Merlin and SEI partners to increase Bitcoin yields and liquidity

The popular Bitcoin L2 network, Merlin Chain, has recently launched a strategic partnership with SEI Network, a cosmos-based open source L1 blockchain. The partnership aims to strengthen Bitcoin ($BTC) yield and liquidity-related opportunities for holders. The platform announced the development on its official social media account.

Merlin Chain partners with SEI networks to expand yield opportunities and liquidity in the Bitcoin ecosystem

Merlin Chain’s collaboration with the SEI network shows a prominent move in unlocking Bitcoin ($BTC) yields and liquidity. Therefore, this merger offers a unique opportunity for $BTC holders across both ecosystems. Furthermore, the development underscores the importance of cross-chain integration to strengthen the decentralized finance (DEFI) sector.

The partnership considers the development of Merlin Bitcoin (M-BTC) over SEI networks. This project allows consumers to interact seamlessly and productively with a variety of Defi protocols. With the development of M-BTC, the collaboration focuses on making the bitcoin holders accessible to SEI’s rapid and unparalleled trading infrastructure. In this regard, they have access to the latest opportunities to deal with liquidity, lending and agricultural harvests.

Promote Bitcoin compatibility with the defi ecosystem

According to the Merlin chain, the partnership with the SEI network highlights key steps in the growth trends of cross-chain and L2 solutions in the Bitcoin ecosystem. This makes Bitcoin more diverse and quite compatible with modern defi networks beyond its native chain. Separately, the initiative will also open up joint innovation in liquidity mining and trading strategies for dealing with Bitcoin.