Core Foundation's New Dual Staking Model Launched To Boost Bitcoin Yields

Core Foundation, a scaling solution for Bitcoin BTC/USD, announced the introduction of a Dual Staking model aimed at amplifying Bitcoin yields and establishing a new market standard.

What Happened: In an exclusive press release provided to Benzinga, Core Foundation revealed that its Dual Staking model is designed to reward Bitcoin stakers who have invested long-term in Core. The rewards are enhanced when these investors also stake CORE.

The Bitcoin-driven blockchain is preparing to adopt this new model built on its pioneering Non-Custodial Bitcoin Staking feature, which serves as a Bitcoin bond layer. This feature aligns the Bitcoin and Core blockchains and establishes the Bitcoin Risk-Free Rate.

Notably, about 55% of Bitcoin mining hash power is actively delegated to Core, securing its over 100 dapps with $135 million in TVL and more than 50,000 DAU.

With the complete implementation of Bitcoin x CORE Dual Staking, Bitcoin stakers will have the chance to stake both bitcoin and their CORE rewards to earn higher rates. "Dual Staking introduces an additional incentive to security that’s provided simultaneously to Core and Bitcoin," said Rich Rines, a contributor to Core DAO.

Also Read: Holding Bitcoin Worth $542K Could Enable You To Get A Portuguese Passport

Why It Matters: Industry experts see Dual Staking as a significant advancement for Core's value proposition. The native CORE asset is set to become a cornerstone of Bitcoin finance. The Bitcoin Risk-Free Rate is just one of the many financial primitives that Core promises to deliver to Bitcoin.

In April 2024, Core’s Non-Custodial Bitcoin Staking was launched enabling Bitcoin holders to earn yield on their Bitcoin without relinquishing custody. In the initial months, around 5,000 BTC, worth $309 million, were staked with Core. These stakers earned the Risk-Free Rate, which was paid out in CORE tokens.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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