Merlin Chain officially joins WBTC DAO to jointly govern Bitcoin cross-chain protocol

Planet Daily News: According to official information, Bitcoin Layer2 public chain Merlin Chain has officially joined WBTC DAO, becoming a governance member of the Wrapped Bitcoin (WBTC) protocol. Project founder Jeff Yin will represent Merlin Chain, along with ten core members including BitGo, to jointly lead WBTC's technological upgrades and global ecosystem expansion. Merlin Chain founder Jeff Yin stated: "BTCFi is a long-term narrative. From Merlin leading Bitcoin staking last year to joining WBTC DAO now is just the beginning. In the future, we will jointly explore Bitcoin multi-chain liquidity, trading experience upgrades, global compliance of BTCFi, and more Bitcoin earning opportunities." This joining will not only further consolidate Merlin Chain's core position in BTCFi infrastructure but also promote deep integration between WBTC and MBTC, expanding possibilities for native BTC DeFi products. Currently, Merlin Chain's native asset M-BTC has been deployed to over 15 chains with a total value exceeding $1 billion, and its ecosystem token MERL has seen nearly 6 million tokens deployed to BNB Chain due to recent trading activities with PancakeSwap.