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🍿 popCORN System

What is the popCORN System?​

The popCORN System is yield distribution mechanism designed to align the interests of users, builders, and liquidity providers. At its core, the popCORN System empowers $CORN stakers to allocate network-level yield to those protocols that add the most value to the ecosystem, instantiating collaboration and incentivizing network participants around long-term growth.

Staked $CORN = $popCORN​

On Corn, $CORN can be staked in exchange for $popCORN -- a vote-escrowed token that represents the $CORN staker's vote weight -- allowing holders to determine yield distribution across the network.

"Where is the yield coming from?"​

Every block, the popCORN System distributes yield (in the form of $CORN and $BTCN) to the protocols determined by $CORN stakers in proportion to the number of votes each protocol receives.

  • $CORN is emitted from its uncirculating supply.
  • $BTCN is allocated from a portion of the accumulated fees paid by users in the form of gas as they use the network.

Delegate Your Vote​

For those who would rather delegate their voting power and earn passive income, Corn will offer the Farmer's Market -- Corn's native bribe market. This permissionless market will allow protocols to incentivize $CORN stakers with bribes (tokens) in exchange for delegated votes to direct yield. This system encourages participation, even for those with limited time, benefiting both protocols and $CORN stakers.

How can protocols benefit from the popCORN System?​

The popCORN system allows protocols to attract sustainable network yield into their products, enhancing their appeal to users. They can do this either by staking $CORN and participating in the voting mechanism directly, or by offering incentives to $CORN stakers through the Farmer's Market to direct yield to their protocol.

How can users benefit from the popCORN System?​

Users gain multiple benefits from the popCORN system:

  • $popCORN Holders: By holding $popCORN, users can vote to influence yield distribution toward their preferred protocols, aligning with their interests, and empowering the voter to help steer Corn's growing app ecosystem. They can also delegate their voting power to earn passive income via bribes.
  • Corn Ecosystem Participants: Since the popCORN System distributes yield network-wide, participants across the Corn ecosystem can compete for this yield in an open, permissionless, and transparent way.

The popCORN System fosters a virtuous cycle of yield generation, distribution, and reinvestment, creating a sustainable ecosystem where participants can thrive.

Crop Circle

Where can I learn more?​

Details on the locking dynamics, technical specifications and more details on the popCORN System mechanics will soon be made available.