Core DAO offers a new opportunity for Bitcoin holders looking to maximize their staking returns. Dual Staking combines BTC and CORE tokens to enhance rewards. Let's explore how it works and what to know before you start.
What is Core DAO Dual Staking?
Core DAO’s Non-Custodial Bitcoin Staking allows users to delegate their BTC through the Core network, retaining control over their assets. Dual Staking enhances this, enabling staking of both BTC and CORE tokens for increased rewards. The more CORE tokens staked, the higher the yield. It's powered by the Satoshi Plus consensus, combining Delegated Proof of Work and Delegated Proof of Stake.
Getting Started with Dual Staking
You need a supported Bitcoin wallet (Xverse, Unisat, or OKX Wallet) and a Core Wallet address for rewards. A minimum of 0.01 BTC and 1 CORE token is required. Transactions involve gas fees, so ensure you have enough funds to cover them.
Key Considerations for Stakers
Staking addresses can differ from regular Bitcoin addresses. Funds are locked until the staking period ends. Selecting appropriating locking periods is crucial to optimizing yields. Dual Staking boosts BTC staker rewards via predefined CORE staking thresholds. Expected updates in staking ratios aim for network sustainability and security.
Core DAO’s Dual Staking program offers enhanced earnings by combining BTC and CORE tokens. Changes in staking ratios aim to create a fair economic balance, making the program appealing to participating users.
