Unlocking New Opportunities for BTC Holders with Core Chain
If youโre a BTC holder looking to earn some extra yield, Core Chain has some exciting news for you. Historically, BTC holders havenโt been able to stake their tokens. However, Core Chainโs new offering now allows you to stake your BTC and earn a percentage yield over time. This is a game-changer for BTC traders, as staking has typically been exclusive to proof-of-stake blockchains. Core Chainโs innovative approach combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS) in its new consensus mechanism called Satoshi Plus, allowing BTC holders to participate in staking.
Dive into the World of Non-Custodial BTC Staking
Core Chainโs non-custodial BTC staking platform eliminates the need for wrapping tokens or compromising custody of assets, making it the first of its kind in the market. Hereโs what you need to know:
โ BTC holders can now stake their tokens on Core Chain.
โ This new offering does not require wrapping tokens or losing custody of assets.
โ Core Chainโs non-custodial BTC staking platform is the first of its kind.
Valourโs Innovative Offerings in Collaboration with Core Foundation
In partnership with the Core Foundation, Valour, a subsidiary of DeFi Technologies Inc., has introduced a yield-bearing BTC exchange traded product (ETP) and a Core ETP. These offerings aim to provide investors with new ways to engage with Bitcoin and widen access to Core Chainโs staking opportunities:
โ The yield bearing BTC ETP offers yield directly from Core Chainโs block rewards.
โ The Core ETP provides indirect exposure to Coreโs staking opportunities.
โ Valour plans to stake $100 million in BTC through the new non-custodial BTC staking product.
Coreโs Success and Expansion Efforts
Core Chainโs recent initiatives have garnered significant attention and success in the crypto space:
โ Core Venture Network launched in March, committing $15 million to builders in Africa, Latin America, and Southeast Asia.
โ Core introduced a new NFT marketplace and CoreBTC to bridge BTC to the Core Chain.
โ The CORE token witnessed a 218% price spike in just one week.
Hot Take: Embracing Innovation in the Crypto Landscape
As the boundaries between traditional finance and decentralized finance continue to blur, opportunities for BTC holders are expanding. With Core Chainโs non-custodial staking platform and Valourโs innovative ETP offerings, investors have access to new ways to engage with Bitcoin and earn yield. The evolution of digital assets signifies a merging of financial landscapes, providing novel opportunities for crypto enthusiasts to explore.
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