Merlin Chain, a Bitcoin Layer-2 blockchain, is revolutionising the DeFi space for Bitcoin holders. In just 45 days, more than $13 billion worth of Bitcoin (BTC) has been bridged. This platform aims to provide new benefits for BTC holders.

The primary goal is to give BTC holders access to decentralised finance (DeFi) opportunities. Merlin Chain is bringing staking rewards and yield generation to Bitcoin. This move could be a game-changer for BTC investors.

Despite being a top-performing asset, Bitcoin holders have missed many earning opportunities. Jeff, the founder of Merlin Chain, highlighted this gap. He expressed excitement about offering BTC investors a chance to earn and participate in the DeFi ecosystem.

Merlin Chain is unlocking yield-generating prospects like staking, liquidity mining, and yield farming. These opportunities, which Ethereum currently dominates, will now be accessible to Bitcoin holders.

The platform’s innovative integrations leverage Bitcoin’s security and scarcity. This approach aims to engage Bitcoin’s dedicated user base in the DeFi ecosystem.

Users can earn yield on their BTC by bridging via Merlin Bridge. By locking their coins on the layer-1, they receive gas BTC. They can then stake gas BTC to generate a wrapped Bitcoin asset, M-BTC. Holders of M-BTC earn staking rewards. Other opportunities with M-BTC include liquidity provision, lending, borrowing, and derivatives.

Merlin Chain’s growth is evident with over $13 billion worth of assets bridged. The network has distributed more than $700 million in BTC rewards. It currently has over $1.2 billion in total value locked (TVL).

Partnerships with leading digital asset custodians and institutions enhance Merlin Chain’s activities. Collaborators include Fireblocks, Cobo, Ceffu, and Antalpha, a Bitmain subsidiary. These partnerships strengthen the platform’s operations and user trust.