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International Business Times

Business

Marvie Basilan

EXPLAINED: Core foundation announces lstbtc a liquid staking token on core blockchain | Vintage Vibes

CORE Bitcoin blockchain

LstBTC will allow users to earn staking rewards while retaining their Bitcoin's liquidity. (Credit: Core Foundation)

KEY POINTS

Every LstBTC token is fully pegged to one Bitcoin, ensuring its value stability
The LstBTC token bridges the gap between staking and liquidity in Bitcoin
The new token features a Multisig wallet setup to ensure enhanced security

The Core Foundation, a group dedicated to sponsoring ecosystem development on Core's Bitcoin-powered blockchain, has announced LstBTC, an ERC-20 liquid staking token pegged 1:1 with Bitcoin (BTC), the world's top cryptocurrency by market value.

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