Bitcorn

Corn is a blockchain network built on the Arbitrum Orbit stack, designed to incorporate Bitcoin into decentralised finance (DeFi). It enables Bitcoin holders to interact with smart contracts, decentralised applications (dApps), and liquidity protocols without relying solely on passive storage. Corn integrates Bitcoin staking via Babylon and supports interoperability through LayerZero, ThorCorn, and BlueCorn.

Corn’s security is enhanced by combining Ethereum’s proof-of-stake with Bitcoin staking, creating a Bitcoin Secured Network (BSN). The network also features the popCORN System, an incentive mechanism allowing users to direct network rewards.

Bitcorn (BTCN) is the native gas token of the Corn network. It is a Bitcoin-backed token designed for use in on-chain transactions and smart contract execution within the ecosystem. BTCN is backed 1:1 by BTC through cbBTC and wBTC, with custody provided by Coinbase and BitGo.

BTCN can be issued and redeemed via the Bitcoin Clearing House, a mechanism that oversees its minting process, ensuring that BTCN remains backed by Bitcoin reserves. The token aims to provide Bitcoin holders with a way to actively participate in DeFi applications while maintaining a link to Bitcoin’s value.

BTCN is used to pay transaction fees on the Corn network. As the network's gas token, it allows users to interact with DeFi applications such as:

• Lending and Borrowing – BTCN can be used as collateral or liquidity in lending protocols.
• Automated Market Makers (AMMs) – Users can trade BTCN and other assets on decentralised exchanges (DEXs).
• Liquidity Provision – BTCN holders can supply liquidity to earn transaction fees.
• Smart Contract Execution – BTCN is required to process transactions and interact with dApps on Corn.