Core Blockchain (Core DAO): The Destination for Bitcoin Yield & Bitcoin Staking
Core Blockchain (Core DAO): The Destination for Bitcoin Yield & Bitcoin Staking
Sustainable Yields with Bitcoin Staking: How Core Pioneered it and is Shaping its Future
4 min read · August 26, 2024
Sustainable Yields with Bitcoin Staking: How Core Pioneered it and is Shaping its Future

TL;DR

  1. Core launched the first-ever non-custodial Bitcoin staking protocol, securing over 5,200 BTC since April 2024, with a value exceeding $300M, solidifying its dominance as the only Bitcoin staking solution as other players focus on researching restaking solutions
  1. Core offsets Bitcoin’s declining block subsidies by rewarding miners who contribute to Core’s security by delegating hash power with CORE token rewards. 55%+ of the Bitcoin hashrate is currently receiving CORE rewards.
  1. Core scales Bitcoin by serving as the Proof-of-Stake layer on Bitcoin, unlocking its full potential for faster, cheaper, and higher throughput transactions.
  1. Core is the leader in BTCfi, with an ecosystem that includes over 100 EVM-compatible dApps
  1. Core’s 81-years reward emissions are sustainable, planned for stakers and Bitcoin miners, including the upcoming “Dual Staking” option that acts as a unique base layer yield for Bitcoin.
  1. Amid growing competition, Core is the only end-to-end BTCfi solution that enhances Bitcoin’s utility and security with 10’s of thousands of daily active users and over $315M in TVL.
5200+ BTC Staked on Core

5200+ BTC Staked on Core

The Strain on Miners: Bitcoin's Scalability and Economic Viability

Bitcoin is famously the most finite asset, largely thanks to its halving schedule, which reduces miner block rewards by half approximately every four years. However, this significant reduction in emissions presents challenges. Miners, who are essential to securing the Bitcoin network, are facing diminishing incentives. Before the introduction of Core, there weren’t viable solutions to counteract these rapidly declining rewards that didn’t negatively impact Bitcoin (like adding tail emissions to change the 21M total supply). Transaction fees rarely exceed 10% of the block rewards, and due to Bitcoin’s deliberate scalability limitations, the network cannot sustainably handle the volume of transactions required while remaining economically viable for most users.

For Bitcoin to reach its full potential, it requires two key elements:

  1. Supplemental rewards to counteract the programmed decline in block rewards.
  1. Scalable financial infrastructure for the Bitcoin asset that strengthens the security of the base Bitcoin layer.

Bitcoin has the budget to secure that future. Over $1.2 trillion in Bitcoin value remains passively untapped. It just requires a new entrant to fully unlock its utility both for the usage of the Bitcoin asset and the security of the Bitcoin network.

How it all started

Core began as a self-funded project focused on supporting its early community. When it launched its mainnet in January 2023, Core adopted a fair launch model that emphasized equitable token distribution and community involvement. The introduction of Satoshi Plus redefined Bitcoin mining by adding a second block reward, increasing miner participation, with over 55% of Bitcoin's hash power now securing the Core blockchain within a year.

In April, Core launched the first non-custodial Bitcoin staking protocol, setting a new standard for Bitcoin. This positioned Core as a leader in Bitcoin staking, with over 5,200 BTC staked since April 2024. Core is advancing EVM-compatible BTCfi with its non-custodial Bitcoin staking, offering sustainable yield on the Bitcoin blockchain; This is the first opportunity to earn yield native to Bitcoin.

Core in numbers

Core in numbers

The PoS Layer for Bitcoin

Core is here to solve this problem by becoming the Proof-of-Stake (PoS) layer for Bitcoin, leading BTCfi.

Core’s mission is to unlock Bitcoin’s full potential, serving as the utility layer for Bitcoin finance. It begins by enabling faster, cheaper, and higher throughput transactions. But Core doesn’t stop at transaction speed. By integrating features like Non-Custodial Bitcoin Staking, NFTs, and a range of DeFi protocols, Core is host to an end-to-end BTCfi ecosystem that allows users to engage in a broader range of activities without compromising on security or decentralization.

Imagine a world where Bitcoin is the primary economic asset, and Bitcoin economic activity can flow seamlessly through Core’s scalable and secure rails. In this future, Bitcoin miners are not only secure but also sustainably yield-bearing, thanks to Core’s Bitcoin staking and rewards paid to miners delegating Bitcoin hash power to help secure the Core network. Core serves as the digital oil that facilitates the efficient transfer and scaling of Bitcoin, ultimately unlocking its $1.2 trillion+ potential.

