Core DAO has introduced Dual Staking, allowing Bitcoin holders to boost their earnings by staking both BTC and CORE tokens.
What is Core DAO Dual Staking?
Core DAO's Dual Staking allows users to stake Bitcoin and delegate it to validators on the Core network, earning yield without losing control over assets. By staking both BTC and CORE tokens, rewards increase significantly. The more CORE tokens staked with BTC, the higher the yield.
Getting Started with Staking
To start staking, you'll need a supported Bitcoin wallet (Xverse, Unisat, or OKX Wallet); a Core Wallet address for receiving rewards; at least 0.01 BTC and 1 CORE token; and additional funds for gas fees.
Key Considerations for Stakers
Bitcoin staking addresses may differ from usual ones, ensuring security. Staked BTC is locked as per the chosen period. Funds can be tracked via Mempool.space or Core staking dashboard. Consider locking periods carefully, starting with shorter ones if you're new.
Core DAO's Dual Staking offers Bitcoin holders enhanced earnings potential, providing higher rewards through integrated BTC and CORE token staking.
