unstaking

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

ChainCatcher news, Bitmap Tech, the parent company of the Bitcoin Layer2 scaling solution Merlin Chain, announced on platform X that Merlin Chain has opened the option to unstake BTC. 1. If users have not previously claimed M-BTC, they can directly cross back BTC to Layer 1. After paying the gas fee, BTC will arrive at the Layer 1 BTC wallet in 3 days, or they can cross back BTC to their Layer 2 wallet without paying gas, which will take about 24 hours to reach the Layer 2 wallet address. If users have previously claimed M-BTC, they can now swap M-BTC for BTC at a 1:1 ratio, and then continue trading or use a cross-chain bridge to return to Layer 1. Users need to have sufficient gas in their wallets to complete this operation. Please note that the Merlin AA wallet is currently very congested, so please perform the swap during non-peak hours.In addition, some dApps require M-BTC to participate, and temporarily BTC cannot be swapped back to M-BTC, so users may consider keeping M-BTC for a while. The 1:1 swap of M-BTC to BTC will exist long-term. Once the majority of the BTC unstaking is processed, Merlin Chain will subsequently open the unstaking for BRC-20. Then, the unstaking for NFTs will follow. If users wish to quickly sell NFTs, they can trade on NFT markets like Unicross, where the trading volume has exceeded $50,000 in the past 12 hours. Merlin stated: "The unstaking of Merlin assets is proceeding effectively and safely. Please be patient and pay attention to the gas on Layer 1/2 chains."
2024-04-25
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