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想多了都是问题，做多了都是答案
Stay hungry and stay rational
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Finally, @surf_protocol mainnet is officially launched, and the points system is also launched at the same time, which is directly linked to future airdrops. Here I summarize some past project information and official instructions for everyone.#Binance#BTC
The following is a personal note, for sharing only, and does not constitute an investment advice. If there are any errors, please correct them.
1. Brief introduction
Surf is the first decentralized perpetual contract exchange on merlin, and the only dex track project among the latest projects incubated by Binance Accelerator.
Important and urgent content is at the front: It is recommended to participate through invitation, which comes with a 5% reduction in handling fees. In addition, if you want to participate in LP, you may have to rush, because the cap is 100 BTC (minimum 0.1B threshold), judge for yourself.
🌟Participation link (with invitation): https://surf.one/trade?referral=8888 Manual invitation code: 8888
2. Participation methods
There are three main ways to get points rewards, and the rules are slightly different.
1️⃣ Participate in contract transactions
Unique advantages: On-chain exchanges make everyone’s funds more transparent, the rules are fairer, and the use of oracles to smooth prices across multiple exchanges reduces the probability of price manipulation. In addition, the initial subsidy for the launch will return all transaction GAS fees
Suitable for: People with contract trading needs
Trading currencies: BTC, ETH, ORDI and SATs, the first two tokens have a maximum opening volume of 2 million, and the latter two have a maximum opening volume of 500,000
Trading requirements: The minimum order margin is 0.0002BTC (about 20U), the maximum support is 50 times leverage, and long and short positions are not supported at the same time
Points rules: Snapshot LP once a day, and update points every day
2️⃣ Participate in the formation of liquidity (LP)
Operation method: Click on the vault interface in the upper left corner of the website
Unique advantages: Support single-coin pledge, no gratuitous loss, can be deposited at any time, but the withdrawal of LP will arrive the next day (points need to be settled)
Suitable for: People who pursue long-term stable returns
Supported assets: MBTC / BTC / WBTC, the first batch currently opens up to 85 MBTC and 15 BTC quotas, and you need to wait for the next batch to reach the top.
Minimum amount: not less than 0.1 BTC
Basic income: 30% of the platform fee, the proportion will be adjusted later according to the income (the other 70% is temporarily reserved for subsequent activities)
Points rules: measured by transaction volume, points are updated every day
3️⃣ Rebate points
You can get 10% of the other party's handling fee and 10% of the points by inviting others, and the invitee will get a 5% handling fee reduction.
3. Other information
1. About og card. The Surf OG pass pledge function will be launched soon, and subsequent rewards will be claimed according to the duration.
2. About online space. There is a space at 10 o'clock in the evening. If you encounter any problems, you can ask questions and solve them.
3. It is recommended to use okx wallet. The default gas recommendation is more accurate. If you use Xiaohu, you can manually change it to about 0.08.
4. About points airdrop. Users who participate in the test or hold a certain number of M-ERC20 (such as MBTC, MUSDT) can go online to open a card and get some basic points rewards (need to be unlocked by transaction).
The following is a personal note, for sharing only, and does not constitute an investment advice. If there are any errors, please correct them.
1. Brief introduction
Surf is the first decentralized perpetual contract exchange on merlin, and the only dex track project among the latest projects incubated by Binance Accelerator.
Important and urgent content is at the front: It is recommended to participate through invitation, which comes with a 5% reduction in handling fees. In addition, if you want to participate in LP, you may have to rush, because the cap is 100 BTC (minimum 0.1B threshold), judge for yourself.
🌟Participation link (with invitation): https://surf.one/trade?referral=8888 Manual invitation code: 8888
2. Participation methods
There are three main ways to get points rewards, and the rules are slightly different.
1️⃣ Participate in contract transactions
Unique advantages: On-chain exchanges make everyone’s funds more transparent, the rules are fairer, and the use of oracles to smooth prices across multiple exchanges reduces the probability of price manipulation. In addition, the initial subsidy for the launch will return all transaction GAS fees
Suitable for: People with contract trading needs
Trading currencies: BTC, ETH, ORDI and SATs, the first two tokens have a maximum opening volume of 2 million, and the latter two have a maximum opening volume of 500,000
Trading requirements: The minimum order margin is 0.0002BTC (about 20U), the maximum support is 50 times leverage, and long and short positions are not supported at the same time
Points rules: Snapshot LP once a day, and update points every day
2️⃣ Participate in the formation of liquidity (LP)
Operation method: Click on the vault interface in the upper left corner of the website
Unique advantages: Support single-coin pledge, no gratuitous loss, can be deposited at any time, but the withdrawal of LP will arrive the next day (points need to be settled)
Suitable for: People who pursue long-term stable returns
Supported assets: MBTC / BTC / WBTC, the first batch currently opens up to 85 MBTC and 15 BTC quotas, and you need to wait for the next batch to reach the top.
Minimum amount: not less than 0.1 BTC
Basic income: 30% of the platform fee, the proportion will be adjusted later according to the income (the other 70% is temporarily reserved for subsequent activities)
Points rules: measured by transaction volume, points are updated every day
3️⃣ Rebate points
You can get 10% of the other party's handling fee and 10% of the points by inviting others, and the invitee will get a 5% handling fee reduction.
3. Other information
1. About og card. The Surf OG pass pledge function will be launched soon, and subsequent rewards will be claimed according to the duration.
2. About online space. There is a space at 10 o'clock in the evening. If you encounter any problems, you can ask questions and solve them.
3. It is recommended to use okx wallet. The default gas recommendation is more accurate. If you use Xiaohu, you can manually change it to about 0.08.
4. About points airdrop. Users who participate in the test or hold a certain number of M-ERC20 (such as MBTC, MUSDT) can go online to open a card and get some basic points rewards (need to be unlocked by transaction).
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#BTC #ckb
Many people want to buy $ckb but cannot understand rgb++, nor do they understand the so-called privacy for convenience. Let me give you an example. How CKB (Nervos Network) strengthens the Bitcoin ecological asset protocol.
You imagine that the Bitcoin blockchain is a public library, and each Bitcoin transaction is like a book in the library. The RGB protocol is equivalent to leaving small notes on the margins of these books to record some additional information, such as "This book belongs to so-and-so" or "This book was lent to so-and-so". These notes are private and can only be read by those who know the specific information, thus preserving the information and protecting privacy.
But the problem is, because these sticky notes are only affixed to specific books, if you want to know the complete information, you must know which books have the sticky notes you need, which makes the information fragmented and difficult to manage and query. RGB++ is like adding a special archive to the library. This archive not only stores all the original notes, but also records in detail which book each note comes from and the relationship between them.
In this way, anyone who enters the archives can easily find all relevant notes, and the management and query of these notes become more efficient and transparent. Archives (CKB Chain) provides a more reliable data hosting environment, making asset ownership and transaction records more clearly visible.
