Solv Protocol and Merlin Chain announced a partnership to make SolvBTC the main entry point for Merlin Network PoS staking

On April 7th, at the Hong Kong Web3 event co-hosted by Solv and Merlin, the two announced a partnership aimed at making SolvBTC an important entry point for Merlin Chain PoS staking. This collaboration is committed to providing users with secure and efficient staking services, further promoting the decentralization and security of the Merlin network. According to the latest data, 2000 M-BTC have already participated in staking for SolvBTC. Currently, the Solv Protocol's Bitcoin asset management volume has exceeded 2750 BTC, and the total TVL has exceeded $260 million.

Solv Protocol Merlin Chain

Comments

All Comments

Recommended for you

Cointime精选 ·

‘We’re just scratching the surface’ of crypto and AI — Microsoft exec

The symbiotic relationship between AI and crypto is still in its nascent stages, according to tech execs.
Cointime精选 ·

Big miners pose a growing existential threat to Bitcoin

As of May, AntPool and Foundry USA controlled more than 50% of Bitcoin's hash rate. That could become a problem for Bitcoin users in the near future.
Cointime精选 ·

Bybit’s Notcoin listing debacle, China firm’s profits up 12-fold after crypto buy: Asia Express

Bybit CEO apologises for Notcoin listing woes, Hong Kong crypto ETFs dissapoint, China firm's profits surge 1100% after crypto buy
Cointime精选 ·

Is onboarding too hard? Crypto adoption still faces major obstacles

Progress has been made in streamlining the Web3 onboarding process, but the flood of mainstream users has not yet arrived.
Cointime精选 ·

What the DOJ’s First MEV Lawsuit Means for Ethereum

In a highly technical overview of an exploit that has since been patched, government prosecutors find that exploiting code is a crime. CoinDesk reached out to several experts in the Ethereum community to get their views on the case.
Cointime精选 ·

Bitcoin is getting stronger (within crypto)

From the bear market until now Bitcoin has seen its dominance go from 38% all the way to now 53% pretty much in a straight line.
Cointime精选 ·

Enter The Sanctum

Everybody gets a stake.
Optimism 2024 Q1 Report: The implementation of EIP-4844 reduces L1 submission costs by 99%

Optimism has released its Q1 2024 report, which shows that the number of daily active addresses has reached 89,000 (a 23% increase compared to the previous period), and the daily transaction volume has increased to 470,000 (a 39% increase compared to the previous period). These indicators are slightly lower than the historical high point in Q3 2023.
LocalMonero to Shut Down in Six Months Amid Regulatory Pressure and Internal Factors

LocalMonero, a peer-to-peer exchange for trading privacy coin Monero (XMR), has disabled all trades and will be taken down in six months, according to parent company AgoraDesk. The company cited a combination of internal and external factors for the decision, but did not provide specifics. The move follows a trend of P2P crypto trading platforms shutting down due to regulatory challenges, including LocalBitcoins and Paxful. LocalMonero's closure also comes amid pressure from regulatory authorities on privacy coins, with exchanges including Binance and Coinbase delisting tokens like Monero and Zcash.
Cointime精选 ·

Lightning In A High Fee Environment: Implications for Bitcoin’s Scalability

The topic of scaling Bitcoin dates back to its very first mailing post. In response to Satoshi’s original message, James McDonald said, “We very, very much need such a system, but the way I understand your proposal, it does not seem to scale to the required size” — a remark that probably wasn’t the welcome Satoshi had anticipated. Nonetheless, this marked the beginning of a seemingly never ending, complex debate.