Merlin Chain, a popular Bitcoin L2 network, has recently commenced a strategic partnership with Sei Network, a Cosmos-based open-source L1 blockchain.
Merlin Chain, a renowned L2 network tethered to Bitcoin, has forged 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 handle.
Merlin Chain’s collaboration with Sei Network marks a move in unlocking Bitcoin yield and liquidity. The 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.
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