the only thing that might be prevent you from eating good this cycle
1. ignoring my BTCFi threads
2. selling your btc for peanuts
3. number 1
Let's look into @Coredao_Org and what they are cooking
👇
( step by step guide on how to start farming! )
@Coredao_Org recently shared their plans to expand the BTCFi.
which includes Btc staking and how to get sustainable yields from it.
currently they have;
• 30m unique addresses & 275k daily txn.
• 55% of Bitcoin's hash power secures the Core network.
• over 100 DeFi dApps.
• Over 5,200 BTC (worth over $300m)
• TVL $330m+.
🔹 The New Layer For Bitcoin-
Core's main goal is to enhance Bitcoin's functionality.
It acts as a Proof-of-Stake (PoS) layer for Bitcoin, offering features like faster transactions, lower fees, and non-custodial Bitcoin staking.
🔹 Core is building supplemental rewards to counteract the programmed decline in block rewards.
Also providing scalable financial infrastructure for the Bitcoin asset that strengthens the security of the base Bitcoin layer.
🔹 Core's Tech
• Satoshi Plus: A security model involving Bitcoin miners, holders, and CORE holders.
• Absolute Time-Locks: Uses Bitcoin's native time-locks for non-custodial staking.
• EVM-Compatibility: Allows developers to build Ethereum-like applications on Core.
• Delegated Proof-of-Work: Miners can delegate hash power for rewards.
• 81-Year Emissions Curve: A sustainable long-term tokenomics design.
🔹 Their Unique Features
• End-to-End BTCfi: Offers a complete platform with over 100 dApps.
• Risk-Free Bitcoin Yield: Secured by time-locks, block rewards, and network fees.
• Bitcoin Proof of Stake Layer: Base layer for future staking features like LSTs and re-staking.
• Dual Staking: Earn higher yields by holding $CORE tokens.
• Pro-Bitcoin: Strong alignment with Bitcoin's success.
• Enhanced Bitcoin Security: Secured by both miners and stakers.
• Second Block Rewards: Replenishes security budget for miners.
• Usage and Adoption: with 30m unique addresses they seem to have growing ecosystem.
Step by step guide on how to start farming! twitter.com/155919319860577485...
🔹 Here's some latest Info from the ecosystem twitter.com/152689506486948659...
🔹 Relevant links
- Twitter - x.com/Coredao_Org
- Discord- discord.com/invite/coredaooffi...
- website - http:/coredao.org
- telegram-
- I've been pro BTCfi for a while now, I will just be keeping my eyes out on the ecosystem.
That's a wrap!
I hope u find this insightful or valuable somehow. Feel free to support me in my substack, use my referral link or just come chat with me in medium rare!
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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