Simply put, RGB++ trades privacy for ease of use, by moving asset data and transaction records from the edge of the Bitcoin blockchain (client local storage) to a more central, reliable storage location (CKB chain). Making asset management and transaction verification simpler and more efficient. This is a very attractive proposition for users who want to simplify operations and leverage Bitcoin assets for more complex transactions and application development.
Many people want to buy $ckb but cannot understand rgb++, nor do they understand the so-called privacy for convenience. Let me give you an example. How CKB (Nervos Network) strengthens the Bitcoin ecological asset protocol.
You imagine that the Bitcoin blockchain is a public library, and each Bitcoin transaction is like a book in the library. The RGB protocol is equivalent to leaving small notes on the margins of these books to record some additional information, such as "This book belongs to so-and-so" or "This book was lent to so-and-so". These notes are private and can only be read by those who know the specific information, thus preserving the information and protecting privacy.
But the problem is, because these sticky notes are only affixed to specific books, if you want to know the complete information, you must know which books have the sticky notes you need, which makes the information fragmented and difficult to manage and query. RGB++ is like adding a special archive to the library. This archive not only stores all the original notes, but also records in detail which book each note comes from and the relationship between them.
In this way, anyone who enters the archives can easily find all relevant notes, and the management and query of these notes become more efficient and transparent. Archives (CKB Chain) provides a more reliable data hosting environment, making asset ownership and transaction records more clearly visible.
Simply put, RGB++ trades privacy for ease of use, by moving asset data and transaction records from the edge of the Bitcoin blockchain (client local storage) to a more central, reliable storage location (CKB chain). Making asset management and transaction verification simpler and more efficient. This is a very attractive proposition for users who want to simplify operations and leverage Bitcoin assets for more complex transactions and application development.
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merlinchain possible passwords
In the evening, the boss attended a space hosted by @TheBitcoinConf bitcoin aisa, which was equivalent to a warm-up. Most of the content was about macro aspects. I will briefly summarize it. Those who are interested can take a look.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. Views on Rare Satoshi
1. Excellent concept. I think rare satoshis are a fascinating concept. You know, now you can write all kinds of things on Bitcoin. So you can, you know, write a song, you can make a video, you can have some jpegs, you can have some letters, you can play tokens. It's very cool. But how to determine the value of a satoshi, rare or epic, it's very difficult. I think there are multiple reasons behind this. First of all, you know, there are some NFTs, you know, engraved on those rare sats, and the market doesn't recognize the value of it right now. If you look at all these very expensive NFTs, you'll see that they are not on rare satoshis.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. Views on Rare Satoshi
1. Excellent concept. I think rare satoshis are a fascinating concept. You know, now you can write all kinds of things on Bitcoin. So you can, you know, write a song, you can make a video, you can have some jpegs, you can have some letters, you can play tokens. It's very cool. But how to determine the value of a satoshi, rare or epic, it's very difficult. I think there are multiple reasons behind this. First of all, you know, there are some NFTs, you know, engraved on those rare sats, and the market doesn't recognize the value of it right now. If you look at all these very expensive NFTs, you'll see that they are not on rare satoshis.
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The latest news about the seventh batch of Binance accelerator project surf, about new activities
The weekly community update space hosted by @surf_protocol has just ended. Here is a summary of the new information for everyone. Students who are interested can read it.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. Important information updates about surf products
1. New LP assets. This week we supported the LP of solvBTC, adding about 140 solvBTC, and there are more than 100 quotas. We will do some more publicity tomorrow and the day after tomorrow. We are also talking with the avalonBTC team to see if we can support them. The most important thing is to see if there is liquidity on merlinswap, so it will take some time.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. Important information updates about surf products
1. New LP assets. This week we supported the LP of solvBTC, adding about 140 solvBTC, and there are more than 100 quotas. We will do some more publicity tomorrow and the day after tomorrow. We are also talking with the avalonBTC team to see if we can support them. The most important thing is to see if there is liquidity on merlinswap, so it will take some time.
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Last night, some new information about @surf_protocol was synchronized with everyone in space, including alpha information, including og card pledge, trading activities, and wallet joint activities.
The following is a personal note, for sharing only, and does not constitute an investment advice. If there are any errors, please correct them.
1. About the oracle mechanism
Our mechanism is an oracle that we have made ourselves, which will connect to some CEX or DEX. Our prices are connected in real time using web sockets. In other words, if the market value of the new target you list is very small, it may only be a few M or 10M, then it may be easily manipulated. In other words, for LP, it is a very dangerous thing. Because you may spend tens of thousands of dollars in the secondary market, it is easy to cause, for example, a price fluctuation of a few tenths of a percent. At this time, on surf, if you open a 30x leverage or 50x leverage, it is very easy to make an arbitrage opportunity. For us, our first priority is to protect our LP and our trader, so there may be some requirements for market value.
2. About surf and MERLIN ecosystem
1. Surf’s positioning. In fact, the significance of surf in the Merlin ecosystem is to provide more liquidity and risk hedging tools. When the market has a one-sided market, you can take some measures to hedge. In combination with the MERLIN ecosystem, I think what we can expect next is the launch of runes, the inflow of ETFs, and the interest rate cut in the second half of the year. These are actually some benefits that have not yet been fully realized. I think we can give the ecosystem more time. I think there will still be more projects with real value. Most importantly, we can also expect that in the future, our surf will also provide more trading opportunities for high-quality assets, and we can also provide more tools for everyone in the volatile market as a hedge against risks.
2. MERLIN’s future view. In general, I think if Merlin is regarded as an index, it is far from reaching it. For example, there are many meme coins on Solana. The success of these meme coins is because Solana has pulled the market, and these have taken off, but Merlin is far from reaching that stage now.Because there is no overflow of funds now, and there is no extra funds flowing into the market. Maybe it has not reached a stage yet. But if it is the second half of the year, the market will be like what I just said, with interest rate cuts, ETF inflows, and a series of other favorable factors. Will there be more meme coins in the future? This is possible. I think the entire MERLIN ecosystem is still in a very early stage. You can still give Merlin and the entire ecosystem more time. Time will prove everything.
3. About surf and merl
1. merl token trading is online. If we talk about empowerment, I dare not say that I have such a great ability to empower. I think unicross may do better in real empowerment. Now merl USD trading has been listed on surf. At present, this transaction volume ranks third. By trading merl, you can also get surf points, and these points are ultimately directly linked to our token. The information we can reveal next is that surf and solv will conduct a joint promotion activity with a well-known wallet. This event may have tokens as incentives.
2. surf's current goal. From the perspective of surf, our top priority is to ensure that our on-chain trading experience is smooth enough. Our functions are complete, but there are still many areas that need to be polished in our products to ensure that our LP and trader participants can get fair returns.
IV. Important events in the near future
Later this weekend, we will introduce staking functions for surf protocol's OG cards, and our LP pool will also be expanded and add solvBTC, which will allow more partners in the Merlin ecosystem to participate in this diversified way of earning points. Next week, we will also hold an event for all traders, and the specific details are kept confidential for the time being. Therefore, from the perspective of surf, we provide a liquidity solution and risk hedging tool. As long as we continue to optimize our products, we have made important contributions to the Merlin ecosystem.
