Core DAO, the entity behind the largest Bitcoin DeFi ecosystem, has declared 2024 a transformative year for Bitcoin.
In a year-end announcement, the organization highlighted its groundbreaking achievements in unlocking new Bitcoin use cases and provided a glimpse of what lies ahead in 2025, including the launch of Bitcoin-backed stablecoins and expanded financial utilities.
Revolutionizing Bitcoin Yield
Core DAO’s accomplishments in 2024 focused on addressing longstanding challenges in Bitcoin utilization. One of the most significant breakthroughs was unlocking non-custodial Bitcoin yield. Traditionally, earning yield on Bitcoin required users to relinquish custody of their assets.
Core DAO changed that narrative by introducing non-custodial staking. Over 6,500 BTC is staked on the Core blockchain, making yield generation more secure and accessible to all.
Another innovation was the introduction of dual staking, which offers enhanced Bitcoin yields while ensuring sustainability for both Bitcoin and Core DAO token stakers. These advancements have established Core DAO as a trusted name among institutional Bitcoin holders seeking secure yield options.
Expanding Bitcoin’s Role in DeFi
Bitcoin’s role in DeFi was historically minimal, but Core DAO’s efforts in 2024 unlocked its untapped potential. The platform boasts $900 million in total value locked (TVL) and over 32 million unique wallet addresses, making it a leader in the Bitcoin DeFi ecosystem, dubbed BTCFi.
Core DAO also adopted the Fusion Upgrade, a significant enhancement that further integrates Bitcoin into the Core blockchain. The upgrade introduced features that improved the staking experience and solidified Core’s position as a hub for Bitcoin-based financial applications. Major names like Copper and BitGo have embraced Core’s dual staking model, further validating its solutions.
Looking Ahead: Core DAO’s 2025 Roadmap
As Core DAO reflects on its transformative 2024, the organization is setting even more ambitious goals for 2025. A key highlight of its roadmap is the introduction of Bitcoin-backed stablecoins, which are poised to expand Bitcoin’s utility within DeFi.
Other plans include liquid staking for Bitcoin and attracting more builders to develop financial use cases on the Core blockchain.
Core DAO envisions Bitcoin-backed stablecoins as a pivotal innovation that will stabilize Bitcoin’s value for practical use in transactions and DeFi protocols. Additionally, the organization aims to enhance Bitcoin’s accessibility and usability for institutional and retail investors alike.
Closing a Groundbreaking Year
Core DAO’s strides in 2024 have redefined Bitcoin’s potential in DeFi, and its plans for 2025 promise to build on this momentum. By introducing Bitcoin-backed stablecoins and expanding its ecosystem, Core DAO is set to cement its role as a leader in the Bitcoin DeFi revolution, offering innovative solutions that empower users while driving mass adoption.
With a solid foundation built in 2024, the future of Bitcoin DeFi, underpinned by Core DAO, looks brighter than ever.
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