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Merlin Chain releases BRC-20 de-staking guide

Merlin Chain releases BRC-20 de-staking guide

Cointime2024/04/26 11:13
By: Cointime
MERL+6.56%SATS-4.94%ORDI-5.05%

Merlin Chain has released a BRC-20 asset unstaking guide on the X platform: If you have not previously claimed M-Token (BRC-20), you can directly unstake BRC-20 to the L1 network. After paying the handling fee, the BRC-20 token will arrive in your L1BTC wallet within 3 days. You can also choose to unstake BRC-20 to your L2 wallet without paying a handling fee, and the token will arrive at your L2 wallet address in about 24 hours. You can use the official bridge (now open) to transfer it back to the L1 network. If you have previously claimed M-Token, you can exchange M-BRC20 for BRC20 at a 1:1 ratio (for example, M-ORDI for ORDI), and then continue trading or bridging back to the L1 network, ensuring that there is enough gas fee in the L2 wallet. Please note that Merlin's AA wallet is currently very congested, so please exchange during non-peak hours. OKX has supported ORD/SATS recharge, and after obtaining ORD/SATS (not M-ORDI and M-SATS), you can deposit it into the exchange. When most of the BTC and BRC-20 are unstaked and the network is stable, NFT unstaking will be supported, and the bridging function is still under testing.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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