The following is a personal note, for sharing only, and does not constitute an investment advice. If there are any errors, please correct them.
1. About the oracle mechanism
Our mechanism is an oracle that we have made ourselves, which will connect to some CEX or DEX. Our prices are connected in real time using web sockets. In other words, if the market value of the new target you list is very small, it may only be a few M or 10M, then it may be easily manipulated. In other words, for LP, it is a very dangerous thing. Because you may spend tens of thousands of dollars in the secondary market, it is easy to cause, for example, a price fluctuation of a few tenths of a percent. At this time, on surf, if you open a 30x leverage or 50x leverage, it is very easy to make an arbitrage opportunity. For us, our first priority is to protect our LP and our trader, so there may be some requirements for market value.
2. About surf and MERLIN ecosystem
1. Surf’s positioning. In fact, the significance of surf in the Merlin ecosystem is to provide more liquidity and risk hedging tools. When the market has a one-sided market, you can take some measures to hedge. In combination with the MERLIN ecosystem, I think what we can expect next is the launch of runes, the inflow of ETFs, and the interest rate cut in the second half of the year. These are actually some benefits that have not yet been fully realized. I think we can give the ecosystem more time. I think there will still be more projects with real value. Most importantly, we can also expect that in the future, our surf will also provide more trading opportunities for high-quality assets, and we can also provide more tools for everyone in the volatile market as a hedge against risks.
2. MERLIN’s future view. In general, I think if Merlin is regarded as an index, it is far from reaching it. For example, there are many meme coins on Solana. The success of these meme coins is because Solana has pulled the market, and these have taken off, but Merlin is far from reaching that stage now.Because there is no overflow of funds now, and there is no extra funds flowing into the market. Maybe it has not reached a stage yet. But if it is the second half of the year, the market will be like what I just said, with interest rate cuts, ETF inflows, and a series of other favorable factors. Will there be more meme coins in the future? This is possible. I think the entire MERLIN ecosystem is still in a very early stage. You can still give Merlin and the entire ecosystem more time. Time will prove everything.
3. About surf and merl
1. merl token trading is online. If we talk about empowerment, I dare not say that I have such a great ability to empower. I think unicross may do better in real empowerment. Now merl USD trading has been listed on surf. At present, this transaction volume ranks third. By trading merl, you can also get surf points, and these points are ultimately directly linked to our token. The information we can reveal next is that surf and solv will conduct a joint promotion activity with a well-known wallet. This event may have tokens as incentives.
2. surf's current goal. From the perspective of surf, our top priority is to ensure that our on-chain trading experience is smooth enough. Our functions are complete, but there are still many areas that need to be polished in our products to ensure that our LP and trader participants can get fair returns.
IV. Important events in the near future
Later this weekend, we will introduce staking functions for surf protocol's OG cards, and our LP pool will also be expanded and add solvBTC, which will allow more partners in the Merlin ecosystem to participate in this diversified way of earning points. Next week, we will also hold an event for all traders, and the specific details are kept confidential for the time being. Therefore, from the perspective of surf, we provide a liquidity solution and risk hedging tool. As long as we continue to optimize our products, we have made important contributions to the Merlin ecosystem.
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Merlin's latest news Binance's investment in solv investment password
Last night, my boss attended the space co-organized by @SolvProtocol. It was mainly about the airdrop event of merlin and solv cooperation, which empowered everyone's MBTC near and after the key node of unstaking, as well as the history and future of merlin. Students who follow merlin are recommended to read it. (The solv part is posted separately, and the event has actually been announced)
1. About the airdrop activities of solv and merlin
We specially moved the event with Solv forward to the Bitcoin Asia conference in May. Now many people may not want to sell their BTC, so if they want to earn some interest in their wallets, there is actually not much room. We have seen that many MBTC have already participated in Solv. Next, you can actually participate in other projects after getting SolveBTC. Secondly, you can also exchange BTC on Merlinswap. Of course, the discount is relatively high now. I hope that after the entire liquidity is improved, the discount will be relatively low, so that users will be more motivated to use this money to participate in different ecosystems. This may require more efforts from Dex and Solv. The third thing is that I heard that Solv will cooperate with a very large company in the future, which means that you can not only get Solv points by staking in Solv, but also get the income of Cedefi, the entire BTC quantitative trading, with a very high annualized rate, which is also real BTC.
1. About the airdrop activities of solv and merlin
We specially moved the event with Solv forward to the Bitcoin Asia conference in May. Now many people may not want to sell their BTC, so if they want to earn some interest in their wallets, there is actually not much room. We have seen that many MBTC have already participated in Solv. Next, you can actually participate in other projects after getting SolveBTC. Secondly, you can also exchange BTC on Merlinswap. Of course, the discount is relatively high now. I hope that after the entire liquidity is improved, the discount will be relatively low, so that users will be more motivated to use this money to participate in different ecosystems. This may require more efforts from Dex and Solv. The third thing is that I heard that Solv will cooperate with a very large company in the future, which means that you can not only get Solv points by staking in Solv, but also get the income of Cedefi, the entire BTC quantitative trading, with a very high annualized rate, which is also real BTC.
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Students who have participated in the LBP subscription of Dragon Ball before, don’t forget to receive $MDBL tokens at 8:00 (UTC+8) tonight (April 23), which will be immediately listed on merlinswap, but not on cex for the time being.
In addition, the liquidity mining function is also launched simultaneously, and it will last from April 23 to May 23. The specific rules are relatively complicated, so I will give you a simple basic logic version first.
1️⃣ Basic rules
$MDBL can only be profitable if it is converted to $eMDBL through staking and locking to participate in mining (it takes 120 days to retrieve without wear and tear). The income pool is divided into grades according to the total amount of participation (see the figure), and the reward form is also $eMDBL tokens. Your income is based on the proportion of your eMDBL to the total participation and the acceleration coefficient (currently holding Dragon Ball and Dragon Acceleration, up to 25%).
2️⃣ How to redeem
The normal redemption period is 120 days. If the redemption is accelerated, there will be wear and tear. You can get 25% in 15 days, 35% in 30 days, and 50% in 60 days. You can get eMDBL rewards during the redemption period. So if you want to participate, it is recommended to click redemption immediately after staking.
3️⃣ Yield estimation
Without considering the gain acceleration, you can calculate the single currency yield according to the attached figure (without considering the rise and fall of the currency price).
For example, in the first tier, if the current total eMDBL is 21,000,000, then it is currently in the first tier, the daily reward is 100,000, and the APY is: 100,000*365/21,000,000 = 174%
If you consider the gain situation, you need to calculate your own $eMDBL based on the number of your dragon balls and dragons (see attached figure 2) to expand the gain, and continue to calculate the yield.
Announcement document link: https://mbox.medium.com/introducing-mdbl-liquidity-yield-program-stage-1-840d82ad8138
In addition, the liquidity mining function is also launched simultaneously, and it will last from April 23 to May 23. The specific rules are relatively complicated, so I will give you a simple basic logic version first.
