用产量解锁比特币抵押品

LSTBTC将改变机构比特币持有人面临的权衡：使用BTC作为安全的价值存储，或牺牲安全性或流动性的收益率。

The Core Foundation, in partnership with Maple Finance (NYSE:MPL), BitGo, Copper, and Hex Trust, today announced the launch of lstBTC.

核心基金会与Maple Finance（NYSE：MPL），BITGO，COPPER和HEX TRUST合作，今天宣布了LSTBTC的推出。

lstBTC will be a new type of liquid, yield-bearing Bitcoin token on the Core blockchain, designed for institutions to generate income on idle Bitcoin. By transforming Bitcoin into a productive asset, lstBTC provides holders with a way to turn billions of dollars into income while maintaining security, compliance, and liquidity.

LSTBTC将是一种在核心区块链上的新型液体，具有屈服的比特币代币，该核心区块链是为机构设计的，以在闲置的比特币上产生收入。通过将比特币转变为生产资产，LSTBTC为持有人提供了一种将数十亿美元转变为收入的方法，同时保持安全性，合规性和流动性。

lstBTC is designed to improve capital efficiency while maintaining security, compliance, and liquidity, enabling institutions to earn sustainable income from idle Bitcoin holdings without changing existing custody arrangements.

LSTBTC旨在提高资本效率，同时保持安全性，合规性和流动性，使机构能够从闲置的比特币持有量中赚取可持续收入，而无需改变现有的监护权安排。

Unlock Bitcoin Collateral with Yield

用产量解锁比特币抵押品

lstBTC will change the trade-off faced by institutional Bitcoin holders: use BTC as a safe store of value, or sacrifice security or liquidity for yield. lstBTC allows institutions to receive yield paid in Bitcoin without moving BTC out of a trusted custodian.

LSTBTC将改变机构比特币持有人面临的权衡：使用BTC作为安全的价值存储，或牺牲安全性或流动性的收益率。 LSTBTC允许机构在不将BTC移出值得信赖的托管人的情况下接收在比特币中支付的收益。

With over $500 billion of Bitcoin currently incurring fees in custody accounts, lstBTC unlocks a huge potential for savings. It enables institutions to earn sustainable returns on their Bitcoin holdings while maintaining principal security, liquidity, and capital efficiency. With its expertise in institutional credit markets and risk management, Maple Finance is responsible for developing yield-generating strategies that meet regulatory and risk standards, helping lstBTC holders streamline the yield-collection process without having to move BTC out of custody. By integrating lstBTC into its broader institutional infrastructure, Maple Finance helps institutions maximize capital efficiency without sacrificing security.

LSTBTC目前拥有超过5000亿美元的比特币收费，可释放储蓄的巨大潜力。它使机构能够在其比特币持有量中获得可持续的回报，同时保持主要安全，流动性和资本效率。凭借其在机构信贷市场和风险管理方面的专业知识，Maple Finance负责制定符合监管和风险标准的产生产生的策略，从而帮助LSTBTC持有人简化了产量收集流程，而无需将BTC移出监护权。通过将LSTBTC整合到更广泛的机构基础设施中，Maple Finance有助于机构在不牺牲安全性的情况下最大化资本效率。

“The lack of Bitcoin yield options has been a glaring gap in the market,” said Sidney Powell, CEO and co-founder of Maple Finance. “Maple is proud to partner with CORE to launch lstBTC, enabling institutions to earn yield on their BTC without giving up the security of a trusted custodian.”

Maple Finance首席执行官兼联合创始人Sidney Powell说：“缺乏比特币产量选择是市场上明显的差距。” “ Maple很自豪地与Core合作推出LSTBTC，使机构能够在其BTC上赚取收益，而不会放弃受信任的托管人的安全。”

How lstBTC works

LSTBTC的工作原理

Institutions can mint lstBTC by depositing Bitcoin with a trusted custodian such as BitGo, Copper, or Hex Trust.

机构可以通过将比特托管人（例如Bitgo，铜或十六进制信托）存放给比特币来造成LSTBTC。

lstBTC generates yield while maintaining full liquidity — institutions can trade, transfer, or use lstBTC as collateral.

LSTBTC在保持全部流动性的同时产生产量 - 机构可以交易，转让或使用LSTBTC作为抵押。

When redeemed, holders will receive their original Bitcoin plus a pro-rated portion of the proceeds, deposited directly into their escrow account.

赎回后，持有人将收到其原始的比特币以及收益的一部分，直接存入其托管帐户。

lstBTC uses the dual-staking mechanism of the Core blockchain to enable Bitcoin to earn CORE rewards while protecting network security. Maple Finance, as a trusted investment manager, uses clear strategies and institutional-level risk management to transparently optimize returns, while the custodian ensures compliance and asset security.

