BendDAO (Bitcoin NFT lending) will soon deploy a lending protocol on Merlin (a BTC L2 project led by OKX). This will be introduced from several aspects. $BDIN $BTC $ETH

Merlin:

Currently valued at US$500 million, Merlin is invested by 24 institutions including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital. It is mainly an integrated ZK-Rollup network, decentralized oracle and on-chain BTC fraud prevention. Module's Bitcoin Layer2 solution. Total amount: 2,100,000,000.

#Bitcoin#Lending#Layer2#BRC20

BendDAO will also be recorded in Merlin's points after deploying the reception agreement. Currently, Merlin has made a TVL worth 1.7 billion US dollars... @benddao @benddao_btc

Because the market value of bdin is only 5 million US dollars. It is reported that the BTC loan has been completed and is under audit. The communities of NodeMonkey and Bitfrog will come in to lend money as soon as possible after the launch. In the future, when the BTC ecosystem and Inscription continue to be hot, the lending sector business will surge. Moreover, if Merlin cooperates with BIND, lending will be opened. Whether the assets on Merlin can be pledged, airdropped or loaned out, your pledged assets can be pledged again. , which is equivalent to the beginning of the revolving loan. As a result, the price of BDIN will also rise. A 10-fold increase in market capitalization of US$5 million is not a big problem. The current price has limited room for decline.

One is that Binance has launched the first wave of inscription trading competitions. Today’s AINN and RATS have begun to explode. The popularity of the second phase of BDIN may also lead to a second wave of activities. The entire development is indescribable. You understand. It is currently online on the Gate exchange and can also be purchased in the Binance Web3 wallet to receive airdrops.

Therefore, if you are optimistic about BTC lending and BTC L2 sector, you can consider the layout.

Reprinted from——Jingfeng