Corn is a first L2 chain built with Arbitrum stack utilizing the economic power of Bitcoin through integration with Babylon Labs. It adds a new utility to the $BTC token, allowing users to pay fees in Bitcoins, via a hybrid tokenized version of $BTC, $BCTN while offering pioneering on-chain liquidity management model, popCorn, somewhat similar to Mitosis’ EOL.
$CORN will be a governance token of the platform, which will power its popCorn governance mechanism. It has already concluded a season 1 points farming campaign with a soon-to-be-released token, considering the upcoming token sale on Legion. Now, the platform announced the second season, giving users points for engaging with dApps on Corn maiznet.
To participate in the Corn Season 2 farming campaign, first, you need to add the network to your web3 wallet, and acquire supported assets on the Ethereum mainnet on the bridge:
❗️Note that in addition to supported assets on the network, you will need some $BCTN tokens to pay fees within the Corn crypto network, so make sure you bridge some $BCTN on the maiznet as well.
Then, bridge your assets into the Corn mainnet and engage with currently available dApps on the chain.
As of January 1st, there are not all dApps have launched, and assets available in the LPs or lending markets across those apps due to the freshness of the chain. Nevertheless, our team analyzed all the options available on the market and found some interesting points farming routes:
Curve finance
Curve is one of the largest DEXs in the industry with the widest range of LPs on the Corn network currently:
Although Curve itself doesn’t run any points farming campaigns, you still have an opportunity to earn additional airdrops and even APR for contributing funds into such LPs as:
Avalon Finance
Avalon is the only lending protocol currently working on the Corn maiznet. While there are not many Stablecoin or Bitcoin LRTs, we are expecting it to add such for lending and borrowing faster than any other DEX.
Unlike the LP pools, the main advantage of such a route is if you already hold most or all the assets in the specific LRT and don’t want to swap them to lose some points income, you can simply lend that asset to earn small APR, the specific protocol’s points, Corn network points, and Avalon Labs points simultaneously. Hence, keep an eye on updates in the Avalan DEX, and, once added, lend your favorable LRTs to the protocol.
More DEXs
While we covered examples of the most effective routes in our team’s opinion, there are still some dApps to be added, and more LPs to be released soon. This is why we suggest you either monitor the Corn network Twitter or their dApps list for updates.
Good Luck! 🍀
Add Corn network to your web3 wallet;
Acquire supported assets on the Ethereum mainnet and bridge them to the Corn maiznet;
Bridge some $BTCN as well to cover fees on the Corn chain;
Explore the list of currently available dApps and yield opportunities on them;
Contribute liquidity into those protocols either by our staking routes or self-made;
Keep an eye on updates in Corn Twitter or dApps list for new LPs and projects to come on mainnet;
Get your rewards at the end of season 2.