Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
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CoreDAO Introduces LstBTC: A Bitcoin Liquid Staking Token

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The team behind the rapidly expanding Bitcoin side chain, CoreDAO, has introduced LstBTC, an ERC-20 liquid staking token pegged 1:1 to Bitcoin. This innovative token offers Bitcoin holders the opportunity to earn rewards without sacrificing the liquidity and usability of their assets within the Core ecosystem. 

The most exciting aspect of LstBTC is that it addresses the age-old struggle of choosing between staking for rewards or maintaining liquidity for DeFi among BTC holders. With LstBTC, holders can earn staking rewards without locking up their BTC, providing them with the flexibility to actively participate in lending, swapping, and various DeFi activities.

The function of the LstBTC token is designed to maintain a stable 1:1 peg to Bitcoin while also operating as an ERC-20 token, contributing to the versatility within the expanding BTCFi ecosystem and bridging the gap between staking and active DeFi participation.

In terms of security, CoreDAO has put into place a sophisticated multi-signature (multisig) arrangement on the Bitcoin network for LstBTC to ensure the protection of assets through a decentralized authorization protocol. This setup is overseen by trusted signers, regularly audited, and provides a safeguard for holders' assets while still allowing for liquidity and rewards.

The introduction of LstBTÇ signifies a new chapter for BTCFi. The Core's BTCFi ecosystem presents a comprehensive array of prospects, such as lending, borrowing, perpetual futures, NFTs, and beyond. This advancement enables Bitcoin holders to optimize their assets to the fullest and participate actively in the ever-changing DeFi environment.




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