Corn aims to unlock more of Bitcoin’s $1.1 trillion liquidity for DeFi applications.
Polychain Capital has announced a $6.7 million investment into a new Bitcoin-centric yield-generating network.
The $6.7 million investment was received by Corn, a new Ethereum layer-2 (L2) network that uses a tokenized version of Bitcoin (BTC) for gas fees and economic incentives on the network, tickered BTCN.
Corn launched on Aug. 19 with the goal of enhancing the utility of the world’s first cryptocurrency and introducing new yield-generating opportunities, according to Chris Spadafora, the founder of Corn and BadgerDAO.
