Core's Dual-Staking Model Attracts $260M in Assets, Driven by Institutional Interest

Core, a proof-of-stake blockchain built on Bitcoin, has surpassed $260 million in dual-staked assets, marking a significant milestone in the growth of Bitcoin-based decentralized finance (DeFi). This achievement is driven by the increasing interest from institutional investors in Bitcoin staking. As of April 7, over 44 million Core tokens have been dual-staked with 3,140 Bitcoin (BTC), underscoring the rising demand for Bitcoin staking solutions.

Core’s dual-staking model allows Bitcoin holders to earn higher yields by staking their BTC alongside CORE tokens. This model not only enhances the yield for users but also provides a sustainable utility for long-term Bitcoin holders without requiring them to relinquish custody. According to Core, dual staking can multiply base staking rewards over 15 times, depending on the number of CORE tokens staked. This innovative approach has attracted both retail and institutional investors, who are looking to maximize their returns on Bitcoin holdings.

The recent milestone was significantly influenced by institutional investors integrating Core’s staking model into their platforms. Major custodians such as BitGo, Copper, and Hex Trust have enabled their clients to access the protocol by integrating dual staking. Additionally, Core has partnered with Maple Finance for a structured asset that uses Core’s dual-staking to generate yield. This integration has been crucial in the early success of Core’s dual-staking model, unlocking new opportunities for institutions.

Historically, institutional Bitcoin holdings required paying custody fees without generating yield. However, by integrating Core’s staking model, institutions can turn Bitcoin into a yield-bearing asset that offsets costs and unlocks new capital efficiencies. This shift has broader implications for the Bitcoin ecosystem, as it allows institutions to participate in a system designed to reward real alignment and long-term engagement. The increase in the number of dual-staked CORE tokens reflects real adoption of the model, indicating that users, both retail and institutional, are actively looking to put their Bitcoin to work securely and sustainably.

At the time of writing, Core holds the biggest total value locked (TVL) among Bitcoin sidechains, with a market share of 28%. This underscores the growing demand for Bitcoin staking and the effectiveness of Core’s dual-staking model. The Core team emphasized that the increase in the number of dual-staked CORE tokens highlights how the product fulfills its design, offering a sustainable utility for long-term Bitcoin holders without requiring them to relinquish custody. This development signifies Bitcoin becoming productive through a system that rewards real alignment and long-term engagement, rather than relying on third parties.