Attention, Core community! Core Ignition is introducing a new opportunity to supercharge your Spark accumulation in the Core Ignition Drop. 5X Sparks Multiplier for assets staked in Pell Network, specifically for coreBTC, solvBTC.b, and solvBTC.m. Let's dive into the details.
What is Pell Network?
Pell Network is integrating with the Core blockchain to offer a new way for users to earn more from their Bitcoin Liquid Staking Tokens (LSTs) or derivatives. This integration builds on Core's first and only non-custodial Bitcoin staking solution, which uniquely offers sustainable yields on Bitcoin.
Pell Network goes further and enhances this by introducing a restaking layer, allowing users to further secure the network and earn additional rewards, thereby expanding the economic utility of Bitcoin.
Until now, Bitcoin LSTs were already earning returns, but Pell Network's restaking protocol takes it a step further. Here's how it works:
- Users stake their Bitcoin and receive LSTs in return
- Or users get Bitcoin derivatives (coreBTC).
- These LSTs and derivatives can now be restaked on Core through Pell Network, earning extra yield.
Core users are getting a brand new tool in their DeFi toolkit. This development opens up fresh staking opportunities to earn more from Bitcoin assets. It's adding a turbocharger to the existing DeFi engine on Core.
How Does the 5X Sparks Multiplier Work?
During this special campaign, any of these 3 assets you stake in Pell Network will earn you five times the usual Sparks points, daily: coreBTC, solvBTC.b, and solvBTC.m. These multipliers boost your Spark accumulation, giving you a powerful edge in the Core Ignition Drop. By staking, not only do you contribute to the security of the Bitcoin ecosystem, but you also enhance your chances of climbing the leaderboard and earning exclusive rewards within the Core Ignition Drop.
Why Participate?
Maximize Your Rewards: The 5X Sparks Multiplier gives you a considerable advantage in the Core Ignition Drop, increasing your potential to earn rewards.
Support Bitcoin Security: By staking in Pell Network, you're directly contributing to the security of the Bitcoin network.
Yield Opportunities: Not only will you be climbing the ranks in the Core Ignition Drop with these boosted Sparks but also taking advantage of Pell Network's yield on the assets that you choose to stake.
How to Get Started
Stake Your Assets: Visit Pell Network and stake your coreBTC, solvBTC.b, and solvBTC.m.
Watch Your Sparks Multiply: As you stake, your Sparks will multiply by five on a daily basis, boosting your position in the Core Ignition Drop.
This is a limited-time opportunity to boost your Sparks and make the most of your assets. The Core Ignition Drop campaign is heating up, and with the 5X Sparks Multiplier, now is the perfect time to stake in Pell Network and maximize your benefits. Join and be part of the BTCfi wave.
About Core
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 5,100 BTC natively staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed millions of Core adopters - over 19.9M unique addresses and 273M transactions since its mainnet launch in January 2023.