Merlin Chain has officially joined the WBTC DAO to co-govern the world's largest Bitcoin cross-chain protocol.

BlockBeats News, April 24th, according to official sources, the Bitcoin Layer 2 public chain Merlin Chain has officially joined the WBTC DAO and become a governance member of the Wrapped Bitcoin (WBTC) protocol. Project founder Jeff Yin will represent Merlin Chain and, together with ten other core members including BitGo, will jointly lead the technical upgrade and global ecosystem expansion of WBTC.

Merlin Chain founder Jeff Yin stated: "BTCFi is a long-term narrative. From Merlin leading Bitcoin staking last year to now joining the WBTC DAO, it is just the beginning. In the future, we will jointly explore Bitcoin cross-chain liquidity, transaction experience enhancement, global compliance of BTCFi, and more Bitcoin yield opportunities."

This participation will not only further consolidate Merlin Chain's core position in the BTCFi infrastructure but also drive deep integration between WBTC and MBTC, expanding the possibilities for native BTC DeFi products.

Currently, Merlin Chain's native asset M-BTC has been deployed on over 15 chains, with a total value exceeding $1 billion. The ecosystem token $MERL has also shown strong cross-chain growth momentum with nearly 6 million tokens deployed on the BNB Chain due to a recent trading event with PancakeSwap. Merlin Chain will continue to expand Bitcoin's on-chain application scenarios and drive innovation in the utility of BTC assets.