diff --git a/.env b/.env.example
similarity index 100%
rename from .env
rename to .env.example
diff --git a/.gitignore b/.gitignore
index 44bc97aeb..344f01f84 100644
--- a/.gitignore
+++ b/.gitignore
@@ -21,3 +21,5 @@ cypress/plugins
 # Yarn
 node_modules/
 yarn-error.log
+.env
+.cosine
diff --git a/Dockerfile.dev b/Dockerfile.dev
new file mode 100644
index 000000000..b90df6383
--- /dev/null
+++ b/Dockerfile.dev
@@ -0,0 +1,22 @@
+# Use the specified image
+FROM node:14-buster-slim
+
+# Set the working directory
+WORKDIR /app
+
+# Install dependencies
+RUN apt-get update && apt-get install -y python3 make g++ git openssh-client ca-certificates && \
+    git config --global url."https://".insteadOf git:// && \
+    rm -rf /var/lib/apt/lists/* && \
+    apt-get clean
+
+# Set the environment variables
+ENV PYTHON=/usr/bin/python3
+ENV NODE_OPTIONS=--max_old_space_size=3072
+
+# Copy package files and install node modules
+COPY package*.json yarn.lock ./
+RUN yarn install
+
+# Expose port 3000
+EXPOSE 3000
diff --git a/README.md b/README.md
index d8ca59b2c..ba93b4035 100644
--- a/README.md
+++ b/README.md
@@ -126,3 +126,48 @@ The following procedure allows to deploy T token dashboard to production:
    approval of someone else from the development team.
 5. Once the release action is approved, the new version is automatically
    deployed to `dashboard.threshold.network`.
+
+## Local Development
+
+Replace the following dependencies on `package.json`:
+
+```json
+    "@keep-network/coverage-pools": "goerli",
+    "@keep-network/ecdsa": "goerli",
+    "@keep-network/keep-core": "1.8.1-goerli.0",
+    "@keep-network/keep-ecdsa": "goerli",
+    "@keep-network/random-beacon": "goerli",
+    "@keep-network/tbtc": "goerli",
+    "@keep-network/tbtc-v2": "goerli",
+    "@threshold-network/solidity-contracts": "goerli",
+```
+
+Update `.env` to contain:
+
+```
+REACT_APP_SUPPORTED_CHAIN_ID=5
+REACT_APP_ETH_HOSTNAME_HTTP=https://goerli.infura.io/v3/<your API key here>
+REACT_APP_ETH_HOSTNAME_WS=wss://goerli.infura.io/v3/<your API key here>
+REACT_APP_MULTICALL_ADDRESS=$MULTICALL_ADDRESS
+
+REACT_APP_FEATURE_FLAG_TBTC_V2=true
+REACT_APP_FEATURE_FLAG_TBTC_V2_REDEMPTION=true
+REACT_APP_FEATURE_FLAG_MULTI_APP_STAKING=true
+REACT_APP_FEATURE_FLAG_FEEDBACK_MODULE=false
+REACT_APP_FEATURE_FLAG_POSTHOG=false
+REACT_APP_FEATURE_FLAG_SENTRY=$SENTRY_SUPPORT
+REACT_APP_SENTRY_DSN=$SENTRY_DSN
+
+REACT_APP_ELECTRUM_PROTOCOL=wss
+REACT_APP_ELECTRUM_HOST=electrumx-server.test.tbtc.network
+REACT_APP_ELECTRUM_PORT=8443
+REACT_APP_MOCK_BITCOIN_CLIENT=false
+
+REACT_APP_WALLET_CONNECT_PROJECT_ID=$WALLET_CONNECT_PROJECT_ID
+```
+
+Then build the docker container and run the dashboard:
+
+```bash
+docker-compose up --build
+```
diff --git a/docker-compose.yml b/docker-compose.yml
new file mode 100644
index 000000000..47ef982a8
--- /dev/null
+++ b/docker-compose.yml
@@ -0,0 +1,19 @@
+version: "3.8"
+
+services:
+  threshold-dashboard:
+    image: node:14-buster-slim
+    container_name: threshold-dashboard
+    working_dir: /app
+    environment:
+      - PYTHON=/usr/bin/python3
+      - NODE_OPTIONS=--max_old_space_size=3072
+    ports:
+      - "3000:3000"
+    volumes:
+      - .:/app # Bind mount the current directory to /app in the container
+      - /app/node_modules # This will prevent node_modules from being overwritten by the local volume
+    command: bash -c "yarn format:fix && yarn start"
+    build:
+      context: .
+      dockerfile: Dockerfile.dev