Core DAO Announcements
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Building BTCfi: Building on Core

It's time for another Building BTCfi roundtable, tomorrow at 1PM UTC with ChainGPT Pad, COREx, Dzap, Rivera, XLink and Core contributor Adam.

Don't miss out๐Ÿ”ฝ
https://x.com/i/spaces/1zkkz/i/spaces/1ZkKzRDMLjNKv
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Institutional adoption of CORE is now a reality๐Ÿ’ฅ

After launching CORE ETP, DeFi Technologies added CORE to their treasury and plans to participate in CORE staking.

Read all about it๐Ÿ”ฝ
https://prnewswire.com/news-releases/defi-technologies-expands-btc-treasury-holdings-and-diversifies-into-solana-core-and-core-dao-staking-302200118.html
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2x Spark Multiplier + Badge + 6,000 Sparks for stCORE๐Ÿ’ฅ

Only in #CoreIgnitionDrop...
๐Ÿ‘‰https://ignition.coredao.org

Read all about it๐Ÿ”ฝ
https://x.com/Coredao_Org/status/1816117205764919540
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Core Network Announces Dual Staking Model at Bitcoin 2024 Conference ๐Ÿ’ธ

Something incredible went down on July 25, 2024, at Bitcoin 2024 in Nashville โ€“ Core Foundation dropped a bombshell:
Dual Staking Model! ๐Ÿ”ฅ

Core Network is unleashing the Dual Staking Model to enhance Bitcoin yields,supercharge CORE utility, and set a new standard in the staking landscape!

Why is this significant?๐Ÿค”
๐Ÿ”ธ Dual Staking makes Bitcoin safer and more profitable by aligning Bitcoin and Core blockchains. It uses Core's strong mining power and dApp network to set a new standard to make Bitcoin more profitable as a yield-generating asset.

๐Ÿ”ธWith Dual Staking, Bitcoin stakers can now earn higher rates by staking both Bitcoin and CORE tokens, closing the economic loop between the two blockchains and enhancing network security.

๐Ÿ”ธ Analysts see Dual Staking as a game-changer for Coreโ€™s growth, making the CORE asset essential in Bitcoin finance to meet the growing demand for high-yield Bitcoin opportunities.

This is the future of Bitcoin finance unfolding right before your eyes, check it out, don't fade, and LFG Coretoshis!!!

Read more here:
๐Ÿ”—https://coredao.org/explore/blog/core-foundation-announces-dual-staking-model-to-boost-bitcoin-yields-and-set-market-standard
The 2nd claiming phase of Core Ignition Drop is opening tomorrow, July 31st at 12PM UTC ๐Ÿ”ฅ

stCORE rewards will be available to claim, and there are new Spark Multipliers - up to 7x - coming your way!

Get ignited with the latest news๐Ÿ’ฅ
๐Ÿ”—https://coredao.org/explore/blog/core-ignition-drop-up-to-7x-spark-multiplier-&-new-boosts-for-the-2nd-reward-claiming-phase
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Core DAO teams up with PlayZap Games for the PlayZap @telegram mini app battle!

PlayZap is a play-to-earn community-driven gaming platform where players can compete in skill-based tournaments on proven and highly engaging casual games

Starting today, the Gaming Battle takes place on Core's Telegram

โš”๏ธ 5 games, each with a tournament of their own
๐Ÿ—“ From Aug 7th - Aug 22nd
๐Ÿ’ฐ 10 winners per tournament

Join the battle and have some fun ๐Ÿ‘‡
https://t.iss.one/officialcoredao
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+100M Sparks are dropping in the latest #CoreIgnitionDrop campaign ๐Ÿš—

๐Ÿ’Ž 100K Sparks for connecting X to Core Ignition Dashboard
๐Ÿ’Ž 50M Sparks split between the top 10 tweets containing #CoreIgnitionDrop and #CoreIgnitionSeason2
๐Ÿ’Ž 50M Sparks split between the top 11-1000 tweets containing #CoreIgnitionDrop and #CoreIgnitionSeason2

๐Ÿ’Ž Bonus Sparks in TaskOn: ๐Ÿ˜
https://taskon.xyz/campaign/detail/569334432

Get ignited! More details๐Ÿ‘‡ : ๐Ÿ”ฅ
https://coredao.org/explore/blog/core-ignition-drop-100m-sparks-campaign

It's your time to shine!
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This fire isn't fading. More Sparks are coming with a lot more action.

Get ready ๐Ÿ”ฅ
https://ignition.coredao.org
Expanding Coreโ€™s Active Validator Set ๐Ÿš—

As the Core ecosystem continues to evolve and grow, there is a continuous need for efforts to ensure that the network remains decentralized, secure, and robust. As part of this need, Core Foundation is glad to announce the passing of the Core DAO community-approved CIP-2 proposal, which will expand the Core blockchain active validator set from 21 to 31 by Q2 of 2025. Following the first phase of successful expansion of the Core blockchainโ€™s active validator set from 21 to 23.

https://x.com/corechain_devs/status/1830562443447451900
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The #CoreIgnitionDrop Season 2 is coming with a whole new level of excitement, fresh rewards, electrifying Sparks, and thrilling activities in the Core ecosystem.

Join the AMA on Discord today at 2PM UTC to dive deep into it!
Donโ€™t miss outโ€”this could be the game-changer youโ€™ve been waiting for!

