Corn Network has partnered with Oku and Morpho to launch a new, Bitcoin-backed lending platform, bringing DeFi utility to BTC holders. The integration allows users to leverage their Bitcoin holdings for both borrowing and earning returns through the Morpho Protocol. 🤯
Oku’s interface will give access to this functionality directly for users. Here’s how it works:
* Borrow assets with BTC as collateral.
* Earn interest on your Bitcoin via Morpho’s lending markets.
* Enjoy dynamic, market-adjusted interest rates.
* Maintain full control of your assets through a non-custodial model.
This collaboration blends the decentralized power of Morpho’s protocol with Corn’s unique focus on Bitcoin DeFi and Oku’s user-friendly platform.
The integration is a major milestone in BTCFi, marking the first major decentralized lending protocol deployment on Corn, powered by Arbitrum Orbit tech stack.