Core DAO has introduced an innovative staking solution that allows Bitcoin holders to maximize their earnings by combining staking of Bitcoin and CORE tokens.
What is Core DAO's Dual Staking?
Core DAO's non-custodial Bitcoin staking solution allows users to delegate their assets to Core network validators. Dual Staking enhances staking rewards by enabling simultaneous BTC and CORE token staking. This model operates on Satoshi Plus consensus, integrating Delegated Proof of Work and Delegated Proof of Stake.
How to Get Started with Dual Staking?
Before starting, you need a supported Bitcoin wallet, such as Xverse, Unisat, or OKX Wallet extensions. A Core wallet address, created via MetaMask on the Core network, and minimum staking amounts of 0.01 BTC and 1 CORE token are also required. Remember to account for transaction fees.
Key Considerations for Stakers
Bitcoin staking addresses might differ from regular wallet addresses, and delays in unlocking funds can arise due to network congestion. If new to staking, it's advisable to begin with shorter lock durations. Dual Staking offers increased rewards via CORE staking thresholds, impacting rewarding pools for hash power delegators, Bitcoin stakers, and CORE token stakers.
Core DAO's staking adjustments and initiatives aim to enhance economic balance and network security. As Core DAO Ignition Program enters its new season, further ecosystem improvements are anticipated.
