🍿 popCORN System
The popCORN System is the 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.
With the launch of the popCORN System, all network incentives and emissions will transition from being distributed directly in $CORN to being distributed as $popCORN. This marks a fundamental shift in how value is earned across Corn – aligning rewards with long-term participation.
Inspired by Euler’s rEUL, the $popCORN token is a non-transferable ERC-20 token native to the Corn Network. It represents vesting $CORN and is redeemable 1:1 once vesting is complete – meaning it inherits the same value, ultimately, as $CORN.
When a user claims their accrued $popCORN on Merkl and other participating apps, a non-transferable “popCORN bag” is created, and its corresponding vesting schedule begins immediately. All popCORN bag claims made within the same 24-hour period across any popCORN-earning campaign accross the ecosystem are consolidated into a single popCORN bag with a single vesting schedule. Each bag unlocks on its own timeline and can be tracked and managed on the Microwave page in the Corn App.
Learn more about the Microwave Page in our detailed guide.
$popCORN Token Contract
The $popCORN token is deployed on both the Corn Network only with the following address:
- Corn Maizenet: 0x9Cf9F00F3498c2ac856097087e041523dfdD71fF
Beware of fake $popCORN tokens. Make sure to only interact with the official $popCORN token address at all times.
Vesting
To reinforce long-term alignment, all $popCORN rewards – whether they are earned as a rewards or received through depositing $CORN (in later phases) now have a vesting schedule by which the non-transferrable $popCORN matures into tradeable, transferable $CORN:
- 21% of the $CORN is immediately claimable
- 79% vests linearly (incrementally, each second) over 21 weeks
- Withdrawing early forfeits the unvested portion
If a user withdraws early, the forfeited portion is not burned – it is recycled back into the ecosystem. The Corn Foundation may allocate these $CORN rewards toward $CORN stakers, incentivizing partner integrations, or other initiatives that support network growth.
The popCORN System is being rolled out in three progressive phases, each unlocking more functionality and utility for users and the broader Corn ecosystem.
Phases of popCORN
The phased rollout of the popCORN system adds utility for users and protocols via the $popCORN token over time.
Phase 1 – Vest & Earn (live now)
Users earn $popCORN by participating in select campaigns across the Corn ecosystem. Raw $CORN will no longer be distributed as incentives. Accrued rewards are claimed on Merkl and other participating apps, where all claims made within the same 24-hour window are consolidated into a single non-transferable popCORN bag. Each bag follows a vesting schedule: 21% of the $CORN is immediately withdrawable, while 79% vests linearly over 21 weeks. All bags are independently tracked and can be managed in the Corn App.
Phase 2 – Stake & Bribe
Users can depost $CORN to get $popCORN and stake their $popCORN to earn bribes from partner protocols. Bribes are distributed manually. Voting is not yet active.
Phase 3 – Vote & Bribe V2 (Farmer’s Market)
$popCORN stakers vote to direct $popCORN and $BTCN emissions, or delegate their votes to earn passive bribes. Protocols compete for incentives through a permissionless bribe marketplace by offering bribes in exchange for $popCORN holders’ votes. This will be known as the Farmer’s Market.
Phase 1 of popCORN is now live! Visit the Corn App to explore the many opportunities to earn popCORN now!