1️⃣ Basic rules
$MDBL can only be profitable if it is converted to $eMDBL through staking and locking to participate in mining (it takes 120 days to retrieve without wear and tear). The income pool is divided into grades according to the total amount of participation (see the figure), and the reward form is also $eMDBL tokens. Your income is based on the proportion of your eMDBL to the total participation and the acceleration coefficient (currently holding Dragon Ball and Dragon Acceleration, up to 25%).
2️⃣ How to redeem
The normal redemption period is 120 days. If the redemption is accelerated, there will be wear and tear. You can get 25% in 15 days, 35% in 30 days, and 50% in 60 days. You can get eMDBL rewards during the redemption period. So if you want to participate, it is recommended to click redemption immediately after staking.
3️⃣ Yield estimation
Without considering the gain acceleration, you can calculate the single currency yield according to the attached figure (without considering the rise and fall of the currency price).
For example, in the first tier, if the current total eMDBL is 21,000,000, then it is currently in the first tier, the daily reward is 100,000, and the APY is: 100,000*365/21,000,000 = 174%
If you consider the gain situation, you need to calculate your own $eMDBL based on the number of your dragon balls and dragons (see attached figure 2) to expand the gain, and continue to calculate the yield.
Announcement document link: https://mbox.medium.com/introducing-mdbl-liquidity-yield-program-stage-1-840d82ad8138
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Many people are asking about @Stake_Stone's carnival code. I took a quick look at the rules. Depositing M-BTC is a separate reward pool. It is currently in the pre-deposit stage and is locked until May. You cannot withdraw money before then. After the expiration, you can choose to withdraw mstoneBTC or redeem M-BTC. You can deposit it as you see fit. Binance's project has a TVL of about 600 million on other chains.
Carnival link: https://carnival.stakestone.io/r?code=B8FA8. Open the link wallet directly and scroll to the bottom of the page to deposit MBTC.
Note: You must use an invitation code to participate. You can fill in the class representative's B8FA8, or find it yourself. In addition, the current airdrop share has not been determined, and it is temporarily impossible to kill two birds with one stone. Fortunately, the valuation level of the project itself is relatively high. If there are many participants, make an analysis.
Carnival link: https://carnival.stakestone.io/r?code=B8FA8. Open the link wallet directly and scroll to the bottom of the page to deposit MBTC.
Note: You must use an invitation code to participate. You can fill in the class representative's B8FA8, or find it yourself. In addition, the current airdrop share has not been determined, and it is temporarily impossible to kill two birds with one stone. Fortunately, the valuation level of the project itself is relatively high. If there are many participants, make an analysis.
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Solv and Avalon cooperate to expand BNB's BTCFI income
Yesterday @SolvProtocol and @avalonfinance_ jointly held a space, where we synchronize some new information for everyone. Friends who are involved in these two ecosystems and those who want to participate can take a look.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. About solv’s new activities
We are also planning an event recently, which may be launched soon. The general logic is to use merl tokens to accelerate the acquisition of points. This will encourage everyone to hold and stake merl tokens for a long time. However, this event is still in the planning stage, and the specific launch time is not yet clear.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. About solv’s new activities
We are also planning an event recently, which may be launched soon. The general logic is to use merl tokens to accelerate the acquisition of points. This will encourage everyone to hold and stake merl tokens for a long time. However, this event is still in the planning stage, and the specific launch time is not yet clear.
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Merlin highest tvl loan agreement avalon latest password
Yesterday, the boss of @avalonfinance_ answered questions online on Space and shared the new information with everyone.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. About the launch of merl
We will definitely support the deposit of Merlin tokens as soon as possible. In addition, we have about 500 IDO white tickets to reward users who deposit Merlin tokens to Avalon on the day of launch. The condition is that you must deposit at least 100 Merlin, and then we will hold a lottery. Because I believe that the number of users who should participate in this event should definitely be far more than 500, so this is definitely a lottery like this. We will not rank according to the amount, but randomly draw. In addition, IDO I expect it to be around May.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. About the launch of merl
We will definitely support the deposit of Merlin tokens as soon as possible. In addition, we have about 500 IDO white tickets to reward users who deposit Merlin tokens to Avalon on the day of launch. The condition is that you must deposit at least 100 Merlin, and then we will hold a lottery. Because I believe that the number of users who should participate in this event should definitely be far more than 500, so this is definitely a lottery like this. We will not rank according to the amount, but randomly draw. In addition, IDO I expect it to be around May.
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Merlin token $merl will be listed on OKX tomorrow
Today, the boss attended the $merl release carnival space hosted by @OrdsLabs. The boss repeated some precautions for tomorrow. Although I have said them many times today, you can still read them more and forward them more to avoid making mistakes tomorrow.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. Notes on receiving Merl
1. Check your points in time. We will make an official announcement. I think what needs to be reminded is that everyone should check the points first. According to the feedback, there should be no problem. Many people said that they did not see their points. It is likely that they clicked the wrong wallet. Including Bitcoin wallets themselves are divided into bc1p bc1q address types, everyone should pay attention to it.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. Notes on receiving Merl
1. Check your points in time. We will make an official announcement. I think what needs to be reminded is that everyone should check the points first. According to the feedback, there should be no problem. Many people said that they did not see their points. It is likely that they clicked the wrong wallet. Including Bitcoin wallets themselves are divided into bc1p bc1q address types, everyone should pay attention to it.
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Many students asked @Mage_Finance questions in the group, especially about the testnet rewards. Here I sorted out the information I learned and the various spaces in the past and summarized them for everyone. In addition, they also launched a points activity. According to the project owner, the airdrop share is 20%, and the first phase of the points activity (ending on May 12) can exclusively enjoy their 50% $merl developer airdrop (if any), as well as 5% of the Mage token allocation.
Recent status: The mainnet and points system have been launched. At present, tvl 6600w currently supports BTC, MBTC and solvBTC. Next, $MP, $esMP, $voya, $huhu pools will be launched, and the function of borrowing BTC is planned to be launched. In addition, after $merl is launched, Mage will immediately open the $merl pool, and users can enjoy 20% points acceleration in the first 10 days.
The following is a personal note, for sharing only, and does not constitute an investment advice. If there are any errors, please correct them.
1. Basic Introduction
Mage is the lending infrastructure on Merlin. Its core products include: Mage Protocol, Merlin Ecological Lending Protocol, a one-stop liquidity center; and Mage Chain, a Bitcoin three-layer application chain based on Merlin, which provides decentralized ledger services for centralized financial institutions.
1. Lending protocol mage protocol is a lending protocol on Merlin. Users can use Bitcoin assets for over-collateralization and lending.
2. Layer 3 serving Cefi. Cefi has a variety of funding sources, including banks, private equity, and trusts. Miners pledge BTC in exchange for liquidity to cover expenses. This process is not very transparent and the efficiency is similar to traditional finance, which is very low.
