The Core Foundation has announced that it will introduce a dual staking model for Core Chain. The model builds on Core’s existing non-custodial Bitcoin staking system, which was launched earlier this year. The dual staking model allows Bitcoin holders to earn higher yields by staking both Bitcoin and CORE tokens. While users can continue to stake only Bitcoin to earn the base “risk-free rate,” those who also stake CORE tokens will be eligible for an enhanced “dual staker rate.”
In addition, long-term stakers will receive higher returns compared to short-term stakers. The foundation said that since its launch in April, the non-custodial Bitcoin staking system on Core Chain has attracted approximately 5,000 Bitcoins, worth approximately $309 million. (Decrypt)