TechFlow reported on August 19 that, according to Cointelegraph, Corn, a yield-generating network in the Bitcoin ecosystem, announced it has raised $6.7 million in funding led by Polychain, with participation from Binance Labs, Framework Ventures, OKX Ventures, HTX, Ventures, and Relayer Capital. The Corn project aims to enhance Bitcoin's utility by introducing new yield-generating opportunities.
Launched on August 19, Corn is a new Ethereum Layer-2 network that uses BTCN, a tokenized version of Bitcoin, as its native currency for transaction fees and economic incentives. The project's goal is to unlock $1.1 trillion in Bitcoin liquidity for use in decentralized finance (DeFi) applications.
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