BlockBeats News, June 24th, the Bitcoin Layer2 network Merlin Chain announced the official launch of the BTC staking feature, allowing users to participate in the PoS mechanism with BTC. The current annualized yield can be up to 21%. The initial staking pool has been opened with a capacity limit of 50 BTC, and reward settlement is expected to take place in early October 2025. Subsequent expansion will be gradual based on market demand.

This update marks Merlin Chain's official entry into the Bitcoin PoS phase. Users can participate in network security and earnings with BTC without unchaining operations. Merlin Chain founder Jeff stated that in the future, they will continue to promote the standardization of BTC staking mechanisms, build a cross-chain BTC liquidity network, and provide BTC with composable and revenue-generating infrastructure support.

Previously, Merlin Chain's Layer2 mapped asset M-BTC has been deployed on over 20 mainstream public chains such as Ethereum, Solana, Kaito, and Sui, with an active TVL of over $4 billion. In terms of the ecosystem, Merlin Chain has partnered with various BTCFi projects such as Babylon and Zerolend to promote scenarios such as staking, borrowing, and re-staking, and has provided early support to many long-term participants in the BTCFi track such as Solv Protocol and Avalon Labs.