TechFlow reported on August 20 that Binance Labs has announced an investment in Corn, a Bitcoin yield network, aiming to simplify the use of Bitcoin in decentralized finance (DeFi).
Previous report: Corn raised $6.7 million in funding led by Polychain. 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 aims to unlock $1.1 trillion in Bitcoin liquidity for use in decentralized finance (DeFi) applications.




