Latest news with #RichRines
Business Wire
11 hours ago
- Business
- Business Wire
Core Leads Bitcoin Track at Permissionless IV Amid Growing Institutional Interest
SINGAPORE--(BUSINESS WIRE)-- The Core Foundation, the entity powering Core, the leading Bitcoin scaling protocol, is set to present the most exciting Bitcoin track at Permissionless IV, one of the industry's largest builder and developer gatherings, taking place June 24–26. As institutional and developer interest in Bitcoin-based applications grows, Core is anchoring key conversations on Bitcoin's expanding financial use cases, through curated panels, fireside chats, and community showcases. Bitcoin Track Curated by Core On June 24 at Permissionless IV, there will be a dedicated Bitcoin Track presented by Core, spotlighting key voices driving the next chapter of Bitcoin, from DeFi and credit markets to scaling debates and infrastructure design. The afternoon kicks off with 'Bitcoin DeFi: Making BTC a Productive Asset' (1:30–2:10pm), a deep dive into structured yield and Bitcoin-native credit markets. Speakers include Darren Mims (Blockworks Research), Sid Powell (Maple), Brendon Sedo (Core), Jacob Phillips (Lombard), and MacLane Wilkison (Threshold Network), who explore how institutional appetite for BTC as collateral is evolving. Next up, from 2:10–2:30pm, 'How Should Bitcoin Scale?' pits different approaches against each other in a lively debate featuring Simanta Gautam (Alpen Labs), Willem Schroe (Botanix), and Macauley Peterson (Blockworks). At 2:30pm, Pete Rizzo (Blockworks) moderates 'Where to Build in the Bitcoin Network,' a conversation with Rich Rines (Core), Jeff Garzik (Hemi), and Muneeb Ali (Stacks) on how to approach L2s, smart contract layers, and modular execution on Bitcoin. From 3:10–3:30pm, the spotlight shifts to energy and infrastructure in 'Bitcoin & The Energy to Compute Value Chain' with Meltem Demirors (Crucible) and Michael Bucella (Neoclassic Capital). The day wraps up with a technical session at 3:30pm: 'The Core Dev's Guide to Bitcoin Network Upgrades,' led by Hunter Beast (Anduro), Jeremy Rubin (Judica), and William Foxley (Blockspace Media), offering a look at the mechanics and trade-offs behind proposed improvements to the Bitcoin base layer. On June 25 from 11:50am–12:10pm, Rich Rines, Initial contributor at Core, will deliver a main stage keynote titled 'The PoS Layer for Bitcoin'. He will outline how Core's infrastructure enables native Bitcoin staking while preserving the security guarantees of Bitcoin's base layer. The Bitcoin Yield House: A Dedicated Bitcoin Lounge In addition to the mainstage programming, Core will host its own Bitcoin Yield House to foster more intimate dialogue and networking across the Bitcoin ecosystem: June 25 2:00pm: Fireside: lstBTC & Institutional Bitcoin Adoption 3:00pm: Fireside: Why the Next Capital Supercycle Starts with Bitcoin? June 26 2:00pm: Panel: Activating Retail Through BTCfi Ecosystem 3:00pm: Fireside: The Rise of BTCfi as a Bitcoin Everything Chain. Each day's sessions are preceded by dedicated mingle hours to foster informal conversation and ecosystem connections. Permissionless is the right forum to highlight how builders and institutions are activating Bitcoin in new ways, from dual staking to Bitcoin yield strategies. With discussions touching on Bitcoin's evolving role, the 2025 edition of Permissionless underscores a renewed industry focus on Bitcoin-native innovation, and Core's central role in that discussion. About Core Core is the leading Bitcoin scaling solution, transforming idle Bitcoin into a productive, yield-generating asset that powers Bitcoin DeFi at scale. Core's Self-Custodial Bitcoin Staking allows holders to timelock Bitcoin directly on the Bitcoin blockchain to earn rewards, without taking on new risk. This trustless yield mechanism helps to secure the high-performance, EVM-compatible Core blockchain, where users can access an expanding universe of Bitcoin-focused decentralized applications. Core powers first-of-their-kind products like Valour's yield-bearing Bitcoin ETP and lstBTC, the first liquid, yield-generating Bitcoin asset. The network supports over $500M in DeFi TVL, backed by 7,000+ timelocked Bitcoin and ~75% of Bitcoin mining hash power. Permissionless
Yahoo
05-06-2025
- Business
- Yahoo
CoreDAO brings 5% yield to Bitcoin without giving up self-custody
