TechFlow news — According to official announcements, OKX Ventures has announced an investment in Corn, marking a significant step toward introducing Bitcoin applications into the Ethereum ecosystem. Built on Arbitrum and integrated with Coinbase's support, Corn enables BTC holders to seamlessly access Ethereum's DeFi ecosystem. Through a unique, secure, and sustainable approach, Corn maximizes Bitcoin’s potential and has already achieved several key milestones: it is the first Ethereum Layer 2 network to use a hybrid tokenized Bitcoin (BTCN) as its gas fee currency, and the first network secured by Babylon that supports BTC LST liquidity.
At the core of Corn’s innovation is BTCN, a hybrid tokenized Bitcoin fully backed 1:1 by native BTC. This unique model allows BTC holders to use BTC for gas payments within the Ethereum DeFi ecosystem while preserving Bitcoin’s core value proposition. With just one click, users can bridge their BTC into the Ethereum ecosystem. Corn’s ecosystem growth is driven by its CORN token staking program (popCORN), enabling community members to direct yields toward ecosystem applications. This mechanism ensures sustainable network expansion and incentivizes active community participation in network development.
