November 19, 2024 [Embargoes time November 19th, 7am UTC, 2am EST]—— Core Foundation announces the official launch of the Fusion upgrade. As the largest Bitcoin DeFi ecosystem today, this transformative upgrade aims to introduce two innovative products: Core Dual Staking and Core LstBTC, further integrating Core with Bitcoin and enhancing the decentralized financial value of BTCFi.

“With the complete rollout of the Fusion upgrade, Core will enhance the earning potential of Bitcoin staking, making the Bitcoin decentralized financial ecosystem more scalable and providing users with more opportunities to earn,” said Core early contributor Rich Rines. “The Fusion upgrade offers stronger scalability and earning opportunities. It will improve the current user experience of Core staking and even attract more participants looking to achieve sustainable returns in the BTCFi space.”

The Fusion upgrade introduces two key features to enhance the staking experience: the now live Dual Staking and the upcoming LstBTC.

1. Dual Staking

Dual Staking is a revolutionary breakthrough for Bitcoin stakers, allowing them to earn higher rewards. Dual Staking increases the BTC staking rewards for both Bitcoin and CORE token stakers.

2. Lst BTC - A liquid staking token pegged 1:1 to BTC

Lst BTC is an ERC-20 liquid staking token that is pegged 1:1 to Bitcoin (BTC). This innovation allows BTC holders to earn daily CORE token rewards while maintaining the liquidity of their Bitcoin, providing a solution for the long-term dilemma between staking and liquidity in the DeFi space.

Sustainable Staking and Exceptional Scalability

The Fusion upgrade keeps Core at the forefront of the Bitcoin staking economy, especially in terms of sustainable earnings and further performance enhancements. The introduction of Dual Staking and liquid staking tokens not only boosts earnings but also ensures the scalability of the network.

Core continues to lead the transformation of Bitcoin staking, having launched the first non-custodial Bitcoin staking protocol, with over 7,600 BTC staked since April 2024. As the only end-to-end BTC Fi solution, Core offers both Bitcoin staking products and smart contracts backed by Bitcoin. In addition to staked Bitcoin and CORE, the Core blockchain is secured on-chain by the hash power of Bitcoin miners – delegating hash power to earn CORE token rewards, offsetting the decline in Bitcoin block subsidies. Currently, Core has delegated about 75% of Bitcoin's hash power to on-chain validating nodes. With over 100 EVM-compatible dApps, under the protection of Bitcoin miners and stakers, Core is positioned as the leading Bitcoin scaling chain, supporting tens of thousands of daily active users and over $650 million in TVL. The upcoming products “Dual Staking” and “Lst BTC” further solidify Core's dominance, linking CORE and Bitcoin more sustainably.

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

For more information about the Core Foundation, please visit https://coredao.org/.

About Core

Core, as the proof-of-stake layer for Bitcoin, is the first to promote self-custodial Bitcoin staking, ensuring a fully EVM-compatible BTCFi ecosystem. Since April 2024, Core has staked over 7,600 BTC, with a total value exceeding $300 million, enhancing the utility and security of Bitcoin.

Core is the most aligned EVM blockchain with Bitcoin's philosophy, with approximately 55% of Bitcoin mining hash power contributing to its network security. This breakthrough has attracted millions of Core users – since the mainnet launch in January 2023, over 26 million unique addresses have been created, completing over 300 million transactions, and reaching a total locked value (TVL) of over $856 million.

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