coreDAO (CORE)

CoreDAO is a Bitcoin sidechain. It combines Proof-of-Work and Delegated Proof-of-Stake consensus mechanisms to enhance scalability and security.

Staking on CoreDAO involves delegating your CORE tokens to validators who contribute to network security and block production. Stakers earn rewards based on the validator’s performance and the amount staked.

Non-Custodial Bitcoin Staking allows Bitcoin holders to stake their BTC without transferring custody. This involves time-locking BTC on the Bitcoin network and delegating it to CoreDAO validators to earn rewards in CORE tokens.

Dual Staking enables users to stake both CORE and Bitcoin simultaneously, providing higher reward opportunities for Bitcoin staking.

Yes, Non-Custodial Bitcoin Staking ensures that your Bitcoin remains securely in your wallet and does not leave the Bitcoin blockchain during the staking process.

When you stake CORE, it will become active and begin earning rewards at the end of the current round. Each round is 24 hours long, so your CORE will be active within a day after staking. Unstaking CORE is instant, there is no unbonding period. 

When you stake BTC, it will become active and begin earning rewards at the end of the current round. Each round is 24 hours long, so your BTC will be active within a day after staking. 

When staking BTC, you’ll specify a locking period. If your locking period is 30 days, your BTC can be withdrawn 30 days after it is staked. Staked BTC cannot be withdrawn early on CoreDAO, you must wait for the lock period to elapse.

Staking involves risks, including slashing penalties if the validator you delegate to misbehaves or goes offline. Delegators should choose reliable validators to minimize risk.

Delegator principal is never at risk. If a validator misbehaves, their delegator may forefeit all or a portion of their rewards earned during the round the validator misbehaved.

All active validators on CORE earn the same amount of CORE rewards each day. After the validator takes its commission, the remaining rewards are distributed to delegators based on the amount of BTC and/or CORE they’ve staked to the validator.

Yes, you can redelegate your staked tokens to a different validator without needing to unstake. This ensures continuous reward accrual while switching.

Yes, staking typically involves transaction fees for delegating, redelegating, and unstaking. These fees are determined by the network and are paid in CORE tokens.

If you don’t actively manage your stake, your rewards will continue to accrue based on your current delegation. However, periodically reviewing your validator’s performance is recommended to avoid potential penalties or slashing which you can do here.