Blockchain Core Foundation Launches Liquid Staking Token Pegged Against Bitcoin

Title: Core Foundation Launches LstBTC, a Liquid Staking Token Pegged Against Bitcoin

Core Foundation has announced the launch of LstBTC, an ERC-20 liquid staking token that is fully pegged to one Bitcoin. This innovative solution addresses challenges in the decentralized finance (DeFi) space, offering Bitcoin holders daily rewards in CORE tokens while preserving their Bitcoin's value and maintaining its liquidity. LstBTC eliminates the traditional need for locking up assets, allowing users to lend, transfer, or swap their Bitcoin like any other ERC-20 token.

The introduction of LstBTC marks a significant milestone in the DeFi space, as it offers a solution to the liquidity challenge and enables Bitcoin holders to enjoy the benefits of staking without compromising on asset liquidity. This development has the potential to revolutionize the way Bitcoin is used in the DeFi ecosystem, opening up new opportunities for users and fostering growth in the sector.