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Corn chain is an Ethereum L2 powered by the Babylon chain $BTC restaking services, offering new utility opportunities for Bitcoin holders on its chain. It enables users to pay fees on the Corn L2 with tokenized Bitcoin $BTCN, which is a hybrid version of $WBTC, and $cbBTC tokens.
It is powered by the native $CORN token that is going to play a key role in its unique governance model popCORN, allowing users to stake $CORNs and decide where they should allocate those coins to receive the best yield rates.
On August 20. 2024, the platform closed a $6.7M Seed funding round with participation of Binance Labs, Polychain Capital and others top tier funds.