🌽What is Corn?

Corn is a new Ethereum (ETH) Layer 2 network that uses its hybrid tokenized Bitcoin (BCTN) as the gas token and uses the power of Super Yield to direct yield back to users and protocols.

Official Corn Site: USECORN.COM

Unlimited utility and the power of BTCN

Corn is a new Ethereum (ETH) Layer 2 network that uses its hybrid tokenized Bitcoin (BCTN) as the gas token and uses the power of Super Yield to direct yield back to users and protocols.

Corn’s innovative implementation of a 1:1 pegged, hybrid tokenized Bitcoin, aptly known by its ticker $BTCN, allows millions of BTC hodlers (individuals and institutions) to finally put their holdings’ value to work. As a chain dedicated to exponentially expanding the usefulness of Bitcoin, Corn is opening the floodgates to the world’s most innovative and varied financial environment: Ethereum, its L2s, and the EVM more broadly.

$BTCN is the first tokenized Bitcoin backed 1:1 by native Bitcoin held by multiple trusted custodians (both centralized and decentralized), smart contracts, and/or bridging protocols. This flexible minting design wisely anticipates the evolution of Bitcoin storage solutions and bridges — and positions BTCN to grow and adapt alongside it.

Simply put, Corn is here to:

• Make it easy to put your Bitcoin to use

• Actually align users, apps and token holders by being the original “veCHAIN”

Why Corn? Why Now?

The crypto industry has successfully run the experiment, which goes something like this: Applications get enticed to join a network on the back of a permissioned, short-term grant program. Users bring short term liquidity to milk incentives. Token holders speculate on the potential of this all working out (fingers crossed!).

Well, we can see the results: In the end, the incentives dry up and everyone leaves. It is time we learn from that old prototype. The fundamental problem hiding beneath all such networks is a lack of alignment. For a network to stand the test of time, it must align its users, applications and token holders.

Corn solves this. We have created the first of its kind network-wide flywheel Crop Circle that aligns the interests of all: users, builders, and liquidity providers. But, how? – The answer is the veCHAIN.

Inspired by the veTOKENOMICS, pioneered by Curve Finance, each block, the Corn network allocates yield then directs it to protocols chosen by $CORN stakers. This allows $CORN stakers to support and reward those protocols which uphold the values and culture that Bitcoin and Corn together, stand for.

And just like the bribes made famous by Curve’s veTOKENOMICS, $CORN stakers will benefit from a Corn-native bribe market. This permissionless market will allow protocols to reward $CORN stakers with any token in exchange for their vote to direct yield to their protocol or app.

Putting power back into the hands of the applications who add value to the network motivates these high-quality builders to be on Corn but more importantly, to stay on Corn.