Blockchain

Bitcoin Layer 2 Merlin Chain Unveils Staking Phase 2 and PoS Upgrade

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Bitcoin Layer 2 Merlin Chain Unveils Staking Phase 2 and PoS Upgrade

Key Points:

  • Merlin Chain’s second phase of Prestage staking begins today, increasing the cap to 20 million MERL with up to 50% annualized yield.
  • The upgrade will introduce BTC/MBTC staking, expand network validators, and integrate ZK Rollup-based validation.

Merlin Chain has announced the launch of the second phase of its Prestage staking activity, set to commence today at 2 p.m. GMT. The upgrade coincides with the upcoming upgrade to its proof-of-stake (PoS) network.

Read more: Bitcoin Layer 2 Mezo Debuts With $21M Funding: Report 

Merlin Chain Expands Staking with Phase 2 Launch

The latest phase of staking raises the participation cap to 20 million MERL, offering an annualized yield of up to 50%. PoS mainnet upgrade will introduce BTC/MBTC staking and governance participation.

The initial phase of the staking activity saw rapid adoption, with the first 10 million MERL quota locked in just 26 minutes. Additionally, centralized exchanges recorded a net outflow exceeding 17 million MERL.

Beyond staking, the PoS upgrade will expand the number of network validators, reinforcing both decentralization and security. Once the Prestage phase concludes, Merlin Chain will move toward full PoS mainnet activation, integrating ZK Rollup-based validation.

Bitcoin Layer 2 Uses ZK-Rollups Technology

Merlin Chain operates as a Bitcoin Layer 2 blockchain, utilizing ZK-Rollups, a decentralized oracle network, and fraud-proof security measures. The platform is designed to support Bitcoin Layer 1 assets, protocols, and applications, promoting ecosystem growth under its motto, “Make Bitcoin Fun Again.”

The network is compatible with various applications, including iZUMi Finance, Meson, Polyhedra Network, Bitmap Game, Bitmap War, and native BRC-420 DeFi protocols such as Mineral.

Merlin Chain is a subsidiary of Bitmap Tech, a prominent blockchain entity with a total market capitalization exceeding $500 million. Bitmap Tech’s BRC-420 “Blue Box” collection remains a notable asset in the Ordinals ecosystem.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Avatar of John Kojo Kumi

John Kojo Kumi

17 February 2025, 14:48:20 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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