Core, a well-known blockchain platform powered by Bitcoin and compatible with the Ethereum Virtual Machine (EVM), has made a groundbreaking announcement. They have launched mBTC, which introduces the world’s first non-custodial BTC staking. This innovative development allows users to stake Bitcoin without surrendering control of their assets, marking a significant milestone in the world of blockchain technology.
Excitingly, mBTC is now live on Core’s platform, and users can bridge their mBTC to Core. To do this, they can follow a simple process outlined by Free.tech. This process allows users to free their assets early and fully liquidate their staked assets, thereby uncovering further yield. By integrating mBTC into Core, staking BTC becomes more accessible and convenient, simplifying the entire process for users.
This new feature is especially beneficial for larger transfers, as the process is straightforward and easy to follow. To get started, users need to link their wallet to Core and select the option called Merlin mBTC Bridge. Then, users indicate the amount they wish to receive on Core and verify the recipient’s address. This streamlined structure ensures that users retain control of their assets and can participate in staking without any complications.
Core’s introduction of non-custodial BTC staking is a significant advancement for the DeFi (decentralized finance) sector. It strengthens the ecosystem by offering better returns and promoting the use of Bitcoins within the decentralized finance space.
Overall, Core’s integration of mBTC and the introduction of non-custodial BTC staking represent important steps forward in the development of the blockchain industry. This progressive move not only empowers users to stake their Bitcoin without relinquishing control but also enhances the potential for growth and innovation within the decentralized finance realm.
