Earn Bitcoin Yield Without Losing Control: CoreDAO's Solution

The search for yield in the Bitcoin space has often come at the cost of security, with centralized lending platforms like BlockFi and Celsius collapsing and exposing investors to significant risk. CoreDAO aims to provide a self-custodial alternative, enabling Bitcoin holders to earn yield while maintaining complete control over their assets.

CoreDAO's Self-Custodial Staking

Founded in 2022, CoreDAO offers a staking solution that allows users to lock up their Bitcoin and earn up to 5% yield without relinquishing custody. According to Rich Rines of CoreDAO, Bitcoin holders no longer have to pick between security and yield.

Key features:

• Self-Custody: Users retain control of their private keys at all times.
• Yield: Earn up to 5% yield on staked Bitcoin.
• Security: The CoreDAO sidechain is secured by nearly 75% of Bitcoin's hash rate.
• DeFi Access: Unlock access to over 150 DeFi applications through Core's EVM-compatible environment.

Dual Staking and Maple Finance Partnership

CoreDAO's dual staking model offers even greater returns for users who stake both BTC and CORE tokens. A strategic partnership with Maple Finance, a leader in institutional DeFi, aims to provide a strong institutional gateway to the CoreDAO ecosystem. Maple Finance already secures over 2,000 BTC, and CoreDAO's yield provides an additional layer of incentive.

Liquid Staking Token (LST)

A liquid staking token is in the works, which could enable strategies like basis trading and call overwriting. CoreDAO estimates $1.5 billion in BTC inflows by year-end.

Key Takeaways

• CoreDAO offers a way to earn yield on Bitcoin without giving up self-custody.
• The platform is secured by a significant portion of Bitcoin's hash rate.
• A partnership with Maple Finance enhances institutional access to the ecosystem.
• A liquid staking token could unlock even more potential for Bitcoin holders.