Bitcoin DeFi booms as Core blockchain hits $260M in dual-staked assets

Share via:


Core, a proof-of-stake blockchain built on Bitcoin, has surpassed $260 million in dual-staked assets as institutional interest in Bitcoin-based decentralized finance (DeFi) continues to grow.

Core’s initial contributor, Rich Rines, told Cointelegraph that as of April 7, over 44 million Core tokens have been dual-staked with 3,140 Bitcoin (BTC). At the time of writing, the assets are worth about $260 million. 

Core’s dual-staking model lets Bitcoin holders earn higher yields with CORE tokens. While users can stake BTC at a lower rate, those who…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Bitcoin DeFi booms as Core blockchain hits $260M in dual-staked assets


Core, a proof-of-stake blockchain built on Bitcoin, has surpassed $260 million in dual-staked assets as institutional interest in Bitcoin-based decentralized finance (DeFi) continues to grow.

Core’s initial contributor, Rich Rines, told Cointelegraph that as of April 7, over 44 million Core tokens have been dual-staked with 3,140 Bitcoin (BTC). At the time of writing, the assets are worth about $260 million. 

Core’s dual-staking model lets Bitcoin holders earn higher yields with CORE tokens. While users can stake BTC at a lower rate, those who…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

American shoppers turn to Chinese ecommerce on tariff fears

DHgate has reached second place in Apple’s US...

OpenAI is developing its own X-like social media platform:...

OpenAI is reportedly developing its own social network,...

Google used AI to suspend over 39M ad accounts...

Google on Wednesday said it suspended 39.2 million...

Popular

Upcoming Events

Exclusive: Mamaearth parent moves court seeking removal of HUL...

Honasa Consumer, the parent company of beauty and...

RBI Clears PB Pay, a PB Fintech Arm, to...

PB Fintech Limited, the parent firm of Policybazaar, announced...

Meta CEO Zuckerberg considered spinning off Instagram in 2018...

Meta CEO Mark Zuckerberg once considered separating Instagram...
GdfFD GFD GFD GFD GFD GFD GFD GFD