{"id":126806,"date":"2025-04-09T14:16:53","date_gmt":"2025-04-09T14:16:53","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126806"},"modified":"2025-04-09T14:16:53","modified_gmt":"2025-04-09T14:16:53","slug":"bitcoin-defi-booms-as-core-blockchain-hits-260m-in-dual-staked-assets","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126806","title":{"rendered":"Bitcoin DeFi booms as Core blockchain hits $260M in dual-staked assets"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCore, a proof-of-stake blockchain built on Bitcoin, has surpassed $260 million in dual-staked assets as institutional interest in Bitcoin-based decentralized finance (DeFi) continues to grow.<br \/>\nCore\u2019s initial contributor, Rich Rines, told Cointelegraph that as of April 7, over 44 million Core tokens have been dual-staked with 3,140 Bitcoin (BTC). At the time of writing, the assets are worth about $260 million.\u00a0<br \/>\nCore\u2019s dual-staking model lets Bitcoin holders earn higher yields with CORE tokens. While users can stake BTC at a lower rate, those who stake BTC with Core tokens get an enhanced yield.\u00a0<br \/>\n\u201cDual Staking can multiply base staking rewards over 15 times, depending on how many CORE tokens are staked,\u201d Core said in a statement.\u00a0<br \/>\nCore\u2019s new milestone highlights growing demand for Bitcoin staking<br \/>\nThe latest milestone was driven in part by institutional investors integrating Core\u2019s staking model into their platforms.<br \/>\nCore Foundation said that major custodians like BitGo, Copper and Hex Trust have enabled their clients to gain access to the protocol by integrating dual staking. Core added that it had partnered with Maple Finance for a structured asset that uses Core\u2019s dual-staking to generate yield.\u00a0<br \/>\nRines told Cointelegraph that institutions have been crucial catalysts to the early success of its dual staking model. He said the model unlocks new opportunities for institutions.\u00a0\u00a0<br \/>\n\u201cThis shift has broader implications for the Bitcoin ecosystem. Historically, institutional BTC holdings required paying custody fees without generating yield,\u201d Rines told Cointelegraph.<br \/>\nHe added that by integrating Core\u2019s staking model, institutions can turn Bitcoin into a yield-bearing asset that offsets costs and unlocks new capital efficiencies.<br \/>\nAt the time of writing, Core holds the biggest total value locked (TVL) among Bitcoin sidechains. Footprint analytics puts Core\u2019s TVL above $400 million, with a market share of 28%.\u00a0\u00a0<br \/>\nDistribution of chain TVLs among Bitcoin sidechains. Source: Footprint AnalyticsRelated: Bitcoin ETFs lose $326M amid \u2018evolving\u2019 dynamic with TradFi markets<br \/>\nBitcoin becoming \u201cproductive\u201d\u00a0<br \/>\nThe Core team said the increase in the number of dual-staked CORE tokens highlights how the product fulfills its design. Rines told Cointelegraph:\u00a0<br \/>\n\u201cThe 44 million+ CORE tokens dual-staked to date show real adoption of the model. It reflects that users, both retail and institutional, are actively looking to put their Bitcoin to work securely and sustainably.\u201d<br \/>\nRines emphasized that Core\u2019s dual-staking system offers a sustainable utility for long-term Bitcoin holders without requiring them to relinquish custody.<br \/>\n\u201cThis is Bitcoin becoming productive, not by trusting third parties, but by participating in a system designed to reward real alignment and long-term engagement,\u201d Rines said.<br \/>\nMagazine: New \u2018MemeStrategy\u2019 Bitcoin firm by 9GAG, jailed CEO\u2019s $3.5M bonus: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/core-blockchain-institutional-adoption-260-million-dual-staking?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCore, a proof-of-stake blockchain built on Bitcoin, has surpassed $260 million in dual-staked assets as institutional interest in Bitcoin-based decentralized finance (DeFi) continues to grow. Core\u2019s initial contributor,&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126806"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126806"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126806\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126806"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}