#MerlinTradingCompetition

Here are the key points about the **Merlin Trading Competition**, based on the search results:

### **1. High Reward Pool**

- The competition offered a **30,000 MERL prize pool** split over two weeks (15,000 MERL per week). Traders could earn a pro-rata share based on their trading volume .

### **2. Multiplier for Stakers**

- **WOOFi stakers** received a **volume multiplier** (up to 2x) based on their staking tier, giving them an edge in the competition. For example, a Tier 10 staker’s $10M volume would count as $20M .

### **3. Trading Incentives**

- Participants traded **MERL on WOOFi Pro** to compete, with rewards distributed to wallets that qualified for **at least 1 MERL**. Winners were announced weekly on WOOFi’s Twitter .

### **4. Partnership with Merlin Chain**

- The competition was a collaboration between **WOOFi Pro** and **Merlin Chain**, a Bitcoin Layer 2 solution integrating ZK-Rollups and decentralized oracles to enhance Bitcoin’s scalability .

### **5. Additional Perks for Stakers**

- Beyond the competition, **WOOFi stakers** enjoyed permanent benefits like **discounted trading fees, 80% revenue share, and USDC rewards** .

### **6. Timeline**

- The event ran for **two weeks** (April 23–May 7, 2024), with weekly prize distributions .

### **7. Eligibility and Distribution**

- Rewards were **airdropped** to eligible wallets after the competition, with a minimum threshold of **1 MERL** to qualify .

### **Key Takeaways**

The competition leveraged **trading volume, staking benefits, and strategic partnerships** to drive engagement, offering traders a chance to profit while promoting Merlin Chain’s ecosystem.