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Liquid Staking on CORE
The StakedCore (SCORE) token is launched by IceCreamSwap to supercharge CORE staking on the Core DAO network. When users wrap CORE to SCORE, it is deposited into the Delegated Proof of Stake (DPoS) part of the Satoshi Plus Consensus mechanism. After staking, rewards are automatically compounded and increase the price of the SCORE token.
This innovation implies that the SCORE token strongly correlates with CORE’s price but reliably outperforms it due to the earned staking rewards. Therefore, SCORE increases as CORE price increases and vice versa. Most importantly, the token can be utilized like other ERC20 tokens, unlike regular staked tokens that are untouchable.
For more information, please read this article.