Core DAO offers a staking method for Bitcoin that also includes the use of CORE tokens, potentially increasing stakers' yields significantly.
What is Core DAO Dual Staking?
Dual Staking allows users to stake both BTC and CORE tokens to boost yields. Using Satoshi Plus consensus, which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS), the system ensures security and decentralization while rewarding active participants.
Getting Started with Dual Staking
To begin staking, you'll need a supported Bitcoin wallet, a Core wallet address, and minimum staking amounts, such as 0.01 BTC and 1 CORE token. Remember to account for gas fees for transactions.
Key Aspects of Dual Staking
When staking BTC, your staking address may differ from the usual one. Funds will be locked for the chosen period and won't appear in your wallet until the staking ends. Newcomers to staking may consider starting with shorter lock periods.
Core DAO enhances staking possibilities for Bitcoin holders. Dual Staking draws attention for its high yields and security, positioning Core DAO as a significant player in decentralized Bitcoin staking.
