Merlin and SEI partners to increase Bitcoin yields and liquidity

The favored Bitcoin L2 community, Merlin Chain, has just lately launched a strategic partnership with SEI Community, a cosmos-based open supply L1 blockchain. The partnership goals to strengthen Bitcoin ($BTC) yield and liquidity-related alternatives for holders. The platform introduced the event on its official social media account.

Merlin Chain companions with SEI networks to develop yield alternatives and liquidity within the Bitcoin ecosystem

Merlin Chain’s collaboration with the SEI community reveals a distinguished transfer in unlocking Bitcoin ($BTC) yields and liquidity. Due to this fact, this merger affords a novel alternative for $BTC holders throughout each ecosystems. Moreover, the event underscores the significance of cross-chain integration to strengthen the decentralized finance (DEFI) sector.

The partnership considers the event of Merlin Bitcoin (M-BTC) over SEI networks. This venture permits shoppers to work together seamlessly and productively with quite a lot of Defi protocols. With the event of M-BTC, the collaboration focuses on making the bitcoin holders accessible to SEI’s speedy and unparalleled buying and selling infrastructure. On this regard, they’ve entry to the most recent alternatives to cope with liquidity, lending and agricultural harvests.

Promote Bitcoin compatibility with the defi ecosystem

Based on the Merlin chain, the partnership with the SEI community highlights key steps within the progress traits of cross-chain and L2 options within the Bitcoin ecosystem. This makes Bitcoin extra various and fairly appropriate with fashionable defi networks past its native chain. Individually, the initiative may even open up joint innovation in liquidity mining and buying and selling methods that cope with Bitcoin.