What to know:
- Behold! Core’s IstBTC token, a magical bean that allows the elite to reap the golden harvest of Bitcoin without so much as a whisper to their trusted custodians at BitGo, Copper, and Hex Trust.
- In a twist of fate, Maple will soon conjure a liquid staking token, turning staked BTC into mystical collateral for the alchemists of DeFi.
In a tale as old as time, the Core Foundation, weaver of the yield-bearing Bitcoin token, has conspired with the lending sorcerers of Maple Finance and the guardians BitGo, Copper, and Hex Trust to delve into the shadowy BTC staking realm.
Oh, the IstBTC token! A wondrous contraption that lets the institutional elite feast upon Bitcoin’s bounty, all while nestled comfortably in the arms of their beloved custodians, far from the treacherous clutches of smart contracts. And lo! A liquid staking token shall be born from Maple’s cauldron, enabling the use of staked BTC as a pawn in the grand game of DeFi and trade.
What a spectacle it is, this ability to milk Bitcoin for yield and inject lifeblood into the DeFi ecosystem! Protocols like Babylon have already joined the fray. Maple’s own Sid Powell proclaims that a vast horde of BTC hoarders shall soon revel in the spoils of Core’s dual-staking sorcery.
“Beware, Bitcoin’s security budget may wither in a few short years,” Powell warns from his throne. “Staking enchantments like CORE may yet save the realm, offering miners alternative treasures. Those who wield lstBTC shall reap the benefits, for the market is vast and ripe for the taking.”
Maple has conjured a BTC staking artifact upon CORE this very month. It demands a 90-day sacrifice for a yield of 5%-plus APY. The lstBTC, a token of liquidity, shall be as quick as thought, offering redemption in an instant, albeit with a slightly less tantalizing APR.
With a sly grin, Powell boasts that Core stands at the cusp of victory, poised to be the first to market with a yield-bearing BTC liquid staking token. A triumph of ambition, no doubt!
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2025-02-18 02:19