This L3 is to provide Cefi with a decentralized ledger to make the process transparent and more efficient, so that Cefi can obtain low-cost and liquid assets through the chain (that is, our second-layer protocol). The basis for this demand is that the on-chain borrowing cost will be relatively low compared to the off-chain.
2. Points Rules
1. Basic Rules. The points are called Mana magic points. For every $1 deposited, 1 mana value is obtained every day.
2. Referral system. The specific gameplay is that, without re-depositing assets, as long as someone binds your invitation code, you and the referee will receive 15% of the other party's basic score as a bonus. In the future, as the other party's points increase, this 15% additional magic value reward will also increase accordingly.The more people you recommend, the more points you get. Points are updated every hour.
3. Participation method.
Open https://app.mage.finance/markets?code=c2KNFI… (the invitation link of the class representative) and deposit funds into the linked wallet, or click the bind code button to manually bind the invitation code c2KNFI.
4. Security
1. The main pool and the merlin ecological pool are independently operated, and more risk control parameters are added to the contract to strengthen risk management.
2. Mage's main network contract has been fully audited by BlockSec, which is also the auditor of projects such as UniSwap and PancakeSwap.
3. Part of the handling fee and part of the token reserve will flow into the insurance fund to deal with extreme market conditions.
5. Scattered information
1. Test network interaction. The amount of test data is huge and cannot be processed temporarily. Bonus mana points will be airdropped after processing.
2. Airdrop share. The token distribution cannot be announced for the time being. The project party promised that 20% will be used for airdrops.
3. OAT holders. Don't forget to go to DC to get the role (tonight 0:00 UTC+8), otherwise you will miss the empowerment.
Recent status: The mainnet and points system have been launched. At present, tvl 6600w currently supports BTC, MBTC and solvBTC. Next, $MP, $esMP, $voya, $huhu pools will be launched, and the function of borrowing BTC is planned to be launched. In addition, after $merl is launched, Mage will immediately open the $merl pool, and users can enjoy 20% points acceleration in the first 10 days.
The following is a personal note, for sharing only, and does not constitute an investment advice. If there are any errors, please correct them.
1. Basic Introduction
Mage is the lending infrastructure on Merlin. Its core products include: Mage Protocol, Merlin Ecological Lending Protocol, a one-stop liquidity center; and Mage Chain, a Bitcoin three-layer application chain based on Merlin, which provides decentralized ledger services for centralized financial institutions.
1. Lending protocol mage protocol is a lending protocol on Merlin. Users can use Bitcoin assets for over-collateralization and lending.
2. Layer 3 serving Cefi. Cefi has a variety of funding sources, including banks, private equity, and trusts. Miners pledge BTC in exchange for liquidity to cover expenses. This process is not very transparent and the efficiency is similar to traditional finance, which is very low.
This L3 is to provide Cefi with a decentralized ledger to make the process transparent and more efficient, so that Cefi can obtain low-cost and liquid assets through the chain (that is, our second-layer protocol). The basis for this demand is that the on-chain borrowing cost will be relatively low compared to the off-chain.
2. Points Rules
1. Basic Rules. The points are called Mana magic points. For every $1 deposited, 1 mana value is obtained every day.
2. Referral system. The specific gameplay is that, without re-depositing assets, as long as someone binds your invitation code, you and the referee will receive 15% of the other party's basic score as a bonus. In the future, as the other party's points increase, this 15% additional magic value reward will also increase accordingly.The more people you recommend, the more points you get. Points are updated every hour.
3. Participation method.
Open https://app.mage.finance/markets?code=c2KNFI… (the invitation link of the class representative) and deposit funds into the linked wallet, or click the bind code button to manually bind the invitation code c2KNFI.
4. Security
1. The main pool and the merlin ecological pool are independently operated, and more risk control parameters are added to the contract to strengthen risk management.
2. Mage's main network contract has been fully audited by BlockSec, which is also the auditor of projects such as UniSwap and PancakeSwap.
3. Part of the handling fee and part of the token reserve will flow into the insurance fund to deal with extreme market conditions.
5. Scattered information
1. Test network interaction. The amount of test data is huge and cannot be processed temporarily. Bonus mana points will be airdropped after processing.
2. Airdrop share. The token distribution cannot be announced for the time being. The project party promised that 20% will be used for airdrops.
3. OAT holders. Don't forget to go to DC to get the role (tonight 0:00 UTC+8), otherwise you will miss the empowerment.
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Next Athena and merlin's umoja
Last night, Joye (transliteration) of @MerlinLayer2 and Roby, the founder of @UmojaProtocol, attended a space abroad. There is a lot of information, and you can read it if you are interested. Just a reminder, if you are not familiar with umoja, you can understand it by analogy with athena.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. Introduction to the cooperation between umoja and merlin
We are an asset factory with the goal of creating the lowest risk, highest yield assets in crypto. We do this by combining assets we know and love, like Bitcoin, ETH to ETH, etc., and combining them with tokenized trading strategies to create effective smart assets. They can trade like a hedge fund, whale or DeFi DGen to hedge against market declines and optimize returns. Our first smart asset will be the launch of USDB on Merlin Chain, the first high-yield synthetic dollar for Bitcoin.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. Introduction to the cooperation between umoja and merlin
We are an asset factory with the goal of creating the lowest risk, highest yield assets in crypto. We do this by combining assets we know and love, like Bitcoin, ETH to ETH, etc., and combining them with tokenized trading strategies to create effective smart assets. They can trade like a hedge fund, whale or DeFi DGen to hedge against market declines and optimize returns. Our first smart asset will be the launch of USDB on Merlin Chain, the first high-yield synthetic dollar for Bitcoin.
See original
Since the release of the Merlin Phantom solution, many students have sent private messages to ask for their opinions. It happened that @OrdsLabs created a twitter space about Merlin Phantom yesterday. Many friends who have been building the Merlin ecosystem were there. I recommend everyone to listen to the recording. Here is a summary of the wonderful discussion between @Bitzarrd's boss and @JerryOrdinals near the end of the time. I hope everyone can be inspired, have their own understanding of Merlin Phantom, and make their own money.
The following is a personal note, only for sharing, not investment advice, if there are any errors, please correct them.
Discussion on the effect of Merlin Phantom
1. The view of @bardbitmap, the founder of the staff
(There are many rounds of discussion, and the class representative summarizes it from personal understanding, which may not be accurate)
The founder of bitmapwar staff mainly considered this matter from the perspective of the project party. He was worried that after the project party specifically applied the graph currency swap and full chain liquidity, the foundation of the project had not yet matched the liquidity. For the real long-term project, it may not be very useful, and may even have the opposite effect.
2. @JerryOrdinals’s opinion
In general, providing this tool is definitely a benefit to the project parties. Let’s analyze it from multiple angles.
1. For the partner @UniCrossGlobal. It is undoubtedly a great benefit, with only positive effects and no negative effects.
