Launching Liquid Staking on CORE: Introducing stCORE
Core is excited to announce the launch of Liquid Staking, a game-changing feature for CORE token holders. The brand-new stCORE is designed to enhance the utility of the CORE token and simplify the staking process. This initiative allows token holders to maximize their asset potential with greater flexibility and efficiency.
What is Liquidity Staking?
Staking CORE helps secure the network but prevents token holders from being exposed to different DeFi protocols as their tokens cannot be transacted. Minting a new Liquidity Staking Token unlocks a world of possibilities, allowing token holders to utilize their tokens in different interactions across a DeFi ecosystem.
Essentially, liquid staking unlocks liquidity for staked tokens, building upon existing staking systems.
Getting Started: Prerequisites
Before diving into liquid staking with stCORE, ensure you have:
https://stake.coredao.org/stcore
3. Your wallet connected to the platform.
Minting stCORE
Minting stCORE is straightforward:
Redeeming CORE from stCORE
To redeem your CORE from stCORE:
1. Start the process by selecting ‘Redeem CORE’.
2. Enter the amount of stCORE to redeem.
3. Confirm the action and approve it in your wallet.
4. A 7-day unlocking period begins, during which you can track your progress.
5. Once the period is over, you can withdraw CORE to your wallet.
This new feature marks a significant milestone in our journey towards making blockchain technology more accessible and user-friendly. We believe stCORE will empower our community members to leverage their assets more effectively, paving the way for a more flexible and inclusive financial ecosystem.
CORE’s Commitment
As an EVM-compatible Layer 1 blockchain powered by Bitcoin, Core is more than a technological feat. — it’s a return to the Web3 movement’s early ideals from 2008, providing developers a platform for building a new, fully decentralized internet. Our ecosystem is tailored for creating dApps that embody true decentralization. Core chain stands out with Ethereum’s composability and Bitcoin’s security, representing a significant leap in blockchain technology. Join us in this journey towards a decentralized, scalable, and secure internet future, leveraging the strengths of both Ethereum and Bitcoin.
