In the past, although I criticized Merlin, after meeting their team members and receiving a thorough explanation, I decided not to scold them anymore since they haven't run away and are still building after all this time. Recently, they launched the BTC staking feature at Merlin Chain @MerlinLayer2, with a maximum annual yield of 21%, using a PoS mechanism, and a capacity limit of 50 BTC. The reward settlement is expected to take place in early October 2025, and further expansion will depend on market demand.🐂🍺

Back then, Merlin was quite complicated with cross-chain, wallet installations, and mappings, making it really too complex, and the gas fees on the BTC chain were expensive, it's hard to look back... Now it's better, with more than 20 mainstream public chains like Ethereum, Solana, Kaito, Sui, etc. In terms of ecology, they are collaborating with several BTCFi projects like Babylon and Zerolend to promote the construction of staking, lending, and re-staking scenarios, and also providing early support to projects in the BTCFi track such as Solv Protocol and Avalon Labs, which is becoming increasingly rich. 🎉🎉🎉

Alright, I won't scold anymore～

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