Core Unveils Fusion Upgrade Fusing Bitcoin and Core Even Closer, Unveiling Dual Staking and Liquid Bitcoin Staking (LstBTC)

The Fusion Upgrade further fuses Core and Bitcoin together by implementing two major features that should enhance users' staking experience: Dual Staking, now live, and Liquid Bitcoin Staking (LstBTC), which is set to go live soon.

Core announces Fusion Upgrade to enhance Bitcoin staking with Dual Staking and LstBTC

Core, a Bitcoin-secured smart contract platform, has announced the launch of the Fusion Upgrade, which introduces two major features to enhance the user experience in staking Bitcoin (BTC) and CORE.

The first feature, Dual Staking, boosts Bitcoin staking rewards for stakers of both BTC and CORE tokens. This feature aims to transform Bitcoin and solidify its role as a secure, yield-bearing asset.

The second feature, LstBTC, is an ERC-20 liquid staking token pegged 1:1 with Bitcoin. This innovative token allows Bitcoin holders to earn daily rewards in CORE tokens while retaining their Bitcoins' liquidity.

Core is also known for its commitment to sustainable yield, and the Fusion Core upgrade further enhances these yields, particularly in BTC staking.

"With the launch of Fusion, Core is elevating the possibilities of Bitcoin staking and making the ecosystem more dynamic and rewarding for users," said Rich Rines, Initial Contributor to Core, in a statement shared with International Business Times.

"This upgrade delivers scalability and yield enhancements that will not only improve the experience for current stakers but also attract new participants looking for sustainable returns in the BTCfi space," he added.

Core leads the way in revolutionizing Bitcoin staking with the launch of the first-ever non-custodial BTC staking protocol, securing over 7,600 Bitcoin.

Core is the only end-to-end BTCfi solution, offering both a Bitcoin-secured smart contract platform and a BTC staking yield product.

This provides users with a secure and efficient way to stake Bitcoin and CORE tokens.

The Core blockchain hosts over 100 EVM-compatible decentralized applications (dApps) under BTC miner and staker protection, making it the Top 1 Bitcoin scaling chain.

Since the mainnet launch in January 2023, Core has seen massive adoption, with millions of users joining the ecosystem.

The chain has logged more than 28 million unique addresses and facilitated over 300 million transactions to date.

With over $900 million in TVL (total value locked), Core is a trusted Proof-of-Stake BTC layer.