DeFi Technologies, a Canadian company, has introduced the CoreFi Strategy, offering regulated returns on Bitcoin and CORE. This platform is inspired by the MicroStrategy model.
Launch of CoreFi Strategy
DeFi Technologies has announced the launch of a new platform, CoreFi Strategy, which will offer regulated returns on Bitcoin and CORE, the native asset of the Core blockchain. This strategy is inspired by the MicroStrategy model, which focuses on Bitcoin accumulation.
How CoreFi Strategy Works
The CoreFi Strategy aims to amplify treasury holdings by combining BTC and CORE staking with innovative financing. It allows market participants to access Bitcoin returns within a compliance framework. CoreFi Strategy's approach is based on utilizing the staking mechanisms of the Core blockchain, enabling investors to unlock additional yield using CORE and staked Bitcoin.
Growth of the Core Blockchain Ecosystem
Earlier this year, DeFi Technologies' subsidiary, Valour, issued two key products: a yield-bearing Bitcoin ETP and a CORE ETP. The Core blockchain is performing well in key metrics: over 8,200 staked Bitcoins, close to 75% of Bitcoin mining hash power securing its network, and $700 million in TVL. Additionally, there are over a million weekly active wallets and more than 310 million transactions.
DeFi Technologies' CoreFi Strategy platform aims to enhance returns from Bitcoin and CORE while supporting sustainable growth of the Core blockchain ecosystem.
