February 21, 2025
Bitcoin Staking Platform Core Joins Crypto Lender Maple and Custodians Bitgo, Copper, Hex Trust thumbnail
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Bitcoin Staking Platform Core Joins Crypto Lender Maple and Custodians Bitgo, Copper, Hex Trust

The abstity to earn yield on bitcoin and potentilly unleash a new wave of Liquidity Into the defi EcoSystem Has Become a Hot Topic of Late.”, – WRITE: www.coindesk.com

The abstity to earn yield on bitcoin and potentilly unleash a new wave of Liquidity Into the defi EcoSystem Has Become a Hot Topic of Late. Updated Feb 17, 2025, 11:04 PM UTCPUBLISHED FEB 17, 2025, 11:00 PM UTC

Core Foundation, The Creator of A Yield-Bearing Bitcoin Token, Has Partned with Institutional Lending Protocol Maple Finance and Custody Firms Bitgo, Copper and Hex Truck.

Core’s Istbtc Token Lets Institutional Participants Earn Yield on Bitcoin Holdings While Staying Safly Inside Trusted Custom ACTS. A LIQUID STAKING TOKEN, TO Issued in the Coming MONTHS by Maple, Will Allow Staged Btc to Be Used by Trading Firms and Asset Managers As Collalateral for Borrowing in Defi OR WITH TRADING CONDING COUNTING.

The abstity to earn yield on bitcoin and potentilly unleash a new wave of Liquidity Into the Defi EcoSystem Has Become a Hot Topic, with Protocols Like Babylon. A Massive, UnPAPED GROUP OF BTC HOLDERS WILL BE ABLE TO GET YIELD ON THEIR BTC Thanks to Core’s Dual-Staking Mechanism, SAID MAPLE CEO SID POWEll.

“Bitcoin’s Security Budget Will Face Problems in A FEW YEARS as MINers Receive Less Block Revenue Revenue,“ Powell Said in An Interview. “Staking Solutions Like Core Can Help Strengten Bitcoin Network Security by Giving Alternative Revenue Sources to Mines. Holders of Lstbtc Will Benefit From This by Earning Yield on Their BTC While in Custody, Which RepreSents An Immense Total Addressable Market. ”

Maple Launched An Existing BTC Staking Product on Core This Month. This Product Involves Locking Up Btc for 90 Days and Has a yilt Target of 5%-plus apy. The Liquid Staking Token BTC (Lstbtc) Will Be Instantly Redemable, Offering Better Liquidity. Therefore, Maple Expects a Slightly Lower Apr Range.

Powell Said Core is Placing Iself in An Excellent Competitive Position, As Things Are In Place To Be Firmst to Market with A Yield-Bearing Btc Liquid Staking Token.

“There Are Few BTC YIELD OPTIONS OUT there is. If You Look Across The Stack, Most of Them Are Just Points and They’re Not Liquid Yet or Delivering Yield in BTC.
Read More: Staking Will Define Bitcoin’s Role in The Global Digital Economy In 2025

Ian AllisonIan Allison Is A Senior Reporter at Coindesk, Focused on Institutional and Enterprise Adoption of Cryptocurrency and Blockchain Technology. Prior to that, he covered Fintech for the International Business Times in London and Newsweek Online. He Won the State Street Data and Innovation Journalist of the Year Award in 2017, and Was Runner Up The Following Year. He Also Earned Coindesk and Honourable Mentation in the 2020 Sabew Best in Business Awards. His November 2022 FTX Scoop, WHICH BROUGHT DOWN The Exchange and Its Boss Sam Bankman-Fried, Won A Polk Award, Loeb Award and New York Press Club Award. Ian Graduated from the University of Edinburgh. HE HOLDS ETH.

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Ian Allison

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