Source: Cointelegraph Original: "{title}"
Core is a proof-of-stake blockchain built on Bitcoin (BTC), and as institutional interest in Bitcoin-based decentralized finance (DeFi) continues to grow, its dual-staked assets have surpassed $260 million.
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 BTC. At the time of writing, these assets are valued at approximately $260 million.
Core's dual-staking model allows Bitcoin holders to earn higher yields through CORE tokens. While users can stake BTC at lower rates, those who stake BTC alongside Core tokens can receive enhanced returns.
"Depending on the number of CORE tokens staked, dual-staking can multiply the underlying staking rewards by more than 15 times," Core stated in a release.
The latest milestone has been driven by institutional investors integrating Core's staking model into their platforms.
The Core Foundation stated that major custodians such as BitGo, Copper, and Hex Trust have enabled their clients to access the protocol by integrating the dual-staking protocol. Core added that they have partnered with Maple Finance to collaborate on structured assets that generate yields using Core dual-staking.
Rines told Cointelegraph that institutions have played a key catalytic role in the early success of its dual-staking model. He noted that the model unlocks new opportunities for institutions.
"This shift has broader implications for the Bitcoin ecosystem. Historically, BTC held by institutions incurs custody fees without generating returns," Rines told Cointelegraph.
He added that by integrating Core's staking model, institutions can transform Bitcoin into an income-generating asset, offsetting costs and unlocking new capital efficiency.
At the time of writing, Core has the largest total value locked (TVL) in Bitcoin sidechains. Footprint analytics shows Core's TVL exceeds $400 million, with a market share of 28%.
TVL distribution of Bitcoin sidechains. Source: Footprint Analytics
The Core team stated that the increase in the number of dual-staked CORE tokens highlights the intended design of the product. Rines told Cointelegraph:
"So far, the dual-staking of over 44 million CORE tokens demonstrates the genuine adoption of the model. This reflects that users, whether retail or institutional, are actively seeking safe and sustainable ways to utilize their Bitcoin."
Rines emphasized that Core's dual-staking system provides a sustainable utility for long-term Bitcoin holders without relinquishing custody.
"This makes Bitcoin productive, not by trusting third parties, but by participating in a system designed to reward genuine consistency and long-term engagement," Rines said.
Related: The appeal of Bitcoin (BTC) as a safe-haven asset grows amid trade war uncertainties.
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