Core Introduces Dual Staking Model to Revolutionize the Staking Landscape

The Core Foundation announced today the launch of its Dual Staking model, a significant upgrade to its pioneering Non-Custodial Bitcoin Staking system.

The Core Foundation announced today the launch of its Dual Staking model, a significant upgrade to its pioneering Non-Custodial Bitcoin Staking system.

This innovative model, which functions as a Bitcoin bond layer, has been instrumental in establishing the Bitcoin Risk-Free Rate.

With approximately 55% of Bitcoin mining hash power now delegated to Core, the network is further securing its ecosystem of over 100 decentralized applications, which collectively hold $165 million in total value locked (TVL) and boast more than 50,000 daily active users (DAU).

Core had already made waves with the introduction of non-custodial Bitcoin staking, setting a new standard and creating the Bitcoin Risk-Free Rate, accessible at bitcoinreferencerate.com. The new Dual Staking model strengthens the bond between Coretoshis and Bitcoiners by allowing users to stake both Bitcoin and CORE tokens for enhanced yields.

Introducing Dual Staking. Closing the economic loop between Core and Bitcoin

Core has already set the standard with the first-ever non-custodial Bitcoin staking, establishing a Bitcoin Risk-Free Rate – https://t.co/QkyYHnHqjq – but now, the bond between #Coretoshis and… https://t.co/kVNFXmjHvK pic.twitter.com/ydaL404nEx

— Core DAO ? (@Coredao_Org) July 25, 2024

This innovative staking strategy builds on Core’s foundational model by rewarding Bitcoin stakers who also stake CORE tokens. The more CORE tokens staked alongside Bitcoin, the higher the yield, deepening the symbiotic relationship between Bitcoin and Core.

The introduction of Dual Staking not only boosts yields for participants but also signifies a full economic integration between Bitcoin and Core, marking a major milestone towards an end-to-end BTCfi (Bitcoin Decentralized Finance) experience.

Core’s latest move highlights its commitment to aligning the interests of Bitcoin and CORE holders, offering a robust and lucrative staking option that enhances the value of Bitcoin as a yield-bearing asset. As the network continues to innovate, it remains at the forefront of decentralized finance, providing secure, high-yield opportunities for its users.

In conclusion, the Core Foundation’s Dual Staking model is set to revolutionize the staking landscape, offering unprecedented yield enhancements and further integrating the economic interests of Bitcoin and CORE token holders.

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