Core Chain introduces Non-Custodial BTC Staking, a feature making BTC a yield-earning asset for the first time in its history. With ETFs opening BTC ownership and the upcoming Halving reducing miner rewards, Non-Custodial BTC Staking marks an opportunity for all BTC holders to earn yield for participating in Core Chain’s consensus mechanism and help bolster its security, all without ever giving up custody of their assets.
Non-Custodial BTC Staking does not require trusting a third party, wrapping assets, or leaving the Bitcoin Network in any way to stake BTC. To contribute to Core Chain’s security and earn CORE token rewards, any Bitcoin holder can stake BTC directly on the Bitcoin Network.
A Paradigm Shift for Bitcoin
The launch of Non-Custodial BTC Staking introduces a new era for BTC, defined in part by added utility brought to both the Bitcoin Network and the BTC asset. . For the first time, BTC holders are empowered to directly stake their BTC on the Bitcoin Network, without the need for wrapped assets or intermediaries, adding to the utilization and perception of Bitcoin as a store of value to a yield generating asset. This feature is designed not only to unlock BTC as a yield generator, but also to strengthen the Bitcoin-secured smart contract protocol, Core Chain.
“By introducing direct staking on the Bitcoin network, Core Chain reaffirms its position as a pioneer in the BTCfi space, turning it into a productive asset that can now be seen as more than a store of value. This breakthrough is set to unlock new possibilities. BTC holders are empowered to explore the potential of BTC while enjoying the security and trust of its network,” says Rich Rines, Core Chain contributor.
Empowering Bitcoin Holders
By participating in Non-Custodial BTC Staking, Bitcoin holders earn staking rewards by playing a role in Core Chain’s consensus process. Their involvement in staking assists in securing Core Chain’s consensus mechanism, known as Satoshi Plus, contributing to the network's decentralization and Bitcoin-alignment
Bitcoin’s New Era
By turning BTC into a yield-producing asset, Core Chain is opening the doors for a new and much larger financial landscape for Bitcoin. This BTCfi future will be defined by newfound utility for the Bitcoin Network and BTC asset, as both contribute to and benefit from Core Chain’s EVM-compatible dApp landscape.
The opportunity to participate via Non-Custodial BTC Staking is open to all BTC holders, particularly long-term holders who wish to passively earn yield.
About Core Chain
Core is a Bitcoin-powered blockchain unlocking EMV-Compatible BTCfi beginning with the first ever implementation of Non-Custodial BTC Staking and the world’s first yield bearing BTC ETP. Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security and over 4,700 BTC natively staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed millions of Core adopters - over 19M unique addresses and 260M transactions since its mainnet launch in January 2023.