1. THREAD 🧵 Dogecoin (once valued at more than $80B) is gearing up for its next act - smart contracts. Here’s why this is a big deal and how you can take advantage:

2. In this thread, you will learn: • Brief history of @dogecoin • What Dogechain is • Why it will succeed

3. @dogecoin was released in 2014 and has captured the public’s imagination for its light-hearted vibe and cute dog meme. A community from @elonmusk to your average retail investor formed around this coin.

4. While started as a joke, Doge has become one of the largest communities in crypto and a brand name comparable to Bitcoin

5. Problem? Doge is: • Bad for the environment (Proof-of-Work) • No utility (Can only send/receive DOGE)

6. What is Dogechain (DC)? @DogechainFamily is an L2 trying to fix these problems • Good for the environment (Proof-of-Stake) • Utility (allows W3 apps to be built) • Fully compatible with ETH (Polygon Edge)

7. How? Dogechain Cross-Chain Protocol links the original Doge blockchain to Dogechain Doge holders peg their DOGE to Dogechain at a 1:1 ratio to receive $wDOGE

8. Similar to how users bridge their ETH from the mainchain to an L2 such as Polygon, once bridged, $wDOGE holders have access to the entire @DogechainFamily ecosystem

10. In addition to $wDOGE, ($DC) is the native token of @DogechainFamily . Used for: • Governance • To pay transaction fees

11. VeToken Model $DC will use the VeToken model pioneered by Curve. Each $veDC will have 1 vote in governance proposals. Staking 1 $DC tokens for the maximum time, 4 years, would generate 4 $veDC

13. Why will @DogechainFamily succeed? Memes have become their own sector within crypto alongside DeFi, NFTs, & stablecoins. They capture the imagination of investors unlike anything else in crypto. Yet, the market for memes is in its infancy.

14. There is a huge appetite to escape from the seriousness of politics and the toxicity of social media For many who spend their lives on the internet, Doge is that escape

15. Most of retail aped DOGE through Robinhood. The majority have no idea NFTs, DeFi, or GameFi even exist. Current TVL: from @DefiLlama AVAX - $1,600,000,000 Polygon - $1,400,000,000 SOL - $1,300,000,000 Dogechain - $6,300,000 First three were 10x current TVL in 2021

16. Easy trade is these TVLs converge over time. A main source of alpha in crypto is front-running opportunities. Web3 for DOGE is a massive untapped market.

17. In summary: Doge has one of the strongest communities on the internet, but suffers from a lack of utility. @DogechainFamily is an L2 trying to bring utility in the form of NFTs, DeFi, & GameFi to Doge. While early, Dogechain is an exciting project worth keeping an eye on.