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🍿 popCORN System

What is the popCORN System?​

The popCORN System is a groundbreaking yield system designed to align the interests of users, builders, projects and liquidity providers. At its core is the network-wide flywheel, also known as the Crop Circle. This mechanism ensures long-term sustainability by allocating and directing yield to protocols chosen by stakers, enhancing collaboration between all network participants.

Staked CORN? Nope, $popCORN​

In Corn, staked $CORN is put in the microwave and transforms into $popCORN, a voting-enabled derivative. By staking $CORN and receiving $popCORN, users gain governance power, allowing them to influence yield distribution across the network. This gives them an active role in network governance and rewards.

Every block, yield is distributed to protocols based on $popCORN staker votes. This setup rewards protocols that bring the most value to the ecosystem, reinforcing long-term alignment among stakeholders. It also allows all network participants to benefit from the yield generated in an open, permissionless, and transparent way.

Where is the yield coming from?​

Every block, the popCORN System distributes yield in the form of $CORN and $BTCN to the destinations voted by the stakers and in propostion to the amount of votes that each receives.

  • $CORN is emitted from its uncirculating supply.
  • $BTCN is emitted from a portion of the accumulated sequencer fees. That is the fees paid by users in the form of gas in order to use the network.

Too Busy to Vote? Head to the Hidden Husk!​

For those too busy to vote or that rather delegate their voting power and earn passive income, Corn offers the Hidden Husk—its native bribing market. Inspired by pioneers of the space, this permissionless market allows protocols to incentivize $CORN stakers with bribes (tokens) in exchange for votes to direct yield. This system ensures participation even for those with limited time, benefiting both protocols and 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 or by offering incentives to $CORN stakers through the Hidden Husk 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. They can also delegate their voting power to earn passive income.
  • Corn Ecosystem Participants: Since the popCORN System distributes yield network-wide, participants across the CORN ecosystem can access 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 all participants can thrive.

Crop Circle

Where can I learn more?​

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