Corn is an Ethereum Layer 2 network using a hybrid token (BTCN), as its gas token. It focuses on bringing Bitcoin into the Ethereum ecosystem, offering new ways for Bitcoin holders to earn returns in decentralized finance (DeFi).
Corn
Infrastructure
DeFi
Description
Here's how it works:
- BTCN Token: Corn has introduced $BTCN, a tokenized version of Bitcoin. This token is backed 1:1 by Bitcoin and can be used across Ethereum, helping Bitcoin holders earn returns in DeFi.
- Super Yield: This system returns profits to users and protocols. It lets developers and users earn from the network in a sustainable way.
- Crop Circle Model: $CORN stakers direct yield to the apps they support. They can vote on where the rewards go and even get paid for their votes.
- Bridging Bitcoin and Ethereum: Corn makes Bitcoin usable in Ethereum apps. BTCN holders can access the full range of Ethereum's DeFi opportunities.
In summary, Corn is bridging Bitcoin and Ethereum, helping users earn through $BTCN while ensuring long-term growth for developers.
Team of the Project
Chris Padafora
Founder
Chris Spadafora is the founder of BadgerDAO, a decentralized protocol focused on integrating Bitcoin into DeFi. Chris has a background in finance and entrepreneurship from Ryerson University. He has held various leadership roles, including founding North Block and launching eBTC, while also managing community engagement at BadgerDAO.