- BTCN: Tokenized Bitcoin for the Corn Network
- Yield Generation on the Corn Network
- Investments from Binance Labs
Corn, the new Ethereum Layer-2 network, has secured $6.7 million from major investors, including Polychain Capital. The network offers the use of tokenized Bitcoin to drive economic activity.
BTCN: Tokenized Bitcoin for the Corn Network
BTCN is a hybrid tokenized version of Bitcoin used as a gas fee token and for economic incentives. Unlike traditional tokenized Bitcoin, BTCN uses multiple custodians, smart contracts, and bridging protocols, offering flexibility and security for users. This allows Bitcoin holders to participate in various DeFi applications.
Yield Generation on the Corn Network
Corn's yield generation mechanism is based on staking the network's native token, CORN. Users can earn popCORN, which grants control over the distribution of two continuous yield streams: BTCN and CORN. This model, inspired by Curve Finance's veTokenomics, incentivizes both network participants and developers.
Investments from Binance Labs
Binance Labs, the venture arm of Binance, has announced its investment in Corn. The funds will be used to expand the ecosystem, onboard new developers, and create an incubator for innovation within the network.
The new Corn network represents a unique opportunity for DeFi users, combining the strengths of Bitcoin and Ethereum. Investments from major market players highlight the project's significant potential.
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