Bitcoin just hit $81,000 and $CORE
team has been building incredibly and
they have just released a significant
update for Bitcoin staking š„
It's Coreās Fusion upgrade!
Some Key points why it matters:
The Fusion upgrade introduces
Dual Staking and Liquid BTC Staking
(lstBTC).
ā
Dual Staking Benefits
ā”ļøDual staking lets BTC stakers earn
higher yields by also staking $CORE.
ā”ļø6,000 BTC already staked can now
participate in dual staking, which will
drive up demand for $CORE.
ā
Increased Demand for $CORE
ā”ļøAs the TVL of staked BTC grows,
demand for $CORE is expected to
increase.
ā”ļøBTC staking grew from 0 to 6,000
BTC in six months, with projections of
over 1,000 BTC joining the network,
which should further boost demand
for $CORE.
lstBTC and DeFi on Core
ā”ļølstBTC unlocks BTC for DeFi
applications on the Core chain,
enabling lending, borrowing, and
restaking.
ā”ļøThis expands Coreās ecosystem
and supports sustainable yields.
ā
Institutional Interest
ā”ļøInstitutional investors are
participating in Core's ETP and
integrating dual staking to earn yields
on their BTC holdings, highlighting the
appeal and growth potential of Coreās
ecosystem.
Overall this means more demand for $CORE
Disclaimer - Iām holding $CORE so
Please donāt forget to do your own
research
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.