Core DAO offers a unique opportunity for Bitcoin holders with Dual Staking, allowing for increased rewards and minimized risks.
What is Core DAO Dual Staking?
Dual Staking by Core DAO is an opportunity for users to stake both Bitcoin and CORE tokens, significantly increasing rewards. The system utilizes several mechanisms, including Delegated Proof of Work and Delegated Proof of Stake, ensuring security and decentralization. This allows Bitcoin holders to earn yields without losing control of their assets.
How to Get Started with Dual Staking?
To begin staking, users need to: 1. Use a supported Bitcoin wallet such as Xverse or Unisat. 2. Create a Core wallet address to receive rewards. 3. Meet minimum staking amounts of at least 0.01 BTC and 1 CORE token. 4. Account for transaction fees in BTC and CORE.
How Dual Staking Boosts Rewards?
Dual Staking allows Bitcoin holders to earn higher rewards based on set tiers for CORE staking. The more CORE that is staked, the more income from Bitcoin staking. The main distribution pools include participants who delegate hash power and tokens, creating an effective rewards system without impacting CORE staker earnings.
Core DAO's Dual Staking represents a promising approach for Bitcoin holders, providing opportunities to increase earnings while maintaining control of their assets. The future of these innovations promises to attract new participants and advance decentralized finance.
