GOAT Network Overview: Redefining Bitcoin Layer 2
#GOATNetwork presents a different approach to Bitcoin scalability and programmability—one that doesn't replicate Ethereum's model but instead builds directly from Bitcoin's design principles.
$GOAT is a Bitcoin-native ZK Rollup with fraud proofs, decentralized sequencing, and a trustless bridge—scaling BTC without custodians or off-chain trust.
Key components:
– zkMIPS: ZK VM for MIPS enabling efficient, provable smart contracts on Bitcoin
– BitVM2: Live fraud-proof system with sub-24h dispute resolution
– Decentralized Sequencer: Rotation-based, permissionless, and censorship-resistant.
– Trustless Bridge: On-chain exits, no wrapped BTC or external validators
BTC Yield Without Custody
GOAT introduces an on-chain BTCFi model offering 2%–30%+ APY directly in BTC. Yield sources include:
– Gas from L2 activity
– MEV strategies
– Miner-aligned incentives
– Applications in trading, gaming, and other decentralized services
Team & Origins
GOAT’s team pioneered decentralized sequencers on Ethereum L2 with Metis (200x token rise). Now they’re applying that expertise to Bitcoin, building a truly decentralized and programmable BTC ecosystem.
BuildKey: Alternative to VC-Driven Launches
Instead of private rounds, GOAT uses a system called BuildKey—a tradable token tied to future supply. No lockups, no special terms.
Each BuildKey entitles the holder to a portion of the 0.12% token pool, but the exact redemption ratio fluctuates with market sentiment:
🟢 At Stage 3, each BuildKey redeems for 0.000005% of the supply
⚪️ At Stage 2 (current stage, ~$5.48/Key), each redeems for 0.000004%
🔴 At Stage 1, it adjusts down to 0.000003%
At ~$5.48 per Key, GOAT’s implied FDV is ~$137M—well below the typical $300M–$500M for BTC Layer 2s.
Status & Links
– BitVM2 testnet is live: https://bitvm2.testnet3.goat.network
– Whitepaper: https://goat.network/BitVM2-whitepaper
– Pre-market launch: https://trade.aspecta.ai/projects/GOATNetwork
– Yield portal: https://yield.goat.network