Core, renowned for its Bitcoin-powered and EVM-compatible blockchain, has announced the launch of mBTC, introducing the first-ever non-custodial BTC staking. This groundbreaking development allows users to stake Bitcoin without giving control of their assets. It marks a significant milestone in blockchain technology.
🚀Be ready! M-BTC is live on @Coredao_Org!#Core known for Bitcoin-powered, EVM-compatible blockchain, is introducing the first non-custodial BTC staking.🥳Now users can bridge mBTC to #Core, here's how:1️⃣ For quick and small amount transfer(< 2 mBTC), please use… pic.twitter.com/fbeSjisb59
— Free (@Protocol_Free) July 3, 2024
Core Simplifies BTC Staking with mBTC Integration
Using this new feature, users can link mBTC to Core. This is supported by free.tech that allows users to free their assets early and fully liquify staked assets helping uncover further yield. Integration of the mBTC to Core makes it easier to stake on BTC since it provides a convenient and easy way of completing the process.
This really applies for large transfer where the process is very simple and easy to follow. To get started, the users have to link their wallet and choose the option named Merlin mBTC Bridge. Subsequently, they indicate the amount they would like to receive on Core and verify the recipient’s address. This simplified structure keeps users in control of their assets and allows them to engage in staking without complications.
Core Boosts DeFi with Non-Custodial BTC Staking
It is noteworthy that the introduction of non-custodial BTC staking on Core is a very important step in the development of the blockchain industry.
Lastly, the conversion of mBTC to Core is progressive since it would offer better returns and promote Bitcoins within the decentralized finance space.
