The Merlin series extends yield options to bitcoin investors
To start earning results, Bitcoin owners must transfer their BTC to the Merlin network via the Merlin Bridge. This process locks BTC in Layer1 and generates gas BTC, which can then be wagered in Merlin’s PoS machine and generate M-BTC, a secured Bitcoin asset that receives gambling payoffs similar to stETH.
Bitcoin holders of M-BTC:
- Share on DeFi Platforms: Earn SolvBTC by betting M-BTC on DeFi platforms like Solv Protocol.
- Supply liquidity: Get results from leading DeFi protocols integrated with Merlin.
- Explore DeFi Primitives: Participate in lending, borrowing, and derivative transactions using BTC.
- Bridge to Layer2 networks: Transfer SolvBTC to Bitcoin Layer2 networks like Linea for additional rewards.
“This transaction mimics Ethereum’s mature DeFi ecosystem but is also powered by Bitcoin’s insecurity,” Jeff added. “We’re tapping into one of the most dedicated crypto communities.”
Impressive Milestones and collaborations
In just 45 days, Marilyn Chain facilitated the creation of over $13 billion in Bitcoin, with $700 million providing complementary rewards distributed across Layer2 networks. The platform is Fireblocks, Cobo, Ceffu, and Antalpha has partnered with other leading cryptocurrency custodians to enhance its security PoS platform
The Merlin chain is also partnering with more than ten leading institutions to expand participation and branding its pool of authenticators, ensuring a transparent and secure blockchain environment for users in all functions.
About the Merlin series
Merlin Chain is a Layer2 network for Bitcoin that integrates ZK-Rollup technology, decentralized oracles, and on-chain BTC fraud-proof modules. Committed to enhancing Bitcoin’s native properties and protocols, the Merlin series aims to “make Bitcoin exciting again.”
As part of the Bitmap Tech company, Marilyn Chen benefits from the expertise of a leading team with a market cap of more than $500 million. Under bitmap tech, the BRC-420 “Blue Box” collection is one of the hottest assets in Ordinals.
Conclusion:
The Merlin series marks a milestone in the realm of Bitcoin investment opportunities by providing competitive advantages, flexible terms, and strong security.