Merlin 2.0 Upgrade: Expanding the Bitcoin Ecosystem to Achieve BTC Holding, Earnings, and Cross-Chain Investment

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Abstract generation in progress

[Chain News] PANews, July 21 news, Merlin Chain announced the new Merlin 2.0, proposing the development direction of "Reinvent Bitcoin: Hold, Earn, Invest", aiming to expand Bitcoin from "store of value" to "yield-generating, deployable core asset". Merlin 2.0 focuses on three main directions: BTCFi expansion, chain abstraction technology, and AI applications (such as Merlin Wizard), further enhancing the liquidity and usability of BTC in the multi-chain ecosystem, while dropping the threshold for BTC usage, allowing users to participate in various investment opportunities across chains without exchanging for other assets, conveniently realizing BTC holding, earning, and liquidity participation.

According to previous reports, since the mainnet launch of Merlin Chain in February 2024, it has driven the rise of BTCFi, giving birth to several representative projects including Solv, Bedrock, Avalon, and Babylon, with a total on-chain staking exceeding 3.8 billion USD BTC. Currently, the Merlin-related ecosystem contributes approximately 2 billion USD BTCFi TVL, accounting for more than 20%.

BTC-0.65%
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DeFiGraylingvip
· 07-24 07:25
The great era of BTC has begun!
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LiquidatedTwicevip
· 07-24 02:54
Wow, this has reached 2.0. It's impressive.
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ForkMongervip
· 07-21 23:09
meh... another governance attack surface masquerading as "utility"
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ValidatorVibesvip
· 07-21 12:07
ser, we need more decentralized protocols tbh... not another chain fomo
Reply0
UncommonNPCvip
· 07-21 10:38
BTC is forever the god.
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NeverVoteOnDAOvip
· 07-21 10:38
It still depends on how it lands.
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AirdropHustlervip
· 07-21 10:34
Good project, let's go for it!
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ChainDoctorvip
· 07-21 10:27
btc is alive!
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LightningClickervip
· 07-21 10:16
Funds turn red as soon as they go in.
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DaoGovernanceOfficervip
· 07-21 10:09
*sigh* yet another btc liquidity protocol... show me the governance specs first
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