In a post on X, CoreDAO promoted a “Dual Staking” program that it says currently earns approximately 5% APY on Bitcoin and CORE, asserting “no principal risk to BTC” [1]. The post also links to a YouTube tutorial for step-by-step instructions [1].

The announcement does not disclose core mechanics such as custody/bridging model for BTC, smart contract addresses, eligibility by region, or how the APY is calculated and changes over time [1]. Independent verification or third-party audits were not provided in the post [1].

Prospective users should look for official documentation that explains whether BTC remains in self-custody or is wrapped/bridged, the specific contracts involved, audit status, lockups and withdrawals, fees, and any regional/KYC/AML requirements. Until those materials are available, treat the APY and risk assertions as promotional claims.

Context: Bitcoin does not support native staking on its base layer; BTC yield products typically rely on third-party mechanisms (e.g., wrapping, bridging, or off-chain counterparties), which can introduce smart contract or counterparty risk. This is general information and not a statement about CoreDAO’s specific setup.

Facts, in 30 seconds

1. CoreDAO promotes ~5% APY via “Dual Staking” on BTC and CORE [1].
2. CoreDAO claims “no principal risk to BTC” [1].
3. The announcement references a YouTube tutorial for setup [1].
4. Custody model, smart contract addresses, and APY methodology are not disclosed in the post [1].
5. No independent verification or third-party audit links were provided in the announcement [1].

What we know

• Announcement medium: X post by CoreDAO [1].
• Assets involved: Bitcoin (BTC) and CORE [1].
• Promoted yield: approximately 5% APY [1].
• Marketing claim: no principal risk to BTC [1].

What’s not disclosed

• Whether BTC is kept in self-custody, wrapped, or bridged.
• Smart contract addresses and audit results.
• APY calculation, variability, and compounding details.
• Lockups, withdrawal terms, and fees.
• Eligibility, regional restrictions, and KYC/AML requirements.
• Comprehensive risk disclosures and incident response plans.

What to do next

• Wait for full documentation and third-party audits from CoreDAO.
• Verify custody paths and contract addresses; consider testing minimal amounts if proceeding.
• Check local rules; some jurisdictions may treat yield products as securities.

Sources

1. CoreDAO: Dual Staking currently earns ~5% APY on your Bitcoin and CORE without any principal risk to BTC [1]