๐Ÿ‘‰https://discord.gg/coredaoofficial
Weโ€™ve observed fake posts appearing on Telegram channels, as reported by some of our Coretoshis.

If you see any Telegram posts with the word "AD," please do not click nor engage with them.

Instead, report the ad post to help us keep the community safe.
Giveaways for Coretoshis on Core DAO Discord ๐Ÿš—

๐Ÿ’Ž Those of you who were at the first town hall will already have the alpha on this: We are bringing in giveaways and WL from other projects to the community.

๐Ÿ’Ž We aim to spread the message of Core to other ecosystems and pursue additional ways to bring value to the Core Community.

๐Ÿ’Ž If you are interested in being notified of all giveaway opportunities, please join the Core DAO Discord and grab the Giveaways role in โ ๐Ÿ“•ใ€กget-roles channel.

๐Ÿ’Ž Remember while we seek to vet projects for โ alphabot-alerts channel , you are ultimately responsible for your own web3 journey, always DYOR. Projects on โ ๐ŸŽใƒปsubber-giveaway channel are not vetted.

If you have any questions on how to take advantage of giveaways just reach out to a member of the team. Thank you for being an awesome community! ๐Ÿ”ฅ
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New integration :

Segment Finance is now live on Core ๐Ÿš—

Segment Finance is a decentralized lending protocol and is live on Core with 12 markets, including CORE and $stCORE.
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Ignition Drop Season 2 is finally here ๐Ÿš—

Here's a quick recap of Season 1 and 2, and what's in store:

Season 1 of Core Ignition was a huge success, with over 50K user signups, 20+ engagement campaigns with 14 BTCfi projects, 200K+ social reach, 44M+ in asset engagements and billions of Sparks rewarded! ๐Ÿš€๐Ÿ”ฅ

For Season 1 participants, your hard-earned badges will carry over to Season 2. Your Season 1 team can continue, and those without an invite code will have a chance to unlock one. ๐Ÿ†๐Ÿ”‘

๐Ÿ”” Important updates for Season 2!
1๏ธโƒฃS1 token rewards will remain claimable for 6 months after S2 starts.
2๏ธโƒฃS1 badges and invitees can be carried over to S2.
3๏ธโƒฃS1 users without invite codes will unlock them upon logging in for S2.
4๏ธโƒฃS1 Sparks will reset to 0 when S2 begins.

โœจ Whatโ€™s changing in Season 2?
๐Ÿ’กA more user-friendly interface
๐Ÿ‘“A clearer dashboard to track your Sparks and assets
Expect even more Sparks to be awarded for participation! ๐Ÿ’Ž

๐ŸŽฎ Get ready for an exciting Season 2 with:
1๏ธโƒฃA gamified Spark mechanism to level up engagement
2๏ธโƒฃNew Web3 games to connect with more users
3๏ธโƒฃTeam play to collaborate and earn rewards! ๐Ÿ†๐ŸŒŸ

Shout out to our Season 1 dApp partners for their contribution to growing #BTCFi with us!
COREx, Colend, Glyph Exchange, Viridian, SushiSwap, Pell Network, NLX Trade, Archerswap, D3 Inc, Izumi Finance, Icecreamswap, Full Force, Bitreserve, Avalon Labs, Zeepr Labs, Wizard Gallery


๐Ÿš€ Donโ€™t miss out on the action! Season 2 will feature even more dApp partners to be revealed in the future.
Read our blog on Ignition Season 2 here: https://coredao.org/explore/blog/core-ignition-drop-season-2-is-live

P.S Don't forget that we have an upcoming spaces where we will cover Ignition Season 2 and a wrap up from #KBW2024 at Core Collective - alongside
Community of Core, nlx_trade, glyph_exchange, colend_xyz
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Weโ€™re excited to onboard LemonX on Core ๐Ÿš—, a decentralized derivative trading platform offering up to 50x leverage, deep liquidity, and an innovative fee structureโ€”all wrapped up in a lightning-fast platform.
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Davos Protocol is now live on Core ๐Ÿš—

Davos is a unique CDP protocol that lets users use ETH and BTC reward-bearing assets (like LSTs and LRTs) as collateral to mint DUSD.
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The Q2 2024 "State of Core" report from MessariCrypto just went live!

TLDR
- DeFi TVL up 1,032% ๐Ÿ“ˆ
- Daily DEX Volume increased by 12,000% ๐Ÿ“ˆ
- Average Daily Active Addresses increased by 51% ๐Ÿ“ˆ
- Total Revenue up 184% ๐Ÿ“ˆ
- Number of dApps integrated up 48% ๐Ÿ“ˆ
- BTC staking: 3,504 BTC staked ๐ŸŸง๐Ÿ”’

"With its strong foundation and growing community, Core is poised for continued growth and resilience."

Read the entire report here ๐Ÿ‘‡

https://messari.io/report/state-of-core-q2-2024
New integration - Gamma Strategies is now live on Core ๐Ÿš—

With Gammaโ€™s addition, Core's #BTCfi ecosystem is set to become even stronger, unlocking more opportunities for the #DeFi community!
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We're excited to onboard Minelabs on Core ๐Ÿš—

RuneMine is bridging BTCFi and Solana, opening up new possibilities for digital assets across both ecosystems.
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