Core Foundation Launches LstBTC: A Bitcoin-Based Liquidity Token for DeFi

Bittime - The cryptocurrency world has witnessed another revolutionary innovation with the launch of LstBTC by the Core Foundation. LstBTC is an ERC-20 liquidity pledge token that offers Bitcoin holders a unique opportunity to earn rewards while maintaining liquidity.

What is LstBTC?

LstBTC is a revolutionary token that allows Bitcoin holders to stake their BTC without sacrificing liquidity. By placing their BTC stakes through LstBTC, users can earn daily rewards in CORE tokens, the native token of the Core Foundation ecosystem. 

Unlike traditional staking, LstBTC allows users to maintain control over their Bitcoin, allowing them to use it in a variety of DeFi applications.

How Does LstBTC Works?

LstBTC operates on a multi-signature setup on the Bitcoin network. This means that multiple entities manage those tokens, ensuring enhanced security and transparency. Regular security audits are performed to maintain system integrity.

The process of using LstBTC is quite simple. Users simply lock their Bitcoins to get LstBTC tokens. These tokens can then be used in various DeFi applications, providing liquidity to the ecosystem. 

Daily rewards in CORE tokens are distributed to LstBTC holders based on their stakes.

Benefit of Using LstBTC

• Getting Rewards: LstBTC holders can earn daily rewards in CORE tokens, providing an additional source of income.
• Maintaining Liquidity: Unlike traditional staking, LstBTC allows users to maintain control over their Bitcoin, allowing them to use it in DeFi applications.
• Enhanced Security: Multi-signature setup and regular security audits ensure the security and integrity of LstBTC.

The Future of Bitcoin Staking

The launch of LstBTC marks an important milestone in the evolution of Bitcoin staking. By offering liquidity staking, the Core Foundation has opened up new possibilities for Bitcoin holders to earn rewards and participate in the DeFi ecosystem. 

As the cryptocurrency market grows, we can expect to see innovative solutions like LstBTC emerge in the future.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

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