Merlin(MERL) & Solve(SOLV) Reveal BTCfi Ecosystem Growth Plan – AMA with Korean Community on BNB Chain Twitter Space

# BNB Chain Hosts AMA with Merlin and Solv Protocol to Explore BTCfi Ecosystem Growth in Korea The Bitcoin (BTC)-based decentralized finance (DeFi) ecosystem, also known as BTCfi, is rapidly expanding. In light of this, BNB Chain organized an "Ask Me Anything" (AMA) session on April 22 via Twitter Spaces in partnership with Merlin Chain ($MERL) and Solv Protocol (SOLV), specifically targeting the South Korean community. The objective was to discuss BTCfi's current landscape and its future trajectory, along with in-depth expansion strategies within the BNB Chain ecosystem. Coordinated by BNB Chain and moderated by CoinGatiInvestment, the AMA featured leading BTCfi projects Merlin and Solv Protocol. They presented key updates, visions, and strategic plans. The event, coinciding with Bitcoin's price exceeding the $90,000 mark, drew substantial attention from the South Korean crypto community. # Merlin Chain Highlights Cross-Chain Bitcoin Liquidity Strategy Jeff, the founder of Merlin Chain, stated, "Merlin aims to link and expand Bitcoin liquidity across multiple chains. Our mBTC tokens are currently deployed on 19 chains, with recent launches expanding activity on BNB Chain." He also highlighted a successful three-week trading campaign with PancakeSwap (CAKE) involving approximately 5,000 wallets, generating $7 million in trading volume, thus bolstering active engagement on BNB Chain. Merlin focuses on strengthening its presence within BNB Chain through various strategies, such as offering BTC-based yield products, utilizing cross-chain DeFi capabilities, and distributing governance tokens like MERL across multiple chains. Additionally, the platform is building partnerships, such as its collaboration with the Telegram-based DeFi platform 'TAC,' which offers annual percentage rates (APRs) exceeding 14%, thereby expanding opportunities for Bitcoin liquidity utilization. # Solv Protocol Showcases Institutional NFT Strategy Solv Protocol showcased its focus on NFTs and institutional financial strategies. Catherine, Head of Business Development at Solv, said, “Solv is currently deployed across 17 chains, working closely with various DeFi protocols within each ecosystem.” She also revealed plans for the project's latest Community NFTs, which aim to offer rewards such as staking boosts, priority access to partner airdrops, and ecosystem engagement incentives. Looking ahead, Solv is developing solutions to drive institutional participation within the BTCfi ecosystem. These include real-world asset (RWA)-based investment strategies and Bitcoin-collateralized lending services. “Real-asset-based revenue models are crucial for bringing the expected $1 trillion-scale BTC market on-chain,” Catherine noted, adding that Solv is actively engaging with sovereign wealth funds in the Middle East to advance these initiatives. # BNB Chain Eyes Ongoing Expansion of BTCfi Ecosystem BNB Chain reaffirmed its dedication to supporting and nurturing the BTCfi ecosystem. A representative stated, "The BTCfi ecosystem is at a pivotal growth stage, with projects like Merlin and Solv leading the way. We plan to maintain continuous engagement with the South Korean community moving forward." BNB Chain also aims to enhance liquidity and create innovative DeFi opportunities for ecosystem users by continuing collaborations with various BTCfi projects in the future.