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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-backs-bitcoin-yield-network" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Backs Bitcoin Yield Network</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/advancing-crypto-binance-integrates-brc-20-support-into-web3-wallet" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> Labs, the investment wing of the cryptocurrency exchange Binance, has announced its support for Corn, a yield network focused on Bitcoin. This move is aimed at fostering the growth of decentralized finance (DeFi) within the Bitcoin ecosystem. Binance has previously been known for its <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investments</a> in DeFi projects, but recently, it has also been showing interest in the <a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">AI</a> sector.</p>
<h2 id="what-is-corn-s-strategy">What is Corn’s Strategy?</h2>
<p style="text-align: justify">Corn is an Ethereum Layer 2 network dedicated to integrating Bitcoin with decentralized finance. The initiative seeks to establish a DeFi hub for Bitcoin, providing a more efficient and impactful use of the cryptocurrency within the decentralized finance space. Binance’s Co-Founder Yi He expressed their enthusiasm for supporting Corn, emphasizing the network’s focus on creating a meaningful and sustainable ecosystem.</p>
<h2 id="why-did-binance-invest">Why Did Binance Invest?</h2>
<p style="text-align: justify">Yi He stated that Binance Labs is committed to supporting early-stage innovations that deliver significant and sustainable impact. By backing Corn, Binance aims to develop an auxiliary program-centric ecosystem that effectively utilizes Bitcoin in the DeFi sphere. This investment marks a pivotal step in combining Bitcoin with decentralized finance, enhancing the utility of the former in the latter’s domain.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>Binance Labs is extending its influence in the DeFi sector by supporting Bitcoin-focused projects.</li>
 <li>Corn aims to create a DeFi hub for Bitcoin through its Ethereum Layer 2 network.</li>
 <li>The support from Binance could be crucial for Corn as it continues to develop its mainnet.</li>
 <li>Future investment rounds may be initiated by Corn to attract more capital.</li>
 <li>Investors should watch for the launch of Corn’s mainnet and subsequent rounds of funding.</li>
</ul>
<p style="text-align: justify">The initial support from Binance during Corn’s first investment round is a strategic move that underscores the importance of fostering innovation within the Bitcoin ecosystem. As Corn continues to develop its mainnet, this backing could prove to be a significant milestone in its journey. Investors should stay tuned for potential future investment opportunities as the project progresses.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/binance-backs-bitcoin-yield-network" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Backs Bitcoin Yield Network</a></h5>

Binance Backs Bitcoin Yield Network

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