KEY TAKEAWAYS
- Corn, an Ethereum Layer-2 network, has launched using the Arbitrum Orbit rollup stack, enhancing liquidity and trading efficiency with Curve-Lite as its DEX.
- The network’s gas token, BTCN, is backed by Bitcoin holdings managed by custodians like Coinbase and Bitgo, ensuring security and reliability.
- Corn incorporates a vote-enabled token, popCORN, and a native bribing market, Hidden Husk, to incentivize governance participation and community engagement.
Corn, an Ethereum Layer-2 network, has officially launched using the Arbitrum Orbit rollup stack. The network has chosen Curve-Lite as its preferred decentralized exchange (DEX) to facilitate secondary market transactions. This strategic choice aims to enhance the network’s liquidity and trading efficiency.
The Corn network employs a hybrid tokenized Bitcoin model for its gas token, known as BTCN. This model is underpinned by Bitcoin (BTC) holdings, which are securely managed by reputable custodians such as Coinbase and Bitgo. This approach ensures that the gas token is backed by trusted industry leaders, providing a layer of security and reliability to the network’s operations.
Incentive Structure and Governance
Corn draws inspiration from Curve’s veToken model, incorporating a vote-enabled token called popCORN. This token is designed to accumulate yield through native token inflation and sequencer fees, which are paid out in BTCN. These financial incentives are structured to promote active participation in the network’s governance.
Additionally, Corn has introduced a native bribing market known as the Hidden Husk. This feature is intended to further stimulate network activity by offering additional rewards for governance participation. The combination of these incentives is expected to foster a robust and engaged community around the Corn network.
The launch of Corn with Curve-Lite as its preferred DEX was announced here, highlighting the network’s commitment to leveraging established DeFi protocols to enhance its ecosystem.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
