The Core Foundation has announced the launch of a liquid staking token backed by BTC on the Layer 2 “Core” network. 🎉

The LstBTC token will be an ERC-20 token pegged 1:1 to BTC, with daily rewards for holders. Rewards will be paid in CORE tokens, which will attract new developers to the Core ecosystem.

Now users can stake BTC and earn income while maintaining the freedom to move assets.