New dark horse Corn completes $6.7 million financing!

On August 20, the Ethereum Layer 2 network Corn announced the completion of a $6.7 million seed funding round, receiving support from several well-known investment institutions, including Polychain Capital. This round of financing was led by Polychain Capital, with other participants including Binance Labs and Framework Ventures.

The successful financing of Corn not only reflects the market's high recognition of its potential but also highlights the importance of Bitcoin in DeFi applications.
After Corn completed its funding round, HTX Ventures quickly announced its strategic investment in Corn.
HTX Ventures is the global investment arm of Huobi HTX, dedicated to discovering and supporting the most innovative blockchain projects worldwide. HTX Ventures recently announced a strategic investment in Corn, further affirming Corn's prospects in the industry. The support from HTX Ventures not only brings more resources and development opportunities to Corn but also enhances market confidence in the project.

01

Super Yield Network Corn

Corn is an emerging Ethereum Layer 2 network specifically designed for the practical application scenarios of Bitcoin. The network utilizes tokenized Bitcoin (BTCN) as a fuel token and economic incentive, aiming to unlock Bitcoin's potential liquidity through a super yield mechanism.
BTCN is one of Corn's core innovations; it serves not only as the network's gas fee but also as an economic incentive tool to encourage user participation in network activities.
What sets Corn apart is its super yield mechanism. Unlike most yield-generating protocols, Corn's yield does not have a fixed ratio but relies on the growth of the ecosystem and the number of protocol participants. This mechanism continuously enhances the network's attractiveness through Corn's flywheel effect, making the application of BTCN in DeFi more widespread.

Additionally, Corn draws from Curve's veTokenomics model, creating a mutually beneficial ecosystem by returning yields to users and developers.

02

Focused Attention Upon Launch

Bitcoin, as the world's first cryptocurrency, has a market capitalization exceeding $1.1 trillion, but much of that liquidity is locked. Corn releases this liquidity through BTCN, providing new opportunities in the DeFi space, which is highly attractive in the current market environment.
The founding team of Corn consists of a group of seasoned professionals with deep DeFi experience, who previously participated in and led the development of well-known projects such as Badger, Code4rena, Slingshot, and 0xBow. The team's professional background lays a solid foundation for Corn's success and gives the project a unique advantage in the DeFi space.
Overall, the success of Corn in the seed funding stage and the upcoming strategic investment from top institutions like HTX Ventures fully demonstrate the market's profound interest in this new Bitcoin yield network.
---Polychain Capital
Polychain Capital is a leading cryptocurrency investment fund focused on supporting blockchain technology and decentralized finance (DeFi) projects. Founded in 2016, Polychain Capital is known for its early investments in innovative blockchain projects. The company is dedicated to advancing the entire cryptocurrency ecosystem by investing in high-potential blockchain startups.
---Binance Labs
Binance Labs is the venture capital and incubation arm of Binance, the world's leading cryptocurrency exchange platform. Since its establishment in 2018, Binance Labs has been committed to discovering and supporting early-stage projects in the blockchain space, helping them grow and develop. Binance Labs' portfolio covers multiple blockchain sectors, supporting over 300 projects across a wide range from infrastructure to application layers.
---HTX Ventures
HTX Ventures is the global investment arm of Huobi HTX, integrating investment, incubation, and research, focusing on supporting the most innovative blockchain projects worldwide. HTX Ventures has a broad investment scope, covering multiple blockchain sectors, supporting many high-quality projects, and helping them launch on the Huobi HTX trading platform. HTX Ventures aims to promote the application and development of blockchain technology through strategic investments.