Back

Merlin Chain Allocates Over Half of BTCFi Revenues to $MERL Buybacks

Merlin Chain’s BTCFi ecosystem channels multi-chain staking, liquidity, and yield protocol revenue into continuous $MERL buybacks, benefiting the community with long-term value distribution.

Summary

Merlin Chain announced its BTCFi ecosystem continues to generate stable multi-chain income from staking, liquidity, and yield protocols. Over 50% of this revenue is allocated to ongoing $MERL token buybacks, with the process already in place and set to continue long-term, aiming to deliver tangible value to the community beyond mere growth.

Terms & Concepts
  • Bitcoin Layer 2: A secondary network built on top of the Bitcoin blockchain to enhance scalability, speed, and functionality without compromising Bitcoin’s base layer security.
  • BTCFi: An ecosystem of decentralized finance (DeFi) applications designed to operate within the Bitcoin network or its Layer 2 solutions, including staking, liquidity provision, and yield protocols.
  • Token Buyback: A process where a project repurchases its own tokens from the market, often to reduce supply and potentially increase token value.