PANews reported on June 24 that the Bitcoin Layer 2 network Merlin Chain has officially launched its BTC staking feature, allowing users to participate in the PoS mechanism through BTC, with current annualized returns reaching up to 21%. The first staking vault is now open, with a capacity limit of 50 BTC, and reward settlements are expected to take place in early October 2025, with future expansions depending on market demand.
This update marks the official entry of Merlin Chain into the Bitcoin PoS phase, allowing users to participate in network security maintenance and profit acquisition through BTC without off-chain operations. Merlin Chain founder Jeff stated that in the future, they will continue to promote the standardization of BTC staking mechanisms and build a cross-chain BTC liquidity network to provide composable and yield-generating infrastructure support for BTC.
According to previous reports, the Layer 2 mapped asset M-BTC launched by Merlin Chain has been deployed to over 20 mainstream public chains including Ethereum, Solana, Kaito, and Sui, with an active TVL exceeding 4 billion USD. In terms of ecosystem, Merlin Chain is collaborating with several BTCFi projects such as Babylon and Zerolend to advance the construction of staking, lending, and re-staking scenarios, and providing early assistance to many long-term participants in the BTCFi track, including Solv Protocol and Avalon Labs.
