Bitcoin ecosystem rising star Merlin founder Jeff: Persist in exploring BTCFi, looking forward to reshaping BTC value

Recently, Bitcoin reached a new high of 120,000 USD, but the Bitcoin ecosystem seems a bit quiet. As a pioneer in BTCFi, Merlin continues to hold the line. Its founder, Jeff, recently gave an interview, sharing his views on the development of BTCFi and Merlin's future plans.

How Merlin "Reconstructs BTC"

Jeff stated that Merlin's earliest exploration of BTCFi was based on the market's demand for the yield-generating properties of Bitcoin at that time. Although controversial, Merlin's technical solution has been proven to be pragmatically safe through practice, providing valuable experience for the subsequent BTCFi protocol.

Currently, BTCFi has stabilized in terms of product form and technology, but the biggest bottleneck it faces is the yield and BTC capacity. Jeff believes that airdrops are only short-term catalysts; in the long run, it is essential to provide users with stable sources of income. Merlin's Bitcoin staking returns primarily come from multi-chain liquidity provision, trading arbitrage, and providing AVS services for new projects.

For retail investors participating in BTCFi, Merlin focuses on three aspects: hold, earn, and invest. Especially in the invest aspect, Merlin utilizes chain abstraction technology and AI to help users participate in various chain investment opportunities using only BTC.

Bitcoin Holder's Crypto Trading Entrance: Merlin Wizard

Merlin's AI assistant Wizard mainly provides two major functions: trading decision support and trade execution. Jeff believes that the future of cryptocurrency trading entry will evolve into an AI agent model, and Merlin is working hard to be a practitioner of this trend.

In addition, Merlin plans to launch a new project in early August to bring RWA into the BTC ecosystem, allowing BTC to have more utility.

The Development History and Thoughts of Merlin

Facing the overall decline of the Bitcoin ecosystem, Jeff admitted that the team feels a sense of gap, but believes that "crossing the cycle" is an important topic. He stated that Merlin, as a public chain, must seize market trends, but more importantly, it is to uphold and convey the values that users truly care about.

Jeff revealed that the pressure was the greatest during the listing period on Merlin, but the belief in the Bitcoin ecosystem has supported the team to persist until now. He hopes that more developers and users can truly participate in the construction of Web3, rather than just engaging in short-term speculation.