LSTBTC使用核心区块链的双稳定机制，使比特币能够在保护网络安全的同时获得核心奖励。作为值得信赖的投资经理，Maple Finance使用明确的策略和机构风险管理来透明地优化收益，而保管人则确保合规性和资产安全。

This approach ensures capital efficiency, security, and scalability, providing institutions with a seamless way to earn yield on their Bitcoin holdings without disrupting existing workflows.

这种方法确保了资本效率，安全性和可扩展性，从而为机构提供了一种无缝的方式，可以在不破坏现有工作流程的情况下赢得其比特币持有量。

What makes lstBTC unique

是什么使LSTBTC与众不同

Unlike other Bitcoin yield solutions, lstBTC is designed specifically for institutions without the need to transfer assets or take unnecessary risks.

与其他比特币产量解决方案不同，LSTBTC专为机构设计而无需转让资产或承担不必要的风险。

No changes to custody arrangements are required – institutions can continue to store Bitcoin with existing custodians.

无需更改监护安排 - 机构可以继续与现有的托管人一起存储比特币。

Real BTC Yield - Earn BTC-denominated returns through Core’s dual-staking mechanism without having to transfer Bitcoin out of custodianship.

真正的BTC收益率 - 通过Core的双存储机制赚取BTC计时的回报，而无需转让比特币出于保管权。

Fully liquid and scalable — lstBTC can be traded, transferred, or used as collateral while the underlying Bitcoin is still generating yield.

完全液体和可扩展的 - LSTBTC可以被交易，转移或用作抵押品，而下层比特币仍在产生产量。

Built for institutional use cases – seamlessly integrates into existing and new portfolio strategies to enhance returns.

专为机构用例而设计 - 无缝集成到现有和新的投资组合策略中，以提高回报。

Hong Sun, an institutional contributor to Core DAO, said: “This collaboration is a breakthrough for institutional Bitcoin holders. lstBTC finally allows institutions to earn yield on their Bitcoin while maintaining existing custody and security frameworks. By combining the dual-collateral mechanism of the Core blockchain, the risk management strategy of Maple Finance, and the trusted custody infrastructure of BitGo, Copper, and Hex Trust, lstBTC sets a new standard for institutional Bitcoin solutions.”

核心DAO的机构贡献者Hong Sun说：“这项合作是机构比特币持有人的突破。 LSTBTC最终允许机构在维持现有的监护权和安全框架的同时，赚取比特币的收益率。通过结合核心区块链的双层机制，枫树融资的风险管理策略以及BitGO，铜和HEX信任的可信赖的监护基础设施，LSTBTC为机构比特币解决方案设定了新的标准。”

Bitcoin Redefines Institutional Investors

比特币重新定义机构投资者

lstBTC enables institutional clients - including portfolio managers, ETP issuers, accredited investors and market makers - to maximize the productivity of Bitcoin without sacrificing security or operational efficiency. Backed by the most trusted names in asset management, digital asset custody, liquidity and risk management, lstBTC sets a new standard for institutional Bitcoin returns.

LSTBTC使机构客户（包括投资组合经理，ETP发行人，认可的投资者和做市商）可以最大程度地提高比特币的生产率而不牺牲安全性或运营效率。在资产管理，数字资产保管，流动性和风险管理中最受信任的名称的支持下，LSTBTC为机构比特币收益设定了新标准。

To learn more about lstBTC and how it helps institutional Bitcoin holders generate yield securely, visit lstbtc.coredao.org or contact inquire@coredao.org.

要了解有关LSTBTC及其如何帮助机构比特币持有人安全产生收益率的更多信息，请访问lstbtc.coredao.org或conscont incoulcore@cordao.org。

About Core

关于核心

Core is Bitcoin's first Proof of Stake (PoS) layer and the largest Bitcoin DeFi ecosystem, combining Bitcoin's unparalleled security with the scalability of Satoshi Plus consensus. Core's dual-staking mechanism enables Bitcoin holders to earn secure and sustainable returns by staking BTC and CORE simultaneously, while retaining full control of their assets.

Core是比特币的第一个证明（POS）层和最大的比特币Defi生态系统，将比特币的无与伦比的安全性与Satoshi Plus共识的可扩展性相结合。 Core的双固定机制使比特币持有人可以同时存放BTC和Core，同时保留对其资产的完全控制，从而获得了安全和可持续的回报。

There are currently over 5,500 BTC and 165 million CORE staked on the Core blockchain , enhancing the utility and security of Bitcoin. Core is the EVM blockchain most aligned with Bitcoin, with approximately 80% of Bitcoin mining power contributing to the security of the network. This breakthrough has attracted millions of Core adopters - with over 40 million unique addresses, 350 million transactions, and over $850 million in total locked value (

目前有超过5500 BTC和1.65亿个核心核心在核心区块链上固定，从而增强了比特币的实用性和安全性。核心是与比特币最合并的EVM区块链，大约80％的比特币矿业能力有助于网络的安全性。这一突破吸引了数百万的核心采用者 - 拥有超过4000万个独特的地址，3.5亿美元的交易，总锁定价值超过8.5亿美元（