Core DAO offers an innovative staking method that allows Bitcoin holders to maximize their returns while maintaining control over their assets.
What is Core DAO Dual Staking?
The main advantage of Dual Staking is that users can stake both Bitcoin and CORE tokens, significantly increasing their income. This model is powered by a combination of Delegated Proof of Work, Delegated Proof of Stake, and Non-Custodial BTC Staking, ensuring network security and decentralization.
Getting Started with Dual Staking
To begin staking, you need a supported Bitcoin wallet, a Core wallet address, and minimum amounts for staking. The best browser extensions to use are Xverse and OKX Wallet. Transactions can also be made through the Element wallet app.
Key Aspects of Dual Staking
For Dual Staking, it's important to understand the characteristics of staking addresses and to account for delays in displaying funds, which may be locked for a certain amount of time. Core DAO is also updating staking ratios to improve network sustainability.
Core DAO's Dual Staking provides a unique opportunity for Bitcoin holders to increase their returns without compromising security. This tool is expected to become a key element of decentralized Bitcoin staking.
