Summary
TLDR: Core Chain now allows BTC holders to stake their tokens using a new consensus mechanism, Satoshi Plus, combining DPoW and DPoS. This is the first non-custodial BTC staking opportunity. DeFi Technologies Inc.’s subsidiary, Valour, is launching a yield-bearing BTC ETP and Core ETP. Valour plans to stake $100 million in BTC through the new product. Core has had a successful few months with the launch of the Core Venture Network, NFT marketplace, and CoreBTC.
Key Points
1. Bitcoin-powered layer-one blockchain Core Chain now allows investors to stake their BTC through its consensus mechanism called Satoshi Plus, combining DPoW and DPoS.
2. Traders can earn yield by staking BTC without wrapping the token or losing custody of their assets, making it the first-of-its-kind non-custodial BTC staking opportunity.
3. DeFi Technologies Inc.’s subsidiary, Valour, is launching a yield-bearing BTC ETP and a Core ETP to offer investors novel ways to engage with Bitcoin and Core Chain’s staking opportunities, with plans to stake $100 million in BTC through the new product.