Solv Protocol

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Merlin Chain

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<p class="is-style-lead">Merlin Chain is bringing the much-anticipated decentralized finance (DeFi) opportunities to Bitcoin holders, thanks to a suite of innovative integrations and its proof-of-stake (PoS) mechanism.</p> 
<p>Bitcoin Layer-2 blockchain Merlin Chain has seen more than $13 billion worth of <a href="https://crypto.news/tag/bitcoin/" rel="">Bitcoin (BTC)</a> bridged in the last 45 days. Now its eyeing further growth as it bring more benefits for BTC holders. In this case, the platform wants to be the game-changer for staking rewards and yield-generation on Bitcoin.</p> 
<p> It’s goal is enable greater access to <a href="https://crypto.news/tag/defi/" rel="">DeFi</a> for BTC holders, opening up lucrative opportunities beyond hodling.</p> 
<h2 class="wp-block-heading" id="merlin-chain-aims-to-revolutionize-bitcoin-s-defi-landscape">Merlin Chain aims to revolutionize Bitcoin’s DeFi landscape</h2> 
<p>Despite being one of the best-performing assets in the world over the past decade or so, Bitcoin holders have still missed on numerous earning avenues, Merlin Chain founder Jeff said.</p> 
<p>“We are therefore delighted to finally grant BTC investors and hodlers concrete incentives to not just HODL, but earn and participate in the exciting DeFi ecosystem!” he noted.</p> 
<p>Among these opportunities, which Ethereum currently dominates, are yield-generating prospects such as staking, liquidity mining and yield farming. Merlin Chain is unlocking these and other use cases that mirror “Ethereum’s mature DeFi ecosystem,” Jeff added.</p> 
<p>The most notable aspect however, is that Bitcoin’s robust security and scarcity power the BTC DeFi ecosystem. It’s a scenario that also seeks to tap into an ecosystem with one of the most ardent user base in crypto.</p> 
<h2 class="wp-block-heading" id="stake-btc-to-earn-rewards">Stake BTC to earn rewards</h2> 
<p>Users can earn yield on their BTC by bridging via Merlin Bridge.</p> 
<p>When a holder locks their coins on the layer-1, they receive gas BTC that they can stake to generate a wrapped Bitcoin asset M-BTC. Like stETH, holders of M-BTC earn staking rewards.</p> 
<p>Other opportunities that come with M-BTC include liquidity provision for yields, lending, borrowing, and derivatives. Users can stake M-BTC on Solv Protocol or bridge SolvBTC on Linea among other DeFi integrations.</p> 
<h2 class="wp-block-heading" id="over-700-million-in-rewards-distributed">Over $700 million in rewards distributed</h2> 
<p>Merlin Chain’s growth as a top Bitcoin L2 for yield is clear given the $13 billion worth of assets bridged to and from the network.</p> 
<p>More than that, the network has seen over $700 million in BTC distributed from the platform to Layer-2 networks that offer complementary rewards.</p> 
<p>Merlin Chain, which currently has <a href="https://defillama.com/chain/Merlin" target="_blank" rel="">over $1.2 billion in total value locked (TVL)</a> has partnered with some of the leading digital asset custodians and institutions to enhance its activities. These include Fireblocks, Cobo, Ceffu, and Antalpha, a subsidiary of Bitmain.</p>

Merlin Chain brings staking opportunities and DeFi access to Bitcoin

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