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.
| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| Very High | 1.15x | 66 | ||
| Very High | 32.80x | 58 | ||
| N/A | 1.57x | 31 |