The Bitcoin ecological revenue network Corn has completed a $6.7 million financing

2024-08-19 21:02:27

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ChainCatcher news, Polychain Capital announced a $6.7 million investment in Corn, a new yield network centered around Bitcoin. The protocol also received investments from Binance Labs, Framework Ventures, OKX Ventures, HTX, Ventures, and Relayer Capital.

Chris Spadafora, founder of Corn and BadgerDAO, stated that Corn launched on August 19, aiming to enhance the utility of the world's first cryptocurrency and introduce new yield generation opportunities.

It is reported that Corn is a new Ethereum L2 network that uses a tokenized Bitcoin as the network's gas fees and economic incentives, codenamed BTCN. Corn launched without fixed yields. The yield percentage will primarily depend on the growth of the ecosystem and the number of protocol participants achieved through Corn's flywheel mechanism.

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Polychain

Corn Ethereum L2 using Bitcoin as gas