Core, a well-known platform for its Bitcoin-powered and EVM-compatible blockchain, has made a groundbreaking announcement. They have launched mBTC, which introduces the first-ever non-custodial BTC staking. This means that users can now stake Bitcoin without having to give up control of their assets. This is a significant milestone in the world of blockchain technology.
To make things even more exciting, mBTC is now live on Core. Users can bridge mBTC to Core, and it’s easier than you might think. For quick and small transfers (less than 2 mBTC), users can use a simple method provided by free.tech.
Core has simplified the process of BTC staking with the integration of mBTC. By linking mBTC to Core, users can easily stake their BTC and enjoy the benefits. This integration also allows users to free their assets early and fully liquidate staked assets, which helps uncover further yield. It provides a convenient and straightforward way for users to stake on BTC.
For larger transfers, the process is still simple and easy to follow. Users need to link their wallet and select the option called Merlin mBTC Bridge. Then, they need to indicate the amount they want to receive on Core and verify the recipient’s address. This streamlined process keeps users in control of their assets and enables them to engage in staking without any complications.
The introduction of non-custodial BTC staking on Core is a significant boost to the DeFi (decentralized finance) sector. It marks an important step in the development of the blockchain industry. Furthermore, the conversion of mBTC to Core offers better returns and promotes the use of Bitcoins in the decentralized finance space.
Overall, Core’s launch of mBTC and the integration with their platform is a game-changer for BTC staking. It provides users with a secure and convenient way to stake their Bitcoin assets while maintaining control. This development is set to revolutionize the blockchain industry and contribute to the growth of decentralized finance.