retailer of worth, providing fewer alternatives for yield technology in comparison with different cryptocurrencies, like Ethereum or stablecoins. This restricted utility in DeFi functions has resulted in decrease returns for BTC holders.
BTC holders have critical considerations when their BTC strikes to a different chain. The safety of Bridges and BTC Layer2 must be addressed given the restricted functionalities of BTC scripts.
GOAT Community goals to unravel this by way of its decentralized sequencer, the important thing to GOAT community’s equity and censorship resistance. A local Bitcoin Script based mostly Locking mechanism can also be launched to ensure GOAT Community is proof against Lengthy-Vary Assaults.
GOAT community’s OCP(Optimistic Problem Course of) is constructed on BitVM2’s permissionless bridge protocol and permits any computation off-chain to be verified on Bitcoin with Continuation methods. Impressed by ZKM’s proof community, splits the SNARK verifier into a gaggle of subscripts, and the subscripts are dedicated by MAST and Taproot on Bitcoin.
Decentralized sequencers create an open market to earn sustainable sequencer income (in BTC and GOAT Tokens).
Sequencer income will be tokenized with a view to commerce and generate further returns. BTC holders can lock BTC on L1 to mint goatBTC on GOAT BTC L2; goatBTC can be utilized for yield technology.
GOAT token lockers earn further goatBTC mint /redeem charges.
Extra methods to generate sustainable yield by way of Defi, Cefi and Tradfi are on the best way.
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