Core DAO and Element Wallet are collaborating to expand Bitcoin’s utility for holders, offering new avenues for interaction beyond simple storage. This partnership emphasizes user privacy while aiming to maximize the security of decentralized finance (DeFi) mechanisms like Bitcoin staking.

BeInCrypto discussed with representatives from both platforms to explore how user privacy and enhanced functionality in staking can create new opportunities for Bitcoin-oriented DeFi participation.

Expanding Bitcoin Use Cases

For 2025, the CORE team aims to develop new use cases for Bitcoin holders who wish to use their BTC rather than keep it perpetually stored. Core achieves this by enabling Bitcoin users to interact easily with DeFi.

“A lot of people have been holding Bitcoin over the years and are totally happy with that. I get it, myself included, but there are also a lot of people who want to actually do something with their BTC and not just hold it. They want to actually put it to work, bring it into DeFi, take out a loan on it, or lend it out and earn some yield. Core basically allows for whatever you want to do with your Bitcoin,” explained Dylan Dennis, Contributor at Core DAO.

Designed to enhance Bitcoin’s utility while preserving its decentralization and security, Core is a layer-1 blockchain that integrates with Bitcoin and offers EVM compatibility. Launched in January 2023, it has achieved a market capitalization of over $497 million.

The Core DAO, a decentralized autonomous organization, supports and develops the Core blockchain, pursuing security, scalability, and decentralization through community-driven collaboration.

Members of the Core DAO used the term BTCfi to describe decentralized financial services and applications built on a Bitc

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Author: Camila Grigera Naón