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Introducing Corn 🌽: The Super Yield Network Rooted In Digital Gold. Announcing our $6.7M seed round led by Polychain Capital w/ support from Yzi Labs Framework Ventures ABCDE & other great partners. 🧵 Thread below shows you how to get early access: 🧵

942,267 görüntüleme • 1 yıl önce •via X (Twitter)

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Sadly, crypto has lost the plot. Most networks are ghost chains w/ misaligned actors. Worse, BTC is still a pet rock. Our intent: 🌽 Make it easy to put your Bitcoin to work 🌽🌽 *Actually* align users, apps & token holders 🌽🌽🌽 Have fun and stay corny

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Bitcoin is gas. Corn is the 1st Ethereum L2 that uses Bitcoin as the gas token. 🟢 BTCN is our hybrid tokenized Bitcoin, backed 1:1 by native BTC, and not bound to a single centralized custodian or bridging solution...

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...Instead, BTCN extend's its minting rights to multiple trusted custodians, smart contracts, and/or bridging protocols. This empowers hodlers & protects their choice of how to store their native BTC as we create the go-to app ecosystem to unlock the value your BTC represents.

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What have we learned from DeFi? 🌽 Users want great apps 🌽 Apps want liquidity -- to make them sustainable & great for users 🌽 Liquidity providers want, above all, YIELD! If only we had a design that struck a balance btw the multi-dimensional wants of users, apps and LPs!

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With these delicious facts in mind... Corn is "The Super Yield Network." Inspired by veTOKENOMICS, pioneered by @CurveFinance, each block, the network emits $CORN incentives, that are then directed to protocols chosen by $CORN stakers.

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Thus, Corn is the OG "veCHAIN," Yield on Corn consists of 2 tokens: 🟢 $BTCN (1:1 tokenized BTC) -- generated via network txn fees 🌽 $CORN -- native network emission $CORN stakers decide where yield is directed.

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As if it didn't pay enough to be a $CORN staker, voters will also enjoy a native bribe market, offering extra incentives to vote for certain apps. You have a choice! ▪️ Vote to give $CORN yield to your favorite app ▪️ Delegate your vote to the Farmers Market for added incentives

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It's simple... 🌽 $CORN holders are incentivized to stake to earn yield and/or bribes. 🌽 Protocols are incentivized to acquire and stake $CORN, as they wish to drive liquidity to their apps. 🌽 Users enjoy apps flush with liquidity. The Ultimate Crop Circle 🟠

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🚜 Corn will incubate a vibrant ecosystem of apps and communities, but this time BTC will be in the driver’s seat. 🚜 Gas tokens nearly always are the hub for liquidity on their chain and introduce many app integrations. We intend for this to again be the case on Corn.

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Corn was founded by long time DeFi builders @spadaboom1 & @0xzak ...the minds behind projects like @BadgerDAO, @SlingshotCrypto, @code4rena & @0xbowio.

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We're are proud to have the support of leading investors like: 🚜 @polychaincap 🚜 @BinanceLabs 🚜 @ABCDELabs 🚜 @hiFramework 🚜 @symbolicvc 🚜 @Ventures_HTX 🚜 @RelayerCapital

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Also, we welcome the support of key investors we're also building with like: 🌽 @OffchainLabs 🌽 @babylon_chain 🌽 @SteakhouseFi 🌽 @bulletlabs

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Noteworthy founders and builders helping to grow Corn: 🧑‍🌾 @udiWertheimer @sandeepnailwal 🧑‍🌾 @0xSami_ @SmokeyTheBera 🧑‍🌾 @PrimordialAA @andrewhuan @TEBplace 🧑‍🌾 @dcfgod @yorgosv_ @MonetSupply 🧑‍🌾 @hexonaut @whitewaterlabs @mozaik_capital 🧑‍🌾 @AgentChud @notscottmoore @etherbk & more!

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Now, the juicy details for our Pre-Mainnet Airdrop... SET YOUR REMINDER for the live kick off event (hosted here on X), where we'll be unveiling the exclusive eligibility criteria and participation details.

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During the initial airdrop phase, only qualifying users will be added to the Kernel Eligibility List: a list of thousands of power-DeFi users who've engaged with 1 or more of our partner protocols in the past 12 months. FOLLOW @use_corn and 🔔📲

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⭐ Building on the network? You're a Corn Star! 🧑‍🌾 Part of the community? Hey, Farmer. 🍿 Stake your Corn in the Microwave? You've made popCORN. 👶 Joining our incubator? You're among the Children of the Corn 🟢 BTCN = Bitcoin? Nope, BitCorn 🌽

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Want to join the community & become a farmer? Telegram: Discord:

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Excited to build on Corn and become a Corn Star? Fill out this form and our ecosystem dev team will reach out.

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Learn more about our $6.7M seed fundraise here:

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🌽 🌽 End of the Thread 🌽 🌽 It's simple. Just

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