Core DAO has introduced an innovative approach for Bitcoin holders to maximize their staking rewards through dual staking.
What is Core DAO Dual Staking?
Core DAO offers non-custodial Bitcoin staking, allowing users to maintain control over their assets while earning yield. Dual staking enhances returns by allowing staking of CORE tokens alongside Bitcoin. This is powered by the Satoshi Plus consensus, combining Delegated Proof of Work and Delegated Proof of Stake, ensuring security and decentralization.
Getting Started with Dual Staking
To begin staking, users need a supported Bitcoin wallet, a Core Wallet address, and minimum staking amounts: 0.01 BTC and 1 CORE token. Transactions require gas fees, so users should keep extra funds in their wallets.
Key Considerations for Stakers
When staking, it's important to remember that staked Bitcoin is locked until the end of the staking period. Users should also be aware of new changes in staking ratios, which increase the thresholds for Satoshi, Super, and Boost tiers.
With the introduction of dual staking, Core DAO has significantly enhanced the potential income from Bitcoin staking, making it more attractive for crypto enthusiasts.
