Core Unleashes Core Fusion Upgrade, Redefining Bitcoin Staking

The
Core
Foundation,
the
entity
dedicated
to
growing
 Core,
the
largest
Bitcoin
DeFi
ecosystem, today
announced
the
Core
blockchain’s
adoption
of
the
Fusion
Upgrade,
a
significant
update
to
the
Core
blockchain
that
redefines
the
potential
for
Bitcoin
staking.
The
Fusion
Upgrade
further
fuses
Core
and
Bitcoin
together
by
implementing Dual
Staking and
Liquid
Bitcoin
Staking
(LstBTC).
 

“With
the
launch
of
Fusion,
Core
is
elevating
the
possibilities
of
Bitcoin
staking
and
making
the
ecosystem
more
dynamic
and
rewarding
for
users,”
said
Rich
Rines,
Initial
Contributor
to
Core.
“This
upgrade
delivers
scalability
and
yield
enhancements
that
will
not
only
improve
the
experience
for
current
stakers
but
also
attract
new
participants
looking
for
sustainable
returns
in
the
BTCfi
space.”

The
Fusion
Upgrade
introduces
two
key
features
to
enhance
the
staking
experience:
Dual
Staking,
now
live,
and
LstBTC,
set
to
go
live
soon.

1.
Dual
Staking:
This
feature
is
a
game-changer
for
Bitcoin
stakers,
enabling
them
to
earn
even
greater
rewards. Dual
staking boosts
BTC
staking
rewards
for
stakers
of
both
Bitcoin
and
CORE
tokens. 

2.
LstBTC
–
Liquid
Staked
Bitcoin
Pegged
1:1
to
BTC:
LstBTC
is
an
ERC-20
liquid
staking
token
pegged
1:1
with
Bitcoin
(BTC).
This
innovation
enables
BTC
holders
to
earn
daily
rewards
in
CORE
tokens
while
maintaining
the
liquidity
of
their
Bitcoin—a
solution
to
the
longstanding
challenge
of
choosing
between
staking
and
liquidity
in
the
DeFi
space.

Sustainable
Staking
and
Unparalleled
Scalability
The
new
upgrade
underscores
Core’s
leading
role
in
yield
sustainability,
particularly
in
Bitcoin
staking.
The
introduction
of
liquid
staking
alongside
a
dual
staking
model
not
only
enhances
yields
but
also
ensures
scalability
across
the
network. 

Core
continues
to
lead
the
Bitcoin
staking
revolution,
having
launched
the
first-ever
non-custodial
Bitcoin
staking
protocol
that
has
secured
over
7,600
BTC.
As
the
only
end-to-end
BTCfi
solution,
Core
offers
both
a
Bitcoin
staking
yield
product
and
a
Bitcoin-secured
smart
contract
platform.
In
addition
to
staked
Bitcoin
and
CORE,
the
Core
blockchain
is
also
secured
by
Bitcoin
miners
who
delegate
hash
power
to
earn
CORE
token
rewards,
offsetting
declining
Bitcoin
block
subsidies.
Already,
Core
has
attained
~75%
of
Bitcoin’s
hashrate
delegated
to
its
security.
With
over
100
EVM-compatible
dApps
under
Bitcoin
miner
and
staker
protection,
Core
is
positioned
as
the
#1
Bitcoin
Scaling
chain,
empowering
tens
of
thousands
of
daily
active
users
and
over
$650
million
in
TVL.
The
upcoming
“Dual
Staking”
and
“LstBTC”
products
further
solidify
Core’s
dominance,
tying
CORE
and
Bitcoin
together
in
perpetuity.

For
frequently
asked
questions
about
Dual
Staking,
visit https://docs.coredao.org/docs/FAQs/dual-staking-faqs.
For
more
information
about
Core
Foundation,
please
visit https://coredao.org/. 

Core
serves
as
the
Proof
of
Stake
layer
for
Bitcoin
as
the
first
enabler
of
Non-Custodial
Bitcoin
Staking,
which
secures
a
fully
EVM-compatible
BTCfi
ecosystem.
Since
April
2024, over
7,600
BTC have
been
staked
with
Core,
enhancing
Bitcoin’s
utility
and
security.
Core
is
the
most
Bitcoin-aligned
EVM
blockchain
with
~75%
of
Bitcoin
mining
hash
power
contributing
to
the
network’s
security.
This
breakthrough
has
amassed
millions
of
Core
adopters
–
over 26M
unique
addresses, 300M+
transactions,
and over
650M
TVL since
its
mainnet
launch
in
January
2023.