Merlin Chain Airdrops and Swap Rewards

DeFi ecosystems and products are fraught with innovation as more and more projects are bringing the existing blockchain solutions further and higher. Developers are trying to solve several problems to make Web3 a better place for building as well as improve user experience.

One of the rapidly growing projects is the main focus of this review - Merlin Chain network which was recently integrated by Symbiosis. On the path to drive and foster the adoption of unleashed Bitcoin's Potential, Merlin ecosystem members forge several reward campaigns that are occurring this spring. 

All of them explained and reviewed - in our new article. Don’t forget to bookmark it to return back to the guides!

Merlin Chain 101 - What Is It?

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