Unlocking Bitcoin's Potential: BitGo and Core DAO's Revolutionary Dual Staking Partnership

BitGo Partners with Core DAO for Bitcoin Yield

BitGo, a leader in cryptocurrency custody, is transforming institutional investment in Bitcoin through a groundbreaking partnership with Core DAO. This collaboration introduces dual staking, allowing institutional Bitcoin holders to earn scalable yields while ensuring their assets remain secure.

For the first time, institutional investors can stake their Bitcoin using BitGo, while also participating in Core’s innovative staking system. This means that Bitcoin holders can earn additional rewards by staking Core tokens, significantly boosting their returns without relinquishing control over their assets.

Core DAO has swiftly emerged as a leading player in Bitcoin DeFi, and this partnership marks a significant advancement for both platforms. With over $1 billion in value locked within its ecosystem, Core is paving the way for Bitcoin investors to explore new revenue streams.

Rich Rines from Core DAO stated, “BitGo’s integration of Core is a pivotal moment for institutional-grade Bitcoin staking. By combining Core’s secure and scalable staking solutions with BitGo’s unmatched custody services, we’re entering a new era of Bitcoin DeFi.”

The dual staking model allows Bitcoin holders to lock their BTC to secure the Core blockchain, earning rewards in both Bitcoin and Core tokens. This method not only offers higher returns than traditional staking but also mitigates the risks usually associated with staking.

This partnership is revolutionizing institutional Bitcoin staking. As Bitcoin's significance continues to rise, Core’s dual staking model unlocks new avenues for Bitcoin to play a crucial role in decentralized finance (DeFi). The collaboration will be prominently featured at the Bitcoin Fusion MENA conference in Abu Dhabi on December 10, 2024.