{"id":15548,"date":"2024-07-25T15:19:46","date_gmt":"2024-07-25T12:19:46","guid":{"rendered":"https:\/\/forklog.com\/en\/core-chain-introduces-dual-staking-model-for-bitcoin\/"},"modified":"2024-07-25T15:19:46","modified_gmt":"2024-07-25T12:19:46","slug":"core-chain-introduces-dual-staking-model-for-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/core-chain-introduces-dual-staking-model-for-bitcoin\/","title":{"rendered":"Core Chain Introduces Dual Staking Model for Bitcoin"},"content":{"rendered":"<p>The Core Foundation has unveiled a dual staking model for Core, built upon the system launched by the organization earlier this year, reports <a href=\"https:\/\/decrypt.co\/241566\/core-dual-staking-bitcoin-token\">Decrypt<\/a>.<\/p>\n<p>This non-custodial model allows holders of the first cryptocurrency to enhance their yields by staking both Bitcoin and CORE, according to a press release.<\/p>\n<p>Core acts as a secondary reward provider for digital gold stakers, where participants receive native tokens in exchange for securing the protocol.<\/p>\n<p>Users can continue to send only the first cryptocurrency to the contract at a basic &#8220;risk-free rate.&#8221; Traders who incorporate CORE into this process can expect &#8220;dual staking rates.&#8221;<\/p>\n<p>More attractive terms are offered for longer asset lock-up periods.<\/p>\n<p>According to the project&#8217;s calculations, since the functionality&#8217;s launch, the protocol has attracted 5000 BTC (~$309 million). The EVM-compatible network boasts over 19 million unique addresses and has processed more than 260 million transactions.<\/p>\n<p>Back in December 2023, the Babylon project, focused on using digital gold for staking, raised $18 million. In February, developers <a href=\"https:\/\/forklog.com\/en\/news\/babylon-launches-testnet-for-bitcoin-staking-protocol\">launched<\/a> a test network and announced an NFT giveaway for early users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Core Foundation has unveiled a dual staking model for Core, built upon the system launched by the organization earlier this year, reports Decrypt. This non-custodial model allows holders of the first cryptocurrency to enhance their yields by staking both Bitcoin and CORE, according to a press release. Core acts as a secondary reward provider [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1289,1134],"class_list":["post-15548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-staking","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15548"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15547"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}