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Merlin chain swap and airdrop rewards guide
Bridging BTC to Merlin Chain doesn't have to be confusing. We'll walk through which swaps counted toward the 2024 Merlin reward campaigns, how to track txns in the explorer, and how Symbiosis routes worked for airdrop eligibility back then.
Updates
Numbers
Proven performance
TL;DR
Key takeaways
Merlin Chain is a BTC Layer 2 using ZK-Rollups to bring fraud proofs and cheap transactions to the Bitcoin ecosystem.
Symbiosis integrated Merlin Chain mainnet in Q1 2024 for any-to-any on-chain and cross-chain swaps to and from the network.
The DeFi Early Adopters campaign ran April 11 to May 11, 2024 via Intract, rewarding cross-chain and on-chain swaps with M-Points and a Rubic NFT allocation (campaign has ended).
MerlinSwap trading campaigns distributed a 210M esMP token reward pool to participants across recurring epochs in 2024.
Supported routes via Symbiosis WebApp include ETH to Merlin BTC, VOYA to BTC, and USDC into BTC on Merlin Chain.
5 minute reading
Updates
Merlin Chain's Bitcoin Layer 2 design
Merlin Chain is a native Layer 2 solution engineered to empower existing Bitcoin Layer 1 assets and protocols. With an integration of the ZK-Rollup network, Merlin Chain brings additional improvements to the native Bitcoin ecosystem: zero-knowledge and fraud proofs submitted to Bitcoin, economical efficiency to make Bitcoin fun again
Merlin Chain is designed to unlock Bitcoin's full potential by creating an interoperable, scalable, and robust ecosystem. With its mainnet launched recently, Merlin Chain promises to bring about innovation that goes beyond just fast and cheap transactions.
When we talk about the Merlin Chain ecosystem, we can interact with a wide range of Dapps that bring numerous use cases to the community: from various developer tools to staking, DeFi protocols and traditional services of swaps and bridges. What’s interesting is that some of them recently confirmed airdrops and reward campaigns.
Here’s everything you may need to know about them.
Merlin Chain ecosystem campaigns
Just a reminder to our readers: none of these descriptions should be perceived as financial advice. Always do the check on the internet and research.
Let’s see what’s going on in the Merlin Chain ecosystem!
Merlin DeFi early adopters
Hosts
Merlin Chain and Rubic with Symbiosis - Merlin Chain Swaps and Bridge. Including other Dapps (see the full list here)
When?
From April 11th to May 11th 2024
What’s the Pool Prize?
A big bonanza is occurring - users are invited to interact with the first DeFi projects on Merlin Chain.
As a part of the adoption campaign, participants perform on-chain and cross-chain activities to earn M-Points that will be applied to the reward distribution.
Additionally, the NFT from Rubic’s collection will be allocated to the user’s wallets.
Two types of rewards - seems like a double win!
How To Participate?
The rules are simple - you need to connect your wallet at the official website of the DeFi Early Adopters campaign at Intract (here’s the link). The requirements are the following:
Perform one cross-chain swap from any supported network to Merlin Chain at Symbiosis WebApp
Perform one on-chain swap on Merlin Chain via Symbiosis
Follow Symbiosis on YouTube
That would be it! One wallet is eligible for the tasks, and there are no minimum limits for the equivalent of the swap.
Merlin Chain campaign at Galxe
Hosts
Merlin Chain via Galxe - Social Campaign
When?
From March 21st to April 21st 2024
What’s the Pool Prize?
As the first official campaign from Merlin Chain at Galxe, the journey to the rewards continues. Users are able to claim the point rewards that will be allocated to eligible participants and will contribute to the upcoming Merlin Chain Reward campaigns later.
In total, you can claim more than 340 Merlin Chain points.
How To Participate?
The main tasks are off-chain and are focused on community engagement. This is a great opportunity to those who hesitate to interact with the funds. The requirements include the exploration of Merlin Chain documentation, explorer and other resources with a social interaction (X/Twitter Quote Tweets, comments, etc.). All of them are located at the official Galxe page.
Campaigns from MerlinSwap
Hosts
MerlinSwap - a DEX on MerlinChain for Merlin and Bitcoin Ecosystem
When?
Occur frequently (latest - April 7th April 21st 2024)
What’s the Pool Prize?
