According to a post on the Binance blog, Binance Labs announced an investment in Corn to simplify the use of Bitcoin in decentralized finance.
This is the first hyper-yield network built around Bitcoin. Corn is an Ethereum L2 network dedicated to building a DeFi hub for Bitcoin. Corn launched BTCN, a hybrid tokenized Bitcoin that enhances Bitcoin’s use in DeFi.
BTCN integrates multiple custodians, smart contracts, and bridge protocols to provide a more secure, scalable, and versatile solution. This hybrid approach ensures that Bitcoin holders can manage their assets according to their risk preferences while using them in a variety of DeFi applications.
