


Innovations, partnerships, and integrations have marked Core DAO’s development in 2023.
Introduction
Since its mainnet launch on January 14, Core DAO has rapidly gained traction in the Decentralized Finance (DeFi) space, particularly within the Layer One ecosystem.
Utilizing the Satoshi Plus Consensus mechanism, Core DAO aims to tackle the blockchain Trilemma by offering a balanced mix of security, scalability, and decentralization. This article delves into the protocol's key achievements and updates from January to September 2023:
Core Bridge Powered by LayerZero
Core DAO unveiled the Core Bridge in March, developed in collaboration with LayerZero. This bridge allows for the smooth transfer of supported assets between Core's layer-1 blockchain and other leading blockchain networks.
As reported by BSC News, the Core Bridge enables developers to integrate other chains into their Decentralized Applications (dApps) and leverage LayerZero's cross-chain messaging framework to connect Core chain smart contracts to other blockchains.
Core S-Prize Innovation
Core DAO launched the S-Prize to stimulate creativity and innovation, targeting builders in the DeFi and GameFi sectors. The S-Prize challenged participants to meet specific milestones and objectives within a set timeframe, offering CORE rewards as incentives.
Winners in the DeFi category included Decentralized Exchanges (DEXs) like ArcherSwap, IceCreamSwap, and ShadowSwap, while Energy Crisis and OmniaVerse took the top spots in the GameFi category.
$200M Partnership with Bitget and MEXC
In a significant move in April, Core DAO announced a $200 million collaboration with top exchanges Bitget and MEXC.
According to the protocol's announcement, this substantial capital injection aims to "reward Core’s best builders and spur ecosystem growth." MEXC and Bitget are considered "key strategic partners of Core DAO," contributing to the protocol's ongoing initiatives in accessibility and decentralization.
Integration with SushiSwap
August saw Core DAO integrating with SushiSwap, a respected DEX in the industry. This integration allows users to interact with Core-based tokens on SushiSwap's platform. The wide range of DeFi services offered by SushiSwap, coupled with its substantial liquidity, opens up new avenues for financial innovation on Core.
Firehose Integration for Faster Data Extraction
The most recent update in Core DAO's ecosystem is its integration with Firehose. This feature is designed for developers, as it enables quick extraction of blockchain data using Subgraphs.
In simple terms, this means developers can access the data they need more efficiently, enhancing their applications' performance.
Notable Mention at TOKEN2049 Web3 Event
Core DAO was also highlighted at the TOKEN2049 Web3 event held in Singapore from September 13th to 14th. The event featured other prominent names in the crypto space, including Lido, Polygon, DWF Labs, Orbiter Finance, zkSync, Solana, Cubic, Animoca Brands, The Sandbox, Lifeform, Chainge Finance, and Orion.
As Core DAO approaches its first-anniversary post-mainnet, its journey from January to September 2023 has been marked by seemingly significant partnerships, innovations, and integrations.
What is Core DAO
Core DAO Network is a new Layer one blockchain project, backed by the Satoshi Plus Consensus mechanism, which aims to solve the blockchain Trilemma—Scalability, Security, and Decentralization. The project is new after launching mainnet in early 2023.
Core DAO is EVM-compatible, looking to provide the ability to migrate and deploy contracts and dApps or transfer tokens between chains. The protocol is backed by its native $CORE token. As with any crypto asset, $CORE is volatile, and carries risk. Users are advised to undertake their own thorough research before investing in $CORE or interacting with its Layer one ecosystem.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Gyrowin: Revolutionizing Gaming and DeFi with Cross-Chain Innovation

Powered by its native token GW, Gyrowin combines the excitement of lottery games with the security and transparency of decentralized finance to offer users exciting rewards.
Gyrowin, a groundbreaking cross-chain decentralized gaming, liquidity, and asset management platform, is making waves in the world of blockchain technology and DeFi. With a mission to provide transparent and fair reward distribution, Gyrowin is set to redefine how players engage with lottery games and DeFi protocols. Let's delve into the key aspects of this innovative project.

Lottery Games for Fun and Profit
Gyrowin recognizes the enduring popularity of lottery games and is capitalizing on it. Offering a range of lottery games integrated with staking, lending, and borrowing protocols, Gyrowin allows players to have fun while winning. The platform operates game liquidity pools on major chains like BNB Chain, Polygon, Tron, and Solana, offering a diverse gaming experience.
The platform’s variety of cross-chain lottery games include the 6/41 Lottery, Gylotto, 5/9 Lottery, 10 minutes Lottery, and Instant scratch NFT Lottery. This cross-chain approach ensures accessibility and inclusivity for players across the crypto landscape.
Tokenomics
At the heart of the Gyrowin ecosystem lies its native token Gyrowin ($GW), designed to serve multiple functions, including governance voting, liquidity currency, and incentives for DeFi users. The token structure is meticulously balanced, with allocations for various purposes, including liquidity, reserve, marketing and more, ensuring a sustainable supply-demand ratio. Notably, Gyrowin implements a burning mechanism and regular buybacks to maintain token value. Learn more about the token distribution and allocation here.

Borrowing and Lending with Ease
Gyrowin offers a cross-chain DeFi platform for borrowing and lending tokens across multiple chains, introducing unified liquidity pools that provide higher APR for lenders. Users can borrow from different chains seamlessly, eliminating the need for collateral bridging. The platform also offers zero liquidation on collateral, enhancing user security.
Decentralization and Transparency
The platform places a strong emphasis on decentralization and transparency. Leveraging Chainlink oracle VRF for automation and accurate token price information, Gyrowin ensures fair lottery draws and automated lotteries. The platform also utilizes blockchain infrastructures like The Graph and layer zero for a seamless cross-chain experience.
Money Plant Staking and Freeze Lock
Gyrowin's staking process is designed to be competitive and rewarding for participants. Using a first-come, first-served approach and limiting staking amounts, Gyrowin offers higher yields in a short period. The platform’s innovative Freeze lock feature ensures that unlocked tokens are only available for use after a cooling period, providing additional security.
Smart Contracts and Audits
Security is a top priority for Gyrowin. The project's smart contracts have undergone thorough audits by leading security providers such as Hacken and Solidproof, ensuring the highest level of safety for users' assets.
Gyrowin is a game-changer in the blockchain and DeFi space, combining the excitement of lottery games with the security and transparency of decentralized finance. With its innovative approach to cross-chain functionality, governance tokens, and staking, Gyrowin is set to reshape the future of gaming and DeFi.
Stay updated with Gyrowin and its development via the official links:
Website | Twitter | Telegram | Docs
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $400. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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