👉🏻 Along with the main theme of $BTC halving, BTC Layer2 has a tendency to explode
Currently, the Ethereum ecosystem re-staking projects are working hard to compete for liquidity. Today, let’s shift our perspective and talk about the kill-two-fish-two-fish solution that Merlin brings to the BTC L2 ecosystem.
✨Several key liquidity pledge protocols:
Solv Protocol、StakeStone 和 Avalon Finance。
These protocols aim to provide a new investment experience for investors in the Bitcoin ecosystem by introducing the concept of interest-bearing Bitcoin and combining it with the traditional concept of liquidity staking to promote efficient liquidity allocation.
1️⃣ Solv Protocol
A proprietary full-chain basic income protocol, similar to Lido in the Ethereum ecosystem.
The full-chain Bitcoin interest-bearing asset SovBTC was issued with the aim of converting idle underlying assets into interest-bearing assets and promoting free combination across protocols and ecosystems.
The team has a strong background and good financing situation, and has obtained investment from many well-known institutions.
It provides a strategy-based native income stream through four core modules (distributed asset management structure, DAO-centered coin selection mechanism, non-custodial asset operation process, and strictly monitored risk management framework).
Cooperate with other DeFi products such as Merlin Chain to achieve a strategy of killing two birds with one stone.
2️⃣ StakeStone
A full-chain liquidity infrastructure dedicated to providing native staking returns and liquidity for Layer 2 networks.
It supports various staking pools on multiple chains, is compatible with Restaking, and has established a multi-chain liquidity market based on its native LST $STONE.
Deeply cooperate with Layer 2 networks such as Merlin Chain, BNB, Manta, Scroll, etc.
The core mechanisms include StakeStone Vault, Minter, Strategy Pool and OPAP.
The mSTONEBTC, a revenue-generating BTC derivative token based on the BTC Layer 2 PoS mechanism, was issued to promote the efficiency of capital allocation in the BTC ecosystem.
3️⃣ Avalon Finance
A DeFi platform on Bitcoin Layer 2 that provides deposit, lending, leveraged mining and RWA lending services.
Key projects include overcollateralized lending, algorithmic stablecoins based on lending, and RWA lending.
The core mechanisms include the isolated staking pool mechanism and the AVAF locking mechanism, and cooperate with other Merlin Eco head DeFi projects to support SolvBTC staking and lending.
✨ Conclusion:
Merlin is the absolute king of BTC L2 ecology. The ecology and community are very active. The vitality that the re-staking protocol has brought to the Ethereum ecology is obvious to all. Now Merlin brings similar solutions to the Bitcoin ecology. It is still in the early stages. If you are optimistic about re-staking, now may be the best time to participate!
