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Core Foundation Rolls Out LstBTC for Bitcoin Staking Solutions
Core Foundation, a non-profit organization dedicated to the growth and development of the decentralized network, has introduced LstBTC, a new liquid staking token that mirrors the value of Bitcoin (BTC) on a 1:1 basis.
According to an announcement on Thursday, September 5, the liquid staking token aims to solve an age-old challenge in the world of decentralized finance (DeFi) economy: the trade-off between staking rewards and asset liquidity. The new token, compatible with ERC-20 smart contracts, allows Bitcoin holders to earn rewards in CORE, the native crypto of the Core blockchain, while retaining the liquidity of their Bitcoin.
Secure Multisig Setup
The new development allows users to earn rewards while staking their BTC and, at the same time, use the leading crypto assets for other activities, including trading, lending, and swapping across chains for other ERC-20 tokens.
“Bitcoin holders
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