Merlin Chain, a pioneering Bitcoin Layer 2 solution, has officially launched its mainnet staking program, marking a significant milestone in the evolution of Bitcoin's ecosystem. This innovative platform, designed to enhance Bitcoin's scalability and functionality, is set to empower users and builders with new opportunities through its native second-layer network.
The staking initiative, detailed on the Merlin Chain platform, offers participants the chance to earn a substantial 20% of MERL governance tokens as rewards. This fair launch strategy is aimed at rewarding genuine users and developers who contribute to the ecosystem's growth.
Supporting a diverse range of assets, the staking program includes 14 native Bitcoin assets alongside Ethereum-based tokens and stablecoins. Future expansions are planned to incorporate additional assets like ATOM and Ordinals NFTs, broadening the scope for participants.
Merlin Chain's recent completion of a successful funding round, backed by prominent investors such as OKX Ventures and Foresight Ventures, underscores the industry's confidence in this Bitcoin Layer 2 solution. This financial backing is poised to accelerate the platform's development and outreach.
The mainnet launch and staking activities are just the beginning, as Merlin Chain plans to distribute more tokens to key community groups including builders, currency holders, verifiers, and users. This initiative is geared towards fostering a robust and inclusive Bitcoin native protocol ecosystem.
For more information on how to participate in the staking program and to stay updated with Merlin Chain's developments, visit their official website at merlinchain.io. This is an exciting time for Bitcoin enthusiasts looking to explore enhanced utilities through Layer 2 innovations.
Maria Lourdes
