According to @richrines, lstBTC aims to transform Bitcoin from an idle asset into a liquid, yield-bearing collateral, as discussed at Token2049 (source: https://twitter.com/richrines/status/1921995194880135610). This innovation is designed to improve capital efficiency for traders and enable the development of structured financial products in the crypto market. For active crypto traders, lstBTC creates new opportunities for yield generation and leverage, potentially increasing Bitcoin’s utility as collateral across DeFi platforms and trading protocols.

According to @AltcoinGordon, Coredao_Org's dual staking mechanism offers a 25x yield compared to staking BTC alone, significantly increasing the demand for $CORE and decreasing its circulating supply. This development is expected to attract Bitcoin ETF issuers like BlackRock and Fidelity to integrate lstBTC for earning yield on their BTC holdings.