2. Macroscopically, for all project parties. First, it is beneficial to have a basic tool to increase liquidity, at least it solves the liquidity problem that everyone is complaining about (and it is solved from the largest scope). Second, this tool will bring convenience, and convenience is a very important productivity. The core value of Merlin Phantom is to greatly improve the convenience of purchasing a certain asset on the whole chain, which reduces my learning cost.
3. Microscopically, for individual project parties. In addition, Merlin Phantom solves the liquidity problem, but liquidity itself is a double-edged sword. The core is whether your community and project really have demand and user base. Token swaps and full-chain circulation cannot solve the problem of demand itself, so it is indeed necessary for project parties to consider carefully.
4. The special advantage of full-chain liquidity. It may also be a great benefit to some projects.For example, when bitmap became popular, various maps appeared on all chains, including solmap, avaxmap, etc. With the Merlin Phantom tool provided by unicross, when projects like Bitmap become popular in the future, liquidity will no longer be dispersed to copycat projects. The first-released original projects will be able to enjoy the liquidity of the entire chain, which will only have a positive impact on such projects, not a negative one.
So, in general, the advantages outweigh the disadvantages. At the same time, I think the objective law of the financial market is that the better the liquidity, the more people will accept and understand it. Even if some project parties really overestimate themselves and misjudge the possible benefits of this tool, it is nothing more than a quick return to zero. In my opinion, if it is going to return to zero in the end, whether it is 1 day, 10 days or 100 days, returning to zero earlier may allow everyone to die early and be reborn early, and invest in the next project as soon as possible to reduce time loss.
🌟Thank you for your support. If you think the content is good after reading it, you can support the class representative through the following channels. Thank you.
If you like contract trading, you can use the class representative's surf link https://surf.one/trade?referral=8888… to open an order
If you like to save in DeFi, you can use the class representative's solv invitation link to save some money http://app.solv.finance/points/JJFM2U
The following is a personal note, only for sharing, not investment advice, if there are any errors, please correct them.
Discussion on the effect of Merlin Phantom
1. The view of @bardbitmap, the founder of the staff
(There are many rounds of discussion, and the class representative summarizes it from personal understanding, which may not be accurate)
The founder of bitmapwar staff mainly considered this matter from the perspective of the project party. He was worried that after the project party specifically applied the graph currency swap and full chain liquidity, the foundation of the project had not yet matched the liquidity. For the real long-term project, it may not be very useful, and may even have the opposite effect.
2. @JerryOrdinals’s opinion
In general, providing this tool is definitely a benefit to the project parties. Let’s analyze it from multiple angles.
1. For the partner @UniCrossGlobal. It is undoubtedly a great benefit, with only positive effects and no negative effects.
2. Macroscopically, for all project parties. First, it is beneficial to have a basic tool to increase liquidity, at least it solves the liquidity problem that everyone is complaining about (and it is solved from the largest scope). Second, this tool will bring convenience, and convenience is a very important productivity. The core value of Merlin Phantom is to greatly improve the convenience of purchasing a certain asset on the whole chain, which reduces my learning cost.
3. Microscopically, for individual project parties. In addition, Merlin Phantom solves the liquidity problem, but liquidity itself is a double-edged sword. The core is whether your community and project really have demand and user base. Token swaps and full-chain circulation cannot solve the problem of demand itself, so it is indeed necessary for project parties to consider carefully.
4. The special advantage of full-chain liquidity. It may also be a great benefit to some projects.For example, when bitmap became popular, various maps appeared on all chains, including solmap, avaxmap, etc. With the Merlin Phantom tool provided by unicross, when projects like Bitmap become popular in the future, liquidity will no longer be dispersed to copycat projects. The first-released original projects will be able to enjoy the liquidity of the entire chain, which will only have a positive impact on such projects, not a negative one.
So, in general, the advantages outweigh the disadvantages. At the same time, I think the objective law of the financial market is that the better the liquidity, the more people will accept and understand it. Even if some project parties really overestimate themselves and misjudge the possible benefits of this tool, it is nothing more than a quick return to zero. In my opinion, if it is going to return to zero in the end, whether it is 1 day, 10 days or 100 days, returning to zero earlier may allow everyone to die early and be reborn early, and invest in the next project as soon as possible to reduce time loss.
🌟Thank you for your support. If you think the content is good after reading it, you can support the class representative through the following channels. Thank you.
If you like contract trading, you can use the class representative's surf link https://surf.one/trade?referral=8888… to open an order
If you like to save in DeFi, you can use the class representative's solv invitation link to save some money http://app.solv.finance/points/JJFM2U
See original
Merlin's temporary plan for staking and unlocking tokens
The boss attended an English space in the evening and talked about some information about pledge unlocking, coin issuance and Merlin Phantom. The class representative summarized it for everyone, and students who are interested can read it.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. About the dapp ecosystem page
We do have a dApp page, but it's not live yet. We're holding off on that because we want at least the major dApps to be audited by the Merlin Security Council.
For most chains, they would put every dApp in their network on that page, and we can obviously do that, and there are a lot of dApps now. But the thing is, we are delaying the launch of this page until the audit is done, because I think the community in Bitcoin and Ordinals is very different from the users in Ethereum. In Ethereum, users can go to the wrong website, can sign the wrong contract, and lose their funds. Most Ethereum users have lost their funds at some point in time, or even more than once. But in Ordinals, users have never experienced this before. We had a user today who just clicked on a link from a scam Twitter account and lost 0.4 Bitcoin. He is a very close community member, in our group. He didn't know why this happened, and we checked and found out that it was a fake Twitter account, a fake Merlin launcher, and he clicked on it, thinking he was going to participate in the IDO, and ended up losing that money.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
1. About the dapp ecosystem page
We do have a dApp page, but it's not live yet. We're holding off on that because we want at least the major dApps to be audited by the Merlin Security Council.
For most chains, they would put every dApp in their network on that page, and we can obviously do that, and there are a lot of dApps now. But the thing is, we are delaying the launch of this page until the audit is done, because I think the community in Bitcoin and Ordinals is very different from the users in Ethereum. In Ethereum, users can go to the wrong website, can sign the wrong contract, and lose their funds. Most Ethereum users have lost their funds at some point in time, or even more than once. But in Ordinals, users have never experienced this before. We had a user today who just clicked on a link from a scam Twitter account and lost 0.4 Bitcoin. He is a very close community member, in our group. He didn't know why this happened, and we checked and found out that it was a fake Twitter account, a fake Merlin launcher, and he clicked on it, thinking he was going to participate in the IDO, and ended up losing that money.
See original
The previous Bitcoin DA layer competitor has appeared. @BtcPeoples_DA is also a modular DA layer of Bitcoin. It has launched a points activity that is almost free (there is a daily swap). The project is similar to Celestia. Compared with Ethereum, the team is the team of the new version of Merlinscan browser that everyone is using. It is recommended to participate at no cost to see if the team has a pattern.
- Registration link: Web link
- Invitation code: impri
1️⃣ Activity introduction
Link wallet (supports AA and EVM, but EVM is recommended), verify qualifications, and then connect to the social trio (Twitter, TG and DC), followed by daily tasks, basically completing tasks on Merlinscan and social platforms.
