PANews reported on April 24 that according to official sources, 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, together with BitGo and nine other core members, to 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, this is just the beginning. In the future, we will jointly explore multi-chain liquidity for Bitcoin, trading experience upgrades, global compliance for 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 the possibilities of 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. Its ecosystem token $MERL has also seen nearly 6 million tokens deployed to BNB Chain due to recent trading activities with PancakeSwap, demonstrating strong cross-chain growth momentum. Merlin Chain will continue to expand Bitcoin's on-chain application scenarios and drive innovation in BTC asset utility.
