CoreDAO is making significant strides with its innovative approaches to Bitcoin finance (BTCfi). By integrating groundbreaking non-custodial BTC staking mechanisms, CoreDAO not only enhances the utility of Bitcoin but also unlocks substantial value within the ecosystem.
Revolutionizing Bitcoin Staking
CoreDAO is the first platform for non-custodial BTC staking in the history of crypto space. This never before seen product further powers the Bitcoin yield markets, offering yields on BTC holdings without any custody trade offs, fundamentally changing how Bitcoin is valued. CoreDAO, where more than $100 million equivalent in 1600+ BTC is already staked, sets a new benchmark for utilization of Bitcoin.
This endeavor maintains the original feature of Bitcoin to be a secure store of value while simultaneously enhancing the utility of Bitcoin, allowing users to start earning passive rewards from within the blockchain with their BTC holdings.
The staking mechanism Practiced on Core is supported by the powerful Satoshi Plus consensus method, for more secure and faster transactions. In addition to adding utility to staked BTC, this system helps make Core one of the most secure and versatile platforms for hosting financial applications.
Meanwhile, Bitcoin remains the leading store of value while Core’s blockchain acts as a living world wherein the true, underlying value prop of Bitcoin has been realized and capitalized on.
Expanding Bitcoin’s Utility Beyond Storage
Enabling BTC inside Core makes Core an important cornerstone of a larger vision to develop it into a complete place for managing Bitcoin finance. This is not just staking as usual but instead bringing Bitcoin to an entire financial ecosystem that maximizes its power.
The team at CoreDAO, in this case, dream of a future in which Bitcoin is no longer passively stashed away but actively participating in a myriad of other financial services like lending pools and structured products.
CoreDAO is also working on liquid BTC staking proposals and other interesting ideas that further incentivize the movement of Bitcoin to be a part of its ecosystem. These will provide a substantial boost to the liquidity and potential applications of Bitcoin within the decentralized finance (DeFi) arena.
With Core integrating more BTC into their ecosystem, the network plans to become a key player in the blockchain sphere and perhaps as a result CORE will experience even more adoption and price appreciation — as it drives transactions within the total ecosystem.