2️⃣ Eligibility requirements
The connected wallet address needs to meet one of the following conditions:
1. The Merlin on-chain wallet holds at least 0.01 BTC of Bitcoin assets.
2. The value of Merlin's pledged assets is at least 0.01 BTC.
3. The value of VOYA assets held in the Merlin on-chain wallet, or the sum of the value of VOYA and BTC synthetic assets in VOYA-BTC LP>=0.01 BTC.
3️⃣ Participation method:
Verification qualification:
1. Verify wallet balance (need to meet one of the conditions in Section 2️⃣).
2. Follow People’s DA on Twitter, join the Telegram group and Discord channel.
Daily tasks to earn points:
1. Share a tweet and @People’s DA every day to earn 20 points
2. Swap $10 or more worth of tokens every day to earn 100 points (performed in the merlinscan browser, but currently not online and cannot be completed)
3. Invite friends to participate: Earn 20 points for each successful invitation of a qualified user (the other party needs to complete step 2️⃣)
4. Collect at least one Dapp and one token, and earn 20 points for each collection (one-time task)
4️⃣ Notes:
1. The wallet address used for Merlinscan must be the same as the address for receiving points.
2. You can track total points and successfully invited users
- Registration link: Web link
- Invitation code: impri
1️⃣ Activity introduction
Link wallet (supports AA and EVM, but EVM is recommended), verify qualifications, and then connect to the social trio (Twitter, TG and DC), followed by daily tasks, basically completing tasks on Merlinscan and social platforms.
2️⃣ Eligibility requirements
The connected wallet address needs to meet one of the following conditions:
1. The Merlin on-chain wallet holds at least 0.01 BTC of Bitcoin assets.
2. The value of Merlin's pledged assets is at least 0.01 BTC.
3. The value of VOYA assets held in the Merlin on-chain wallet, or the sum of the value of VOYA and BTC synthetic assets in VOYA-BTC LP>=0.01 BTC.
3️⃣ Participation method:
Verification qualification:
1. Verify wallet balance (need to meet one of the conditions in Section 2️⃣).
2. Follow People’s DA on Twitter, join the Telegram group and Discord channel.
Daily tasks to earn points:
1. Share a tweet and @People’s DA every day to earn 20 points
2. Swap $10 or more worth of tokens every day to earn 100 points (performed in the merlinscan browser, but currently not online and cannot be completed)
3. Invite friends to participate: Earn 20 points for each successful invitation of a qualified user (the other party needs to complete step 2️⃣)
4. Collect at least one Dapp and one token, and earn 20 points for each collection (one-time task)
4️⃣ Notes:
1. The wallet address used for Merlinscan must be the same as the address for receiving points.
2. You can track total points and successfully invited users
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Binance Investment SolvProtocol Gameplay
Last night, I gave you a summary of the joint space of @SolvProtocol and @MerlinSwap, which mainly focused on the new gameplay of solvBTC. Those who want to participate in solv are advised to read it carefully.
1. About the cooperation between solv and merlinswap
1. Background reasons. Normally, we think that the solvBTC thing is essentially distributing all the bonuses of soft and the early unlocked tokens to participants. In fact, it allows everyone to obtain excess returns of solv tokens in a safe situation. This thing has dividends in the short term, because everyone present is the earliest participant. But it is unsustainable in the long run. In the long run, I think everyone's returns are in a reasonable range of 5 to 10 points in a lossless annualized or very low-risk annualized. That is to say, everyone has no early dividends, no points, and no solv tokens, so it should be at this level as a guaranteed return. In essence, its logic is Yu'ebao, which can be deposited and withdrawn at any time, and everyone can also obtain stable returns. This is the vision of our protocol, hoping to build a stable layer that can be deposited and withdrawn at any time. As you know, whether it is staking or arbitrage, these actually require time to unlock the pledge, so it is difficult to withdraw at any time. Generally, mature solutions are actually to borrow and lend, trade platforms, and build a large pool. In this way, in most cases, if a user is anxious to leave, he can sell it immediately. For example, if you want to buy a MEME, the liquidity of this pool will be particularly critical. The liquidity is about 5% discounted, and the liquidity is not very good. People want to sell 10 bitcoins, but they can't sell them. We are also very anxious and hope to solve the liquidity problem so that users can deposit and withdraw at any time.
1. About the cooperation between solv and merlinswap
1. Background reasons. Normally, we think that the solvBTC thing is essentially distributing all the bonuses of soft and the early unlocked tokens to participants. In fact, it allows everyone to obtain excess returns of solv tokens in a safe situation. This thing has dividends in the short term, because everyone present is the earliest participant. But it is unsustainable in the long run. In the long run, I think everyone's returns are in a reasonable range of 5 to 10 points in a lossless annualized or very low-risk annualized. That is to say, everyone has no early dividends, no points, and no solv tokens, so it should be at this level as a guaranteed return. In essence, its logic is Yu'ebao, which can be deposited and withdrawn at any time, and everyone can also obtain stable returns. This is the vision of our protocol, hoping to build a stable layer that can be deposited and withdrawn at any time. As you know, whether it is staking or arbitrage, these actually require time to unlock the pledge, so it is difficult to withdraw at any time. Generally, mature solutions are actually to borrow and lend, trade platforms, and build a large pool. In this way, in most cases, if a user is anxious to leave, he can sell it immediately. For example, if you want to buy a MEME, the liquidity of this pool will be particularly critical. The liquidity is about 5% discounted, and the liquidity is not very good. People want to sell 10 bitcoins, but they can't sell them. We are also very anxious and hope to solve the liquidity problem so that users can deposit and withdraw at any time.
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Merlin Wealth Code
The third space that the boss attended in the evening was a Q&A session about the launch of the @surf_protocol mainnet. However, the boss also revealed some information about 420. I recommend reading it. The surf part will be posted tomorrow.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
Preface: The boss opened a 200u contract long order on surf, and it was liquidated at 69570. I hope to hear good news tomorrow morning.
1. Some strange ideas about surf
I think we can have a liquidation reward. For example, if your liquidation amount exceeds 10,000, you can give him a bonus, a jackpot. Make a set of NFTs, 10,000 Liangxi-style NFTs, and mint an NFT for every 10,000 liquidation.
The following are personal notes for sharing only and do not constitute investment advice. If there are any errors, please correct them.
Preface: The boss opened a 200u contract long order on surf, and it was liquidated at 69570. I hope to hear good news tomorrow morning.
1. Some strange ideas about surf
I think we can have a liquidation reward. For example, if your liquidation amount exceeds 10,000, you can give him a bonus, a jackpot. Make a set of NFTs, 10,000 Liangxi-style NFTs, and mint an NFT for every 10,000 liquidation.
See original
The boss attended 3 spaces in the evening, all about defi dex. Here I will summarize the boss's first and second sessions for everyone, and the third session will be sent out later. The summaries of each project will be sent out tomorrow. The class representative has a slightly high temperature.
