Merlin Chain, a popular Bitcoin L2 network, has recently commenced a strategic partnership with Sei Network, a Cosmos-based open-source L1 blockchain. The partnership aims to enhance Bitcoin ($BTC) yield and liquidity-related opportunities for the holders. The platform announced this development on its official social media account.
Merlin Chain Partners with Sei Network to Expand Yield Opportunities and Liquidity in Bitcoin Ecosystem
Merlin Chain’s collaboration with Sei Network indicates a notable move in unlocking Bitcoin ($BTC) yield as well as liquidity. Hence, this merger will provide unique opportunities for $BTC holders across both the ecosystems. Moreover, the development also stresses the significance of the cross-chain integration to fortify the decentralized finance (DeFi) sector.
The partnership takes into account the development of Merlin Bitcoin (M-BTC) on the Sei Network. This project permits consumers to seamlessly and productively interact with diverse DeFi protocols. With the development of M-BTC, the collaboration focuses on letting Bitcoin holders utilize the rapid and unparalleled trading infrastructure of Sei. In this respect, they can access the latest opportunities dealing with liquidity, lending, and yield farming.
Driving Bitcoin’s Compatibility with DeFi Ecosystems
As per Merlin Chain, the partnership with Sei Network underscores a key step in the growing trend of cross-chain and L2 solutions in the Bitcoin ecosystem. This makes Bitcoin more diverse and considerably compatible with the latest DeFi networks beyond the native chain thereof. Apart from that, this initiative also opens joint innovations in liquidity mining and trading strategies dealing with Bitcoin.
