Blockchain Core Foundation Launches Liquid Staking Token Pegged Against Bitcoin
Portfolio Pulse from Khyathi Dalal
Core Foundation has launched LstBTC, a liquid staking token pegged 1:1 with Bitcoin, allowing BTC holders to earn rewards while maintaining liquidity. This innovation addresses the DeFi challenge of choosing between staking and liquidity.
September 05, 2024 | 3:51 pm
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Core Foundation's launch of LstBTC, a liquid staking token pegged to Bitcoin, could enhance Bitcoin's utility in the DeFi space by allowing holders to earn rewards while maintaining liquidity.
The introduction of LstBTC allows Bitcoin holders to stake their assets without losing liquidity, potentially increasing Bitcoin's attractiveness in the DeFi space. This could lead to increased demand and positive sentiment for Bitcoin.
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