PRESS RELEASE.
Core
launched its Dual Staking feature through the Fusion upgrade, unlocking new yield opportunities for Bitcoin holders. This feature allows Bitcoin holders to stake both
BTC
and CORE tokens for higher tiers of yield, making CORE a highly valuable asset by enabling holders to increase their rewards.
Once primarily a sought-after store of value, Bitcoin has now effectively transitioned into a powerful engine of decentralization. Core has capitalized on this transition by enabling seamless decentralized applications secured by Bitcoin and built with EVM-compatible smart contracts on a Bitcoin-powered blockchain.
Core began as a community looking for better solutions, grounded in the principles of both Bitcoin and Ethereum. To date, it has achieved more than 300 million on-chain transactions, amassed a community of 2.2 million Twitter followers, more than 253K Discord members, and 5 million active wallets.
Core Ecosystem’s Fusion Upgrade Launches Dual Staking
Non-custodial Bitcoin staking was introduced to Core in April 2024, making Bitcoin a natively yield-bearing asset for the first time in history.
The dual staking feature is highly beneficial for holders, removing the need for intermediaries or custodial risk. Bitcoin holders can access secure yield options while maintaining full control over their assets, reducing friction for institutions and individuals keen to open up passive earning opportunities on-chain. With more than 6,380 Bitcoins staked as of October 2024, valued at over $575 million, Fusion’s dual staking upgrade enables higher yields by offering a base risk-free rate for Bitcoin stakers and an enhanced ‘dual-staker rate’ for those who stake CORE tokens alongside
BTC
.
Dual staking also rewards long-term commitment, providing higher rewards for those who stake for longer durations. Importantly, becoming eligible for these higher rates does not require giving up the custody of the assets. As Core becomes a second block reward provider for Bitcoin, participants with CORE tokens are further rewarded. According to Core Foundation, close to 76% of Bitcoin mining hash power is being delegated to Core, contributing to its security.
Dual Staking: How it Works
Dual staking for higher yields involves two easy-to-maintain criteria. First, both CORE and Bitcoin must be staked simultaneously, with the amount of CORE staked meeting the minimum dual staking threshold.
Second, the staking wallet address must match the designated CORE rewards address for Bitcoin staking, where the yield payments are sent. To ensure that the CORE rewards address is the same as the CORE staking address, users have to visit stake.coredao.org and carry out these steps.
The Core address tracks staking transactions for both Bitcoin and Core. Once connected, users can go to the “
My Staking
” section of
the website
to view all the transactions and accrued rewards in CORE from both Bitcoin staking and CORE staking.
Core’s official staking website lets users keep an on-time tab on the distribution of their delegated CORE, Bitcoin, and Hash across each validator. Staking yields vary between validators, depending on the total and weighted amount of delegations each receives. This transparency helps users balance CORE and Bitcoin distribution to maximize yield. It maintains ecosystem health by preventing validators from earning too little and eventually becoming inactive, while also limiting excessive delegation to a single validator, thereby reducing rewards for others.
Since Dual Staking is non-custodial, users have full control over their assets. While Bitcoin stays secure in the user’s wallet, the stakers are free from slashing, counterparty, and external Smart Contract risks.
Staked CORE, unlike time-locked Bitcoin, is not bound by time constraints—users can ‘unstake’ CORE anytime or stake it independently.
The Larger Impact of Core’s Dual Staking Feature
Overall, with the Fusion upgrade, Core introduced a sustainable, non-custodial way to generate returns on Bitcoin. The fixed CORE emissions incentivize dual staking, ensuring that rewards remain aligned with long-term commitment and ecosystem success.
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