- Core introduces a Dual Staking model, enhancing its pioneering Non-Custodial Bitcoin Staking.
- The new model establishes the Bitcoin Risk-Free Rate through a Bitcoin bond layer.
- 55% of Bitcoin mining hash power is delegated to Core, bolstering network security.
- Core supports over 100 dapps with $165M in TVL and 50k+ DAU.
Core Foundation’s Innovative Dual Staking Approach
The Core Foundation has made a groundbreaking announcement with the introduction of a Dual Staking model. This development builds on Core’s initial implementation of Non-Custodial Bitcoin Staking, which has already set a precedent in the crypto world. The Non-Custodial Bitcoin Staking acts as a Bitcoin bond layer, establishing what is now known as the Bitcoin Risk-Free Rate. This innovative approach signifies a major advancement in the way Bitcoin staking is conducted, offering a secure and decentralized method for stakeholders to earn rewards.
The Dual Staking model represents a significant enhancement, promising to provide greater security and profitability for users. By incorporating both traditional and innovative staking methods, Core is setting new standards in the cryptocurrency staking landscape. This model aims to optimize returns for stakers while maintaining robust security protocols, ensuring that the network remains resilient against potential threats. Additionally, the Dual Staking model will also offer a more diversified approach to staking, allowing users to benefit from multiple revenue streams within the Core ecosystem. This will provide a more flexible and agile way for users to manage their assets and maximize their profits. As we move forward, Core is gearing up for the stfx dapp features launch, which will further enhance the staking experience for users and solidify Core’s position as a leader in the blockchain industry.
