Bitcoin holders have the opportunity to significantly boost their earnings with Core DAO's Dual Staking, by using both BTC and CORE tokens.
What is Core DAO Dual Staking?
Core DAO's Non-Custodial Bitcoin Staking allows users to delegate their BTC to validators on the Core network, retaining control of their assets. Dual Staking enhances BTC and CORE token staking to significantly increase staking rewards, powered by the Satoshi Plus consensus, including DPoW, DPoS, and Non-Custodial BTC Staking.
Getting Started with Dual Staking
To start staking, you need a supported Bitcoin wallet, Core Wallet address, at least 0.01 BTC and 1 CORE token, as well as gas fees for transactions. Consider precise lock-in periods to maximize potential benefits.
Key Features of Dual Staking and Governance Update
Dual Staking offers BTC stakers the potential to earn higher rewards. Rewards are distributed through three main pools, with discussion on adjusting staking ratios to maintain reward balance. Changes involve updates in tier requirements for participants.
As part of efforts to expand DeFi capabilities, Core DAO continues to evolve, offering interesting ways to engage with blockchain and crypto assets.
