Core Foundation's founding contributor, Rich Rines, announced the launch of a Bitcoin yield ETP on the London Stock Exchange, utilizing the "Satoshi Plus" consensus mechanism. This approach integrates Bitcoin staking, CORE staking, and hash power delegation to achieve non-custodial BTC yields. The foundation aims to build a neutral Bitcoin yield infrastructure and develop a "new Bitcoin bank" through products like SatPay, combining BTC yields, collateralized lending, and payment solutions. This initiative seeks to merge Bitcoin DeFi with traditional finance.
Core Foundation Launches Bitcoin Yield ETP on London Stock Exchange
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