Core’s Technological Foundation for BTCfi

Core’s innovative approach is anchored in several key components:

  • Satoshi Plus: This security model involves Bitcoin miners, Bitcoin holders, and CORE holders, ensuring decentralized security and significant economic capital backing the network.

  • Absolute Time-Locks: Core’s non-custodial Bitcoin staking leverages Bitcoin’s native time-locks, requiring no new trust assumptions.

  • EVM-Compatibility: Core’s EVM-compatibility allows developers to build anything on Core that they could build on Ethereum, but with added Bitcoin protection, faster block times, and cheaper fees.

  • Delegated Proof-of-Work: This feature enables miners to delegate their hash power with zero additional cost while earning CORE token rewards.

  • 81-Year Emissions Curve: Core’s tokenomics are designed for long-term sustainability, focusing on enduring yield sources.

What sets Core apart from other Bitcoin sidechains?

As the Bitcoin staking scene heats up with new contenders, Core contributors have been rolling out tech to redefine Bitcoin’s role as both an asset and a transaction rail. With innovations like the first non-custodial Bitcoin staking and a dual staking model, Core is stepping up as a leader in Bitcoin staking and BTC finance, boosting Bitcoin’s utility in the process.

  1. End-to-End BTCfi: Core provides a complete BTCfi platform, powered by over 100 EVM-compatible dApps, secured by Bitcoin miners and stakers.
  1. First and Only Bitcoin Staking Protocol: Core’s non-custodial Bitcoin staking is the first live Bitcoin staking solution, uniquely positioned to lead BTCfi’s evolution. Core allows users to earn sustainable yield on their Bitcoin without ever giving up custody of their coins, ensuring both security and profitability.
  1. Setting the Bitcoin Risk-Free Rate: Core offers a truly risk-free (explained earlier) way to earn yield on Bitcoin, secured by Bitcoin’s time-lock features and supported by block rewards and network fees.
  1. Bitcoin Proof of Stake (PoS) Layer: Core serves as the base staking layer upon which builders will add more staking features such as Liquid Bitcoin Staking (LSTs) and Bitcoin Re-Staking, thereby adding more security and liquidity functionality.
  1. Dual Staking for Higher Yields: By holding CORE tokens, users can access even greater Bitcoin yields, enhancing their staking returns through a unique relationship between CORE and Bitcoin.
  1. Bitcoin-Alignment: With 55% of Bitcoin hash power delegated to securing Core, over 100 Bitcoin-secured dApps, and a growing user base, Core is the most Bitcoin-aligned blockchain in the market.Core’s success is intrinsically tied to Bitcoin’s success, creating a win-win scenario for all Bitcoin stakeholders.
  1. Enhanced Bitcoin Security: Core’s network is secured by a combination of Bitcoin miners and Bitcoin stakers, providing a robust security layer that reinforces Bitcoin’s long-term viability.
  1. Second Block Rewards for Bitcoin Miners: As Bitcoin’s block rewards decrease over time, Core steps in to replenish the security budget, ensuring that miners continue to secure the network effectively.
  1. Usage and Adoption: Core is already one of the most used Bitcoin scaling chains, with a rapidly growing ecosystem and a strong community.

The future of Bitcoin finance will be built on Core. No other platform offers the same level of Bitcoin-alignment, trust, and engagement. Where will liquid Bitcoin staking and Bitcoin re-staking live? On Core, the only platform with truly non-custodial Bitcoin staking. Where will miners turn when their block rewards decline? Core, the only Delegated Proof of Work chain designed for the long term health of Bitcoin. Where will developers look to build the next BTCfi super app? On Core’s EVM rails where tens of thousands of users interact every day. Digital gold has met its digital oil counterpart, and it’s CORE.

About Core

Core serves as the Proof of Stake layer for Bitcoin as the first enabler of Non-Custodial Bitcoin Staking, which secures a fully EVM-compatible BTCfi ecosystem. Since April 2024, over 5,200 BTC valued at more than $315 million have been staked with Core, enhancing Bitcoin’s utility and security.

Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security. This breakthrough has amassed millions of Core adopters - over 20M unique addresses, 275M+ transactions, and over 315M TVL since its mainnet launch in January 2023.