CoreDAO brings 5% yield to Bitcoin without giving up self-custody originally appeared on TheStreet. At the Bitcoin 2025 conference, Rich Rines of CoreDAO told TheStreet Roundtable that Bitcoin holders no longer have to pick between security and yield. Bitcoin, like any financial product, has a variety of different yield opportunities that are available,' Rines said. He pointed to the failures of centralized lenders like BlockFi and Celsius, which exposed investors to significant counterparty risk. That collapse, he explained, inspired CoreDAO's push for a self-custodial alternative. Founded in 2022, CoreDAO offers self-custodial Bitcoin staking, letting users earn up to 5% yield without giving up their keys. Secured by 75% of Bitcoin's hash rate, its sidechain unlocks access to 150+ DeFi apps while maintaining BTC-level security. Bitcoin (BTC) is trading at $105,133, marking a 0.76% drop in the past 24 hours and down 1.99% on the week, according to Kraken price feeds. The world's largest cryptocurrency is currently 5.8% below its all-time high of $111,814, reached on May 22. CoreDAO's staking solution lets users lock up their Bitcoin without relinquishing custody. 'Time lock your Bitcoin. So it never leaves your Bitcoin wallet. You always have those keys,' Rines explained. Bitcoin must be locked for at least one day, introducing only liquidity risk, with yields of up to 5%. 'If you stake your Bitcoin in the Core ecosystem, you can earn up to 5%,' he said, adding that Core's sidechain is secured by nearly 75% of Bitcoin's total hash rate—giving stakers added confidence. Advanced users can go beyond staking, bridging or wrapping their BTC into Core's EVM-compatible DeFi environment with access to over 150 protocols for lending, trading, and liquidity. Rines highlighted CoreDAO's dual staking model, which offers enhanced returns for users who stake both BTC and CORE tokens. 'Most of these protocols are just either yield or they're an ecosystem. They're not both,' he said. CoreDAO combines the two. He also revealed a strategic partnership with Maple Finance, calling it a strong institutional gateway. 'Maple is the leader in institutional DeFi and they've been on a tear recently,' Rines said. Maple already secures over 2,000 BTC, and Core's 5% yield makes it 'one plus one equals three.' With a liquid staking token (LST) on the way, Rines expects broader utility. 'This new base level primitive built off Core's liquidity infrastructure for Bitcoin' could enable strategies like basis trading and call overwriting. He estimates $1.5 billion in BTC inflows by year-end. CoreDAO brings 5% yield to Bitcoin without giving up self-custody first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-04-2025
- Business
- Yahoo
Crypto for Advisors: Generating Yield With Bitcoin
In today's crypto for advisors, Todd Bendell from Amphibian Capital breaks down bitcoin yield products as a strategy to grow bitcoin holdings beyond price appreciation. Then, Rich Rines, an initial Core DAO developer, provides guidance to Bitcoin developers in Ask an Expert. Exclusive event alert for financial advisors: Join CoinDesk for Wealth Management Day on May 15th at Consensus Toronto. Registered wealth advisors are provided with their own day of networking and learning where they will acquire timely and actionable information about digital assets. Approved advisors receive a complimentary 3-day Platinum Pass ($1,750 value) to Consensus. Apply today. – Sarah Morton You're reading Crypto for Advisors, CoinDesk's weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday. Bitcoin was never meant to sit idle. For over a decade, bitcoin has served as a digital store of value, a hedge against monetary debasement and more recently, a core allocation in institutional portfolios. As the asset matures and infrastructure improves, long-term holders are asking a new question: How do I put my bitcoin to work — without leaving the Bitcoin ecosystem? The answer lies in a growing but underexplored category of strategies: BTC-on-BTC yield. Let's be clear: this isn't about lending your BTC on unregulated platforms or chasing high annual percentage yields (APYs) à la BlockFi. That playbook collapsed under the weight of counterparty risk and opacity. What's emerged over the last two years is a more institutional alternative — diversified, risk-managed access to systematic arbitrage and quantitative strategies, all denominated in bitcoin. Why BTC-native yield matters For most assets, it's a given that money should work for you. We don't keep dollars under a mattress or tucked away on a thumb drive — we invest them. Yet in the bitcoin world, the dominant narrative has long been 'hold and wait.' That mindset made sense when bitcoin was fighting for legitimacy. But in today's environment — where BTC is being adopted by sovereign wealth funds and traded on major exchanges — long-term holders need better tools. BTC-on-BTC yield solves this. It aligns with the ethos of accumulating more BTC but does so