OKU has made BTC-supported lending and borrowing on the maize network possible, powered by Morpho, where new Defi utility for Bitcoin holders is unlocked.
On April 17, OKU announced the launch of the Morpho protocol on the maize network and opened a new border for Bitcoin (BTC) users to take over collateral loans using BTCN, the native Bitcoin-Bakin token of Corn. BTCN is linked 1: 1 with BTC and is supported by bridged Bitcoin reserves designed for cross-chain functionality.
This marks the first large decentralized loan protocol implementation on corn, a network -oriented network driven by the Arbitrum Orbit Tech Tech Stack. By using Morpho on corn, users are given the opportunity to:
- Borrow assets with the help of BTC-supported collateral.
- Earn return on Bitcoin Holdings via the credit markets of Morpho.
- Access to dynamic interest rates -corrected on the market.
- Save full control over their assets via a non-guardianship model.
“This integration creates a powerful basis for Bitcoin-supported loans that maintain security and at the same time unlocking Bitcoin in the wider Defi landscape,” said Spadaboom, co-founder of Corn.
The integration combines the decentralized loan protocol of Morpho, the Bitcoin-Native Defi network of Corn, powered by BTCN, Oku’s intuitive interface and safes compiled by Steakhouse Financial.
“The OKU team is pleased to work with corn, Morpho and Steakhouse Financial to drive BTCFI ahead,” said Getty, CEO of OKU.
Users now have access to Morpho on corn via the OKU interface. The integration supports a series of assets, in which all transactions on BTCN are carried out as the guest smoking.
“Morpho is the most efficient credit protocol on Ethereum. It is a natural evolution a natural evolution,” said Governance Lead at Morpho Labs.
Corn Network launches a one-year corn principle program for Morpho Protocol users. This initiative begins under the S1 campaign of the Cornfields, with a strong emphasis on core markets such as borrowing/loans and DEX -Liquidity.
