Bitcoin Layer 2 Project Merlin Chain Unveils PoS Upgrade and Exclusive 100% APR Staking Event for MERL Holders

On February 10th, COINOTAG reported significant developments in the realm of Bitcoin Layer 2 solutions. The Merlin Chain, a prominent project, is poised to implement an important proof-of-stake (PoS) network upgrade aimed at bolstering both decentralization and security. This upgrade is a strategic move to enhance the operational efficiency of the network. Additionally, Merlin Chain has initiated a PoS Prestage staking event, which presents an enticing opportunity by offering a staggering 100% APR for early MERL token holders within the inaugural week. This is anticipated to stabilize at a long-term rate of 15%, fostering substantial engagement in the upcoming BTC/MBTC governance initiatives. Remarkably, the initial allocation of 10 million MERL tokens was completely staked within just 26 minutes, coinciding with a notable net outflow of over 17 million MERL from centralized exchanges.