As I gradually build a larger $BTC position, I've been exploring ways to diversify and earn yield on my spot holdings. Recently, I looked more into @Coredao_Org and am pretty impressed by $lstBTC. When institutions mint $lstBTC, they deposit $BTC, borrow stablecoins, and buy 24,000 $CORE tokens per $BTC to stake for higher yields. This creates protocol-driven demand for $CORE, locking tokens and reducing circulating supply. The numbers are compelling: if 10% of $wBTC (~13,000 BTC) converts to $lstBTC, it would require 312 million $CORE tokens, 15% of the 2.1 billion total supply. With daily emissions at ~72,000 $CORE, this demand could quickly tighten supply, creating a flywheel effect: more $lstBTC minted → more $CORE bought and locked → tighter supply → higher $CORE prices → more $BTC attracted to $lstBTC. Market data supports this: $CORE is up 61% this month, with staked $CORE rising from 10 million to 70 million tokens and staked $BTC from 2,000 to over 5,000. This is an attractive option for institutions managing $BTC, as @Coredao_Org offers yield without selling or changing custodians. As institutional interest in $lstBTC grows, $CORE demand will likely increase. Disclaimer: I opened up a $CORE position.