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Merlin Chain officially joins WBTC DAO to jointly govern the Bitcoin cross-chain protocol.
According to official news, Merlin Chain, a Bitcoin Layer2 public chain, officially joined the WBTC DAO and became a governance member of the Wrapped Bitcoin (WBTC) protocol. Jeff Yin, the founder of the project, will represent Merlin Chain and work with 10 core members including BitGo to jointly lead WBTC's technology upgrade and global ecosystem expansion. Jeff Yin, founder of Merlin Chain, said: "BTCFi is a long-term narrative, from Merlin leading Bitcoin staking last year to joining the WBTC DAO now, it is just the beginning, and in the future, we will jointly explore Bitcoin multi-chain liquidity, transaction experience upgrades, BTCFi global compliance, and more Bitcoin interest-bearing opportunities." This addition will not only further strengthen Merlin Chain's core position in the BTCFi infrastructure, but also promote the deep integration of WBTC and MBTC, expanding the possibilities of native BTC DeFi products. At present, Merlin Chain's native asset M-BTC has been deployed to more than 15 chains with a total value of more than $1 billion, and nearly 6 million tokens of the ecological token MERL have been deployed to BNB Chain due to a recent trading event with PancakeSwap.