Binance Labs, the venture capital and incubation arm of Binance, announced that it has invested in Corn, the first super-yield network built around Bitcoin.
This investment underscores Binance Labs' commitment to supporting early-stage innovation that has meaningful and sustainable impact.
“Binance Labs, the venture capital and incubation arm of Binance, has invested in Corn, the first super yield network built around Bitcoin.
Corn is an Ethereum Layer 2 network focused on building a decentralized finance (DeFi) hub for Bitcoin.
This investment marks Corn's first fundraising round.”
“Binance Labs is committed to supporting early-stage innovation that delivers meaningful and sustainable impact. We look forward to supporting Corn as they develop a utility-focused ecosystem centered around Bitcoin that will enable it to be used more effectively and efficiently in DeFi,” said Yi He, Co-Founder of Binance and Head of Binance Labs.
*This is not investment advice.