Core

2024

Bitcoin

DeFi

<p>Core, renowned for its Bitcoin-powered and EVM-compatible blockchain, has announced the launch of <a href="https://x.com/Protocol_Free/status/1808436148563288104" target="_blank" rel="noopener noreferrer nofollow">mBTC</a>, introducing the first-ever non-custodial BTC staking. This groundbreaking development allows users to stake Bitcoin without giving control of their assets. It marks a significant milestone in blockchain technology.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">🚀Be ready! M-BTC is live on <a href="https://twitter.com/Coredao_Org?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Coredao_Org</a>!<a href="https://twitter.com/hashtag/Core?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Core</a> known for Bitcoin-powered, EVM-compatible blockchain, is introducing the first non-custodial BTC staking.<br><br>🥳Now users can bridge mBTC to <a href="https://twitter.com/hashtag/Core?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Core</a>, here's how:<br><br>1️⃣ For quick and small amount transfer(&lt; 2 mBTC), please use… <a href="https://t.co/fbeSjisb59" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fbeSjisb59</a></p>— Free (@Protocol_Free) <a href="https://twitter.com/Protocol_Free/status/1808436148563288104?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 3, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="core-simplifies-btc-staking-with-mbtc-integration">Core Simplifies BTC Staking with mBTC Integration</h2>
<p>Using this new feature, users can link mBTC to Core. This is supported by free.tech that allows users to free their assets early and fully liquify staked assets helping uncover further yield. Integration of the mBTC to Core makes it easier to stake on <a href="https://blockchainreporter.net/bitcoin/" rel="noopener noreferrer nofollow">BTC </a>since it provides a convenient and easy way of completing the process.</p>
<p>This really applies for large transfer where the process is very simple and easy to follow. To get started, the users have to link their wallet and choose the option named Merlin mBTC Bridge. Subsequently, they indicate the amount they would like to receive on Core and verify the recipient’s address. This simplified structure keeps users in control of their assets and allows them to engage in staking without complications.</p>
<h2 class="wp-block-heading" id="core-boosts-defi-with-non-custodial-btc-staking">Core Boosts DeFi with Non-Custodial BTC Staking</h2>
<p>It is noteworthy that the introduction of non-custodial BTC staking on Core is a very important step in the development of the blockchain industry.</p>
<p>Lastly, the conversion of mBTC to Core is progressive since it would offer better returns and promote Bitcoins within the decentralized finance space.</p>

Core Introduces Non-Custodial BTC Staking with mBTC

Table of Contents

BlockchainReporter

Other articles published on Jul 3, 2024

Bitcoin Miner Northern Data Plans Dual Nasdaq IPO for Cloud and Mining Divisions

Altcoin Season Looms: Must Buy Cryptocurrencies Before It Is Too Late: NEAR, LTC, and RBLK

Traders Look Past Sinking Legacy Coins Cardano (ADA) and Ripple (XRP) as Hybrid Platform Takes Over

$TEA Memecoin Raises Staggering $3.4M in Just 10 Minutes From Presale

Base Dawgz Launches Staking As ICO Surpasses $2.3 Million For New Multichain Meme Coin

Prembly and Peleza announce strategic merger to become Prembly group

Join our free newsletter for daily crypto updates!