through institutional-grade strategies that aim to generate returns in BTC, not just on BTC. That distinction matters. Cold storage isn't a strategy There's also a myth that simply holding bitcoin in cold storage is the safest option. The phrase 'not your keys, not your coins' has become dogma — but it deserves a second look. In reality, cold storage comes with its own risks: human error, hardware failure, loss of keys and in many cases, an inability to generate any yield whatsoever. Meanwhile, professional custodians — regulated, insured and audited — are now standard infrastructure providers in digital asset management. For allocators managing material BTC positions, yield-generating custody isn't a tradeoff. It's an upgrade. How these strategies work Today's BTC-native yield opportunities span a wide range — from delta-neutral basis trades and statistical arbitrage to DeFi yield farming and machine learning-driven quant execution — but all settled in BTC. Returns are calculated and distributed in kind. The objective is simple: accumulate more BTC over time, without needing to rely solely on price appreciation. By allocating across a diversified mix of strategies and managers, investors can pursue consistent BTC growth while mitigating single-strategy or single-manager risk. Why BTC-on BTC yield is timely Several forces are converging right now: Volatility has returned. Major liquidation events — like the $10 billion flush in February — create dislocations that sophisticated funds can capitalize on. Infrastructure is stronger than ever. Custody, execution and risk tools have matured significantly since the last cycle. Institutional interest is real. ETFs have opened the floodgates — but most capital is still under-allocated and under-deployed. In short, bitcoin is growing up. The question is whether the strategies around it will grow with it. Rethinking HODLing BTC-on-BTC yield and long-term holding aren't mutually exclusive. Allocators can continue to hold core BTC positions while using active strategies to pursue steady accumulation. That requires moving beyond cold storage maxims and exploring yield strategies that reflect the sophistication of today's markets. With proper risk controls, BTC-native yield offers a pragmatic path to accumulate more BTC without abandoning its core principles. The bottom line is that bitcoin doesn't have to sit on the sidelines. It can move with the market — and grow with it. For allocators thinking in decades, BTC-on-BTC yield opens the door to a more productive bitcoin strategy — one that matches conviction with action. - Todd Bendell, Managing General Partner, Amphibian Capital Q. What's the best way to align early developer incentives with long-term protocol value? A. The key is to reward real product-market fit and real users — not short-term speculation. That starts with building tight relationships and solving problems for real communities. From there, it's about fostering an 'eat what you kill' ecosystem, in which builders who ship products people actually use are rewarded with real economic upside — not just points, grants or temporary incentives. When developers are compensated based on the value they create for users, long-term alignment takes care of itself. Q. When just starting out in crypto, how can developers filter for signal over noise? A. Don't just chase the hot thing — look for what will still matter in 5 to 10 years. That's one of the key reasons Bitcoin remains a compelling foundation for builders. It has dedicated users, immense value and a clear product-market fit. Developers should focus on real usage and demand instead of short-term token price action. If you're building something that keeps people engaged because it's useful — not because it's yield-farming season — you're already filtering signal from noise. Q. What lessons from Bitcoin's design philosophy are still underutilized? A. Bitcoin is dominant not because it does the most, but because it does one thing better than anyone else. Its product-market fit as digital gold is crypto's most proven use case — and yet it's still underrated. Too many forget that simplicity with real utility wins. Building around Bitcoin and extending its utility without compromising its foundation remains one of the most underrated opportunities in the space today. - Rich Rines, an initial contributor, Core DAO CoinDesk's Digital Assets Quarterly Report provides a comprehensive analysis of the crypto market's performance. Sweden is the latest country to explore using bitcoin as a strategic reserve asset. The U.S. Department of Justice announced the end of its crypto 'enforcement by prosecution' policies. Sign in to access your portfolio
