Core DAO introduces Dual Staking, allowing Bitcoin holders to boost yields. This article explores the main features of this innovation.
What is Core DAO Dual Staking?
Core DAO offers a staking system where users can delegate their BTC to Core validators while maintaining control of their assets. Dual Staking enables users to stake both BTC and CORE tokens, significantly enhancing yields. The system operates on the Satoshi Plus consensus, combining Delegated Proof of Work and Delegated Proof of Stake.
Getting Started with Dual Staking
To participate in Dual Staking, users need a supported Bitcoin wallet (such as Xverse, Unisat, and OKX Wallet), a Core wallet address, minimum tokens for staking, and additional funds for covering gas fees. Users can track their staking addresses through dedicated dashboards.
Key Considerations for Stakers
During staking, Bitcoin remains locked for the specified period. Delays can occur due to network congestion. Newcomers are advised to start with shorter locking periods. Dual Staking increases BTC rewards based on predefined CORE staking thresholds.
Core DAO Dual Staking offers a unique opportunity to enhance Bitcoin staking yields by combining BTC and CORE tokens. The system promotes decentralization and network security, making staking more appealing.
