CandleFocus OKX Ventures Powers Up DeFi with Investment in Corn’s BTC-Driven Ethereum Layer 2
2024-11-12
Author: Content Editor
OKX Ventures, the investment arm of OKX, has announced a new investment in Corn, an Ethereum Layer 2 solution. This partnership aims to bridge Bitcoin with the Ethereum ecosystem to enhance its use in decentralized finance (DeFi) protocols. Corn, based on the Arbitrum Layer 2 solution and connected to Coinbase, allows BTC owners to access DeFi applications on the Ethereum network. The project utilizes a tokenized hybrid Bitcoin called BTCN, which can be used as gas fees on Corn's Ethereum Layer 2 solution. OKX Ventures' investment in Corn reflects its commitment to expanding blockchain technology and connecting the influential crypto ecosystems of Bitcoin and Ethereum. The Corn ecosystem includes a staking program with the native CORN token to encourage expansion and provide long-term benefits for users. This investment aligns with OKX Ventures' mission of supporting revolutionary blockchain projects and contributing to the growth of the blockchain industry.
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