MerlinSwap invites enthusiasts to boost the Merlin and Bitcoin ecosystem and participate in the trading campaigns. According to the MerlinSwap information, 210 million token reward pool in forms of esMP will be allocated to participants at the specific epoch.
How To Participate?
The main task includes the trading which unlocks extra rewards earnings. For more information and the requirements to participate you may check the official page of MerlinSwap Trading right here.
Always note that trading involves risks and should be carried out after a deep research. Neither we nor any other team can give financial advice. Safety of Symbiotes is the priority!
Merlin Chain airdrop with Bybit
Hosts:
Merlin Chain and Bybit (outside of Symbiosis ecosystem)
When?
Already Occurred (From 18th March to 10th April 2024)
What was the Pool Prize?
Merlin Chain collaborated with Bybit - a Centralized Exchange - to incentivize the launch of a new network tool called Merlin Seal. The prize pool for the airdrop was confirmed to be up to 100,000 MERL tokens. Even though the campaign has already finished, there is possibility of new and upcoming airdrops.
How To Participate?
Users needed to visit the official website of the Merlin Chain Airdrop campaign and complete the required tasks: to stake Bitcoin on Merlin's Seal and the social task.
Merlin Chain swaps and bridge
Passion for the open and fruitful DeFi is what drives the progress and the continuous growth. In the first quarter of 2024 Symbiosis integrated Merlin Chain mainnet for on-chain and cross-chain swaps to enable the best rates and most requested routes to transfer assets to Merlin Chain in an “any-to-any” scheme.
The best destination to swap and bridge assets to Merlin Chain would be Symbiosis WebApp. Good news: such pairs as ETH - Merlin BTC, VOYA - BTC and USDC from integrated networks to Bitcoin on Merlin Chain are supported. Check out the available assets, we made sure to add your favorite token on Merlin
In DeFi and Octopus We Trust
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Updates
FAQs
Got questions?
Still have questions? Contact us and we’ll help you out.
01
What is Merlin Chain?
Merlin Chain is a native Layer 2 solution for Bitcoin that integrates a ZK-Rollup network. It submits zero-knowledge and fraud proofs to Bitcoin and aims to unlock BTC's potential with an interoperable, scalable ecosystem.
02
How do I bridge assets to Merlin Chain?
Symbiosis integrated Merlin Chain mainnet in Q1 2024 for on-chain and cross-chain swaps in an any-to-any scheme. The Symbiosis WebApp is the recommended destination to swap and bridge assets to Merlin Chain.
03
Which swap pairs are supported on Merlin Chain?
Symbiosis supports pairs such as ETH to Merlin BTC, VOYA to BTC, and USDC from integrated networks to Bitcoin on Merlin Chain. The full list of available assets is published in the Symbiosis WebApp.
04
How did the Merlin DeFi Early Adopters campaign work?
During the 2024 campaign, participants connected a wallet at the Intract page, performed one cross-chain swap from any supported network to Merlin Chain via the Symbiosis WebApp, completed one on-chain swap on Merlin Chain via Symbiosis, and followed Symbiosis on YouTube. The campaign has since ended.
05
Was there a minimum swap size to qualify for M-Points?
No. The Merlin DeFi Early Adopters campaign required one wallet per participant and set no minimum swap size. Both cross-chain and on-chain swap tasks had to be completed via Symbiosis. The campaign ran in 2024 and has ended.
06
When did the Merlin DeFi Early Adopters campaign run?
The DeFi Early Adopters campaign ran from April 11th to May 11th, 2024. Participants earned M-Points applied to reward distribution, plus an NFT allocation from Rubic's collection sent to qualifying wallets.
07
What rewards did the Bybit Merlin Chain airdrop offer?
Merlin Chain partnered with Bybit, a centralized exchange, to launch the Merlin Seal campaign. The confirmed prize pool was up to 100,000 MERL tokens, and the campaign ran from March 18 to April 10, 2024. It has since concluded.
08
What is MerlinSwap and what rewards does it offer?
MerlinSwap is a DEX on Merlin Chain for the Merlin and Bitcoin ecosystem. In 2024 it ran trading campaigns with a 210 million esMP token reward pool allocated to participants across recurring epochs. Check MerlinSwap directly for any current programs.
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