1. BTCN: Tokenized Bitcoin for the Corn Network
2. Yield Generation Mechanism on the Corn Network
3. Binance Labs Investments and Strategic Development

Corn is the latest Ethereum Layer-2 network to emerge in the DeFi space, recently securing $6.7 million from major investors, including Polychain Capital.

BTCN: Tokenized Bitcoin for the Corn Network

Corn introduces BTCN, a hybrid tokenized version of Bitcoin designed to enhance Bitcoin’s utility within the DeFi ecosystem. Unlike traditional tokenized Bitcoin, BTCN uses multiple custodians, smart contracts, and bridging protocols. This structure provides flexibility and security for users to manage their assets and participate in various DeFi applications. Corn’s founder, Chris Spadafora, believes that BTCN will revolutionize the use of Bitcoin in decentralized finance.

Yield Generation Mechanism on the Corn Network

Corn’s yield generation mechanism is a cornerstone of its ecosystem. Users can stake Corn’s native token, CORN, to receive popCORN, which gives them control over the distribution of two continuous yield streams: BTCN and CORN. This model, inspired by Curve Finance’s veTokenomics, incentivizes both token holders and developers.

Binance Labs Investments and Strategic Development

Binance Labs, the venture capital arm of Binance, announced its investment in Corn. The funds will be used to expand Corn's ecosystem, onboard new developers and projects, and establish an incubator to foster innovation within the network.

The Corn network represents a significant step forward in integrating Bitcoin and Ethereum within the DeFi ecosystem. The acquired investments will help accelerate development and implementation of new solutions, providing new opportunities for both developers and Bitcoin holders.