Hark! Oku, with a flourish and a wink, hath enabled BTC-backed lending and borrowing upon the Corn Network! 🌽 By the grace of Morpho, new DeFi delights are unlocked for Bitcoin holders, may their wallets overflow! 💰
On the 17th of April, in the year of our Lord, Oku did proclaim the launch of the Morpho Protocol upon the Corn Network. A new frontier, indeed, for those Bitcoin (BTC) users bold enough to engage in overcollateralized lending using BTCN, Corn’s very own Bitcoin-backed token. ‘Tis pegged 1:1 with BTC, backed by Bitcoin reserves bridged for cross-chain japes. 🌉
This marks the grand debut of a major decentralized lending protocol upon Corn, a BTCFi-focused network powered by the Arbitrum Orbit tech stack. Through this deployment of Morpho on Corn, users shall gain the power to:
- Borrow assets, using BTC-backed collateral as their humble plea. 🙏
- Earn returns on Bitcoin holdings, through Morpho’s lending markets, a veritable gold mine! 🪙
- Access interest rates, dynamic and market-adjusted, a spectacle of finance! 🎭
- Retain full control of their assets, through a non-custodial model, no thieving hands allowed! 🛡️
“This integration creates a foundation, mighty and strong, for Bitcoin-backed lending. Security is maintained, whilst new utility for Bitcoin is unlocked within the DeFi landscape,” quoth Spadaboom, co-founder of Corn, with a most serious face. 🤔
This integration, a marvel of our age, combines Morpho’s decentralized lending protocol, Corn’s Bitcoin-native DeFi network powered by BTCN, Oku’s interface so intuitive, and vaults curated by Steakhouse Financial, a culinary delight for your finances! 🍽️
“The Oku team is most excited to collaborate with Corn, Morpho, and Steakhouse Financial, to drive BTCFi forward!” exclaimed Getty, CEO of Oku, eyes gleaming with ambition. ✨
Users, rejoice! For you can now access Morpho on Corn through the Oku interface. The integration supports a range of assets, with all transactions running on BTCN as the gas token, fueling the engine of finance! ⛽
“Morpho is the most efficient lending protocol on Ethereum. Bringing that efficiency to Bitcoin holders through Corn is a natural evolution,” declared Kirk, Governance Lead at Morpho Labs, with a nod of approval. 🧐
And what’s this? Corn Network is launching a one-year CORN incentives program for Morpho protocol users! A bounty for the brave! 💰 This initiative kicks off under the Cornfields S1 campaign, with emphasis in core markets like borrowing/lending and DEX liquidity. Get thee hence and join the fray! ⚔️
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2025-04-17 19:13