On June 5th, Bitcoin Layer 2 solution Merlin Chain announced the launch of the MERL token staking program, offering a fixed annual yield of 45%, with a 6-month lock-up period and the ability to claim rewards at any time. Additionally, the first 1000 addresses participating in this fixed-term staking (as of June 20th) will receive a 7-day limited-time early bird reward with an annual percentage rate (APR) of up to 200%, which is expected to be distributed on June 21st.
It is reported that Merlin Chain has conducted three PoS Prestage staking activities, with a cumulative 108 million MERL tokens participating in flexible staking. The newly launched fixed-yield plan will run parallel to the existing 15% annual flexible staking, aiming to provide more options for long-term MERL holders. In the future, Merlin Chain plans to expand its staking mechanism, including introducing staking pools and supporting multi-asset staking, to enhance network security and participation.
