Coinspeaker
Merlin Chain Introduces Staking Rewards for Bitcoin Holders
Layer 2 blockchain Merlin Chain has announced that Bitcoin (BTC) holders can now earn staking rewards and access lucrative Decentralized Finance (DeFi) opportunities. Notably, Merlin Chain was designed from inception as a Bitcoin L2 solution and it finds its use on the assumption that Bitcoin users are missing out on yields on other chains.
Bitcoin Put at Par with Ethereum
Per its design, Merlin Chain is committed to providing yield to holders of the world’s most valuable cryptocurrency by presenting them with unique opportunities. More than $700 million worth of BTC has been distributed from Merlin Chain to Layer 2 networks offering complementary rewards. Within the past 45 days, the trending protocol has seen over $13 billion worth of BTC bridged to and from its network.
Merlin Chain presents a Proof-of-Stake (PoS) consensus mechanism fused with a suite of innovative DeFi integrations. In the long
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