The following are personal notes, for sharing only, and do not constitute investment advice. If there are any errors, please correct them.
1. About the arbitrage idea of solvBTC
1. I personally do not recommend recycling. First of all, I definitely would not recommend you to do recycling, because it has wear and tear in the middle, and then you have to calculate whether this wear and tear can be earned back. But solvBTC does have certain advantages over MBTC at the time. Because when MBTC was launched, it was actually the middle and late stages of merlinseal. So in fact, if you go to pledge again, your income may be affected by time and will be less, because it is calculated every day.
2. SolvBTC advantage. That is to say, after you change MBTC to BTC, you will most likely have to wait for three days before you step out. So in fact, the cost of the whole middle is relatively high. I think if solvBTC has good liquidity and a small discount, for example, the current MBTC discount is only a little bit. If the discount is small, it will be more convenient. Because you are on the second layer, after you directly exchange soft BTC for MBTC, you can directly participate in the protocol. There is no time to wear and tear in the middle, so I will roughly explain this matter.
2. About the cooperation between solv and merlinswap
1. Bitcoin ecosystem users are not familiar with defi. I am not a person who plays defi myself. I believe that most of the users of BTC ecosystem ordinals today are definitely not people who play defi. I empathize with the user's thoughts. Because for me, I may take Bitcoin and rush to some new inscription assets without thinking. It is indeed more profitable when the market is good. Including those animal coins at that time, you will find that you can still make a lot of money by selling them immediately after hitting them. The main reason is that I am not very interested in many times, and more often I still don’t spend time to understand. For unfamiliar things, I am more worried in my heart. Just like I opened a contract on the chain for the first time on surf today.At first, I thought, why don't I open a 1,000 dollar position? Then I thought, what if I open a 50x position and get liquidated? Then I changed it to 200 dollars, and it hasn't been liquidated yet. So I think that in many cases, the first thing is to spend time to understand it yourself. The more familiar you are with it, the more comfortable you will be.
2. Start with a small amount of money. I think you can try it with a small amount of money first and learn more. Because I think that in the bull market, the returns on this defi are still relatively large, and its liquidity is relatively good.
3. How to try the defi ecosystem on merlin. In my personal opinion, the first thing I think is that you need to see where the loss or risk of the protocol itself is. The second is to see whether the project itself is reliable, whether it is its technology or product, community capabilities, including its investment background, and the expected return on this coin in the future. I think it is a different thinking habit from when we used to speculate on plain text. So I think it is indeed a relatively new field for me personally.
3. The importance of defi to the second layer of Bitcoin. For merlin, this is very important. Because if Merlin wants to establish a very strong consensus in the second layer of Bitcoin, then the POS mechanism must be decentralized enough, and the staked BTC must be sufficient. In this way, users will feel at ease, because if there is a risk on the chain, at least these nodes will slash BTC to me. Moreover, the security and consensus strength on Merlin will also penetrate into other second layers of Bitcoin or expansion plans, and there will be a lot of cooperation and mapping. As the first chain to be put on the mainnet, Merlin has made the ecosystem itself secure and the consensus strong, which is actually very valuable to the entire industry. This is why Merlin has been promoting this matter recently, and I hope everyone will understand this matter.
The following are personal notes, for sharing only, and do not constitute investment advice. If there are any errors, please correct them.
1. About the arbitrage idea of solvBTC
1. I personally do not recommend recycling. First of all, I definitely would not recommend you to do recycling, because it has wear and tear in the middle, and then you have to calculate whether this wear and tear can be earned back. But solvBTC does have certain advantages over MBTC at the time. Because when MBTC was launched, it was actually the middle and late stages of merlinseal. So in fact, if you go to pledge again, your income may be affected by time and will be less, because it is calculated every day.
2. SolvBTC advantage. That is to say, after you change MBTC to BTC, you will most likely have to wait for three days before you step out. So in fact, the cost of the whole middle is relatively high. I think if solvBTC has good liquidity and a small discount, for example, the current MBTC discount is only a little bit. If the discount is small, it will be more convenient. Because you are on the second layer, after you directly exchange soft BTC for MBTC, you can directly participate in the protocol. There is no time to wear and tear in the middle, so I will roughly explain this matter.
2. About the cooperation between solv and merlinswap
1. Bitcoin ecosystem users are not familiar with defi. I am not a person who plays defi myself. I believe that most of the users of BTC ecosystem ordinals today are definitely not people who play defi. I empathize with the user's thoughts. Because for me, I may take Bitcoin and rush to some new inscription assets without thinking. It is indeed more profitable when the market is good. Including those animal coins at that time, you will find that you can still make a lot of money by selling them immediately after hitting them. The main reason is that I am not very interested in many times, and more often I still don’t spend time to understand. For unfamiliar things, I am more worried in my heart. Just like I opened a contract on the chain for the first time on surf today.At first, I thought, why don't I open a 1,000 dollar position? Then I thought, what if I open a 50x position and get liquidated? Then I changed it to 200 dollars, and it hasn't been liquidated yet. So I think that in many cases, the first thing is to spend time to understand it yourself. The more familiar you are with it, the more comfortable you will be.
2. Start with a small amount of money. I think you can try it with a small amount of money first and learn more. Because I think that in the bull market, the returns on this defi are still relatively large, and its liquidity is relatively good.
3. How to try the defi ecosystem on merlin. In my personal opinion, the first thing I think is that you need to see where the loss or risk of the protocol itself is. The second is to see whether the project itself is reliable, whether it is its technology or product, community capabilities, including its investment background, and the expected return on this coin in the future. I think it is a different thinking habit from when we used to speculate on plain text. So I think it is indeed a relatively new field for me personally.
3. The importance of defi to the second layer of Bitcoin. For merlin, this is very important. Because if Merlin wants to establish a very strong consensus in the second layer of Bitcoin, then the POS mechanism must be decentralized enough, and the staked BTC must be sufficient. In this way, users will feel at ease, because if there is a risk on the chain, at least these nodes will slash BTC to me. Moreover, the security and consensus strength on Merlin will also penetrate into other second layers of Bitcoin or expansion plans, and there will be a lot of cooperation and mapping. As the first chain to be put on the mainnet, Merlin has made the ecosystem itself secure and the consensus strong, which is actually very valuable to the entire industry. This is why Merlin has been promoting this matter recently, and I hope everyone will understand this matter.
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Binance's latest incubator project, surf, is a decentralized contract track. It may be transparent and non-interference, and you can also earn points. Contract experts should try it.
Now there is no gas fee and low transaction fees.
Participation link: https://www.surf.one/trade?referral=8888
Those who use the link to open an order can join the core welfare group.
Binance's latest incubator project, surf, is a decentralized contract track. It may be transparent and non-interference, and you can also earn points. Contract experts should try it.
Now there is no gas fee and low transaction fees.
Participation link: https://www.surf.one/trade?referral=8888
Those who use the link to open an order can join the core welfare group.
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