The first BTC staking vault launched by the Bitcoin layer 2 solution Merlin Chain (MERL) was closed within 27 minutes of opening. The first staking vault was set up with a total of 50 BTC, and participants can deposit BTC without on-chain conversion, contribute to network security, and simultaneously receive rewards. Merlin Chain stated, "The first vault was completed much faster than expected. In response to community demand, we plan to sequentially open additional staking vaults." Previously, Merlin Chain had launched a BTC staking feature that offers a maximum annual yield of 21%.
Merlinchain's 1st BTC Staking Vault Closes in 27 Minutes
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