DeFi Technologies launches Core chain validator, stakes 1,498 BitcoinIn May, the partners launched the first yield-bearing BTC ETP in Scandinavia. DeFi Technologies will launch a validator node on Core Chain and stake almost $100 million in Bitcoin BTCtickers down$69,176 on it. Toronto-based DeFi Technologies will receive rewards for validating transactions and staking rewards through its subsidiary Valour. Staking is enabled by Core’s Ethereum Virtual Machine-compatible consensus mechanism on its layer-1, BTC-powered blockchain. DeFi Technologies CEO Olivier Roussy Newton said:“We are advancing our mission to bridge traditional finance with innovative blockchain technology […] This approach offers our investors unique exposure to yield and growth within the digital asset space."Stakers retain custody of their BTC throughout the lockup period and receive rewards in CORE token, which is reinvested in the product. Staked CORE provides a reward of 11.66%.
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