Merlin Chain's BTC gameplay

BTC enters Merlin Chain, pledges BTC, obtains stMBTC (similar to stETH), and can obtain Merlin's POS income, because Merlin is a multi-token POS mechanism, and the income is BTC (network fee) and MERL (Merlin coin)

The first layer of POS income: pledge BTC, obtain stMBTC, and reward BTC, MERL coins + Merlin airdrop points

Then cast stMBTC on Solv Protocol to produce SolvBTC, which also has income. The income comes from a combination of multiple neutral trading strategies, which can be understood as a stable market making and arbitrage income

The second layer of neutral trading strategy income: pledge stMBTC, obtain SolvBTC, and reward BTC + Solv airdrop points

Then take SolvBTC to Merlin Chain's DeFi, and you can combine DEX LP, lending, and stablecoins to obtain DeFi income.

Third-tier DeFi income: SolvBTC participates in DeFi, gets DeFi income and DeFi airdrop points

Basically, it is triple income + triple airdrop points. Those who have played ETH and then pledged know that the core is actually the points airdrop to promote and complete the cold start of the entire chain. I never thought that BTC could be played like this.