Core Foundation Announces Fusion Upgrade, Aims to Improve Bitcoin Staking for Financial Institutions and Individual Investors

The Core Foundation on Wednesday announced the Fusion Upgrade, a significant development for its blockchain platform, aiming to improve Bitcoin staking for a diverse range of users

The Core Foundation announced the Fusion Upgrade on Wednesday, a major development for its blockchain platform that aims to enhance Bitcoin staking for a diverse range of users, including financial institutions and individual investors.

The upgrade introduces two key features: Dual Staking and Liquid Staked Bitcoin (LstBTC), both designed to increase staking rewards and address liquidity challenges, marking a new phase for the platform's role in Bitcoin-focused decentralized finance (DeFi).

Dual Staking allows users to earn enhanced rewards by staking both Bitcoin and CORE (CORE/USD) tokens, potentially offering higher returns.

Moreover, LstBTC, an ERC-20 token pegged 1:1 with Bitcoin, enables holders to maintain liquidity while earning daily CORE token rewards.

This feature aims to solve a long-standing problem in DeFi by balancing the benefits of staking with the need for liquidity.

"This upgrade brings scalability and yield enhancements that will not only improve the experience for current stakers but also attract new participants," said Rich Rines, an Initial Contributor to Core.

The Core blockchain has secured over 7,600 BTC through its non-custodial staking protocol and claims support from about 75% of Bitcoin's hash rate.

The blockchain has a total value locked (TVL) of over $650 million and has processed over 300 million transactions.

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