Merlin Chain Introduces Bitcoin Staking Feature
Merlin Chain, a rising Layer 2 network within the cryptocurrency space, has officially introduced a new staking feature that allows users to stake Bitcoin (BTC) under a Proof-of-Stake (PoS) model. Investors can partake in this innovative initiative while enjoying substantial returns, with an impressive annualized yield reaching as high as 21%. The initial rollout includes a staking vault designed to accommodate a total of 50 BTC. Reward distributions are slated to commence in early October 2025, with plans for future expansions depending on user demand and market conditions.
Significance of Bitcoin Staking
This latest development signifies Merlin Chain’s formal entry into the realm of Bitcoin staking, enabling participants to contribute to the network’s security and earn rewards solely through BTC, eliminating the need for off-chain activities.
Jeff, the founder of Merlin Chain, stated plans to further establish standards for BTC staking mechanisms, develop a cross-chain liquidity network for Bitcoin, and enhance the foundational infrastructure to support profitable scenarios within the Bitcoin ecosystem.
Merlin Chain’s Role in Decentralized Finance
Merlin Chain has also established a foothold in decentralized finance (DeFi) through its M-BTC asset, which is compatible with over 20 major public blockchain networks including Ethereum, Solana, Kaito, and Sui. The total value locked (TVL) in these assets has surpassed $4 billion, highlighting the platform’s significant engagement in the cryptocurrency market.
Collaborations and Future Prospects
Moreover, Merlin Chain is actively collaborating with various projects in the BTCFi space, such as Babylon and Zerolend, to lay the groundwork for extensive use cases like staking, lending, and re-staking. This strategic approach is set to provide early support to several long-term players in the BTCFi sector, including Solv Protocol and Avalon Labs, thereby contributing to the overall growth and utility of Bitcoin in decentralized finance.
