Merlin Chain has opened BTC unstaking, and will soon open BRC-20 and NFT unstaking

PANews reported on April 25 that Bitmap Tech, the parent company of Bitcoin Layer2 expansion solution Merlin Chain, announced on the X platform that Merlin Chain has opened the BTC staking release. 1. If the user has not claimed M-BTC before, BTC can be directly transferred back to the first layer. After paying the gas fee, BTC will arrive at the BTC wallet of Layer1 in 3 days, or BTC can be transferred back to its Layer2 wallet without paying gas. It will arrive at the Layer2 wallet address in about 24 hours. If the user has claimed M-BTC before, now M-BTC can be exchanged for BTC at a 1:1 ratio, and then the transaction can be continued or the cross-chain bridge can be used to transfer back to Layer1. The user needs to have sufficient gas in the wallet to complete this operation. Please note that Merlin's AA wallet is too crowded now, please perform the exchange during non-peak hours.

In addition, some dApps require M-BTC to participate, and BTC cannot be reversely exchanged to M-BTC for the time being, so users can consider keeping M-BTC for a while. The 1:1 swap of M-BTC to BTC will exist for a long time. When most of the BTC unstaking is processed, Merlin Chain will then start the BRC-20 unstaking. Then the NFT unstaking will begin. If users want to sell NFTs quickly, they can trade them on NFT markets such as Unicross, where the transaction volume exceeded $50,000 in the past 12 hours. Merlin said: "The unstaking of Merlin assets is being carried out effectively and safely. Please be patient and pay attention to the gas on the 1/2 layer chain."