Enable MERL/WBNB (0.25% fee tier) V3 gauge on BNB Chain

Gauges
1

Overview

  • Proposal seeks to enable MERL/WBNB (0.25% fee tier) V3 gauge on BNB chain

Background

  • MERL, a utility token of Merlin Chain, the leading Bitcoin Layer 2, for staking, governance, gas, and collator delegation.
  • Launched on April 19th, 2024. MERL is listed on OKX, Bybit and multiple top-tier CEXs.
  • With over $9.7B in CEX trading volume since launch, our goal is to expand accessibility on BNB Chain. MERL has the intention and potential to drive volume and fees to PancakeSwap.

Details

  1. Boost Multiplier and Emission Cap %: 1.00x boost multiplier, 0.5% emission cap
  2. Audits: Github | Merlin Audits (Chain and Bridge)
  3. Token Utility:
  • $MERL, Merlin Chain’s native token, plays a fundamental role in the governance, security and overall ecosystem development of Merlin Chain.
  • Governance: $MERL token holders have the power to shape Merlin Chain’s future through voting on key proposals.
  • Staking: $MERL can be staked to bolster the security of Merlin Chain, ensuring operational integrity and reliable performance.
  • Network Fees: MERL can be used to pay for transaction fees on prospective Layer3 networks on top of Merlin Chain.
  • Collator Delegation: $MERL token holders can actively participate in the network’s operations by delegating their holdings to collators or by staking $MERL to run their own collators.
  • Native Liquidity & Collateral: $MERL can be utilized as native liquidity and collateral within