Merlin Chain has announced its exclusive strategic partnership with Taiko, a permissionless open-source Ethereum L2 rollup. This event marks a significant step in improving liquidity and yield for $BTC holders.
Merlin Chain's Partnership with Taiko
Merlin Chain shared details of its new partnership with Taiko through social media posts. This partnership allows the integration of $M-BTC, Merlin Chain's BTC-backed token, into the Taiko ecosystem.
Details of the New Project
Under Taiko's second season of the Trailblazers project, up to 6 million coins are allocated as rewards for participants. This creates new opportunities for $M-BTC holders to earn rewards for their engagement.
Benefits for $BTC Holders
The partnership offers a unique opportunity for $BTC holders to engage with Taiko's rewards-rich platform, opening up a variety of new financial opportunities for $BTC holders.
This partnership is seen by both Merlin Chain and Taiko as a significant development in the BTCFi sector, providing numerous opportunities for liquidity and yield enhancement.
