News

New Platform CoreFi Strategy Launched to Boost Bitcoin Returns

DeFi Technologies Announced the Launch of CoreFi Strategy

Key Points:

Canadian firm DeFi Technologies introduced the CoreFi Strategy to provide leveraged, regulated Bitcoin and CORE returns.
Core blockchain, highly aligned with Bitcoin, utilizes Dual Staking to enhance Bitcoin yields, supported by extensive network security and a growing ecosystem.

CoreFi Strategy is a newly announced platform provided by DeFi Technologies, a listed Canadian company, that offers leveraged, regulated returns on Bitcoin and CORE, the native asset of Core blockchain.

DeFi Technologies Introduces CoreFi Strategy for Leveraged Returns on Bitcoin

The strategy is inspired by the MicroStrategy model of Bitcoin accumulation, positioning it to make most of BTCfi-a high-growth sector in financial application building on Bitcoin.

The CoreFi Strategy looks to amplify treasury holdings through the combination of BTC and CORE staking in conjunction with innovative financing. It opens access for capital market participants to high-beta Bitcoin returns within a compliant framework and is set to attract investors who want some exposure to the BTCfi sector.

CoreFi Strategy’s approach is set to leverage the staking mechanisms of Core blockchain, improving return potential for investors through the use of CORE tokens in unlocking additional yield on staked Bitcoin.

Core Blockchain Powers Growth for BTCfi with Dual Staking and Strong Ecosystem

Earlier this year, DeFi Technologies’ subsidiary Valour issued two critical products: a yield-bearing Bitcoin ETP and a CORE ETP. The yield-bearing Bitcoin ETP had yielded 5.65% on staked Bitcoin holdings and was the very first of its kind to integrate Core’s Non-Custodial Bitcoin Staking product.

The CORE ETP will be listed in Germany on the Börse Frankfurt and allows institutional investors to access CORE through regular brokerage accounts, further expanding access to CORE among institutional investors.

Core blockchain, known for its alignment to Bitcoin, is performing well in key metrics such as over 8,200 staked Bitcoins, close to 75% of Bitcoin mining hash power securing its network, and $700 million in TVL. Boasting over a million weekly active wallets and more than 310 million transactions, Core’s new Dual Staking feature ensures users can maximize Bitcoin staking yields by simultaneously staking CORE.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.