DeFi Technologies is set to launch a validator node on Core Chain, investing nearly $100 million in Bitcoin (BTC). Through its subsidiary Valour, the Toronto-based company will earn rewards for validating transactions and staking on Core's BTC-powered blockchain. Stakers will keep custody of their BTC during the lockup period and receive rewards in CORE token, reinvested in the product. With a staked CORE offering a reward of 11.66%, security is ensured by allocating 50% of BTC mining hash power to the blockchain. This move marks the second phase of collaboration between the two entities, following the launch of the Valour Bitcoin Staking ETP. DeFi Technologies' shift towards BTC was further solidified by adopting it as the primary treasury reserve asset, resulting in a significant increase in share price. Valour's AUM has also seen substantial growth, reaching $607 million, reflecting the increasing interest in crypto assets. Read more AI-generated news on: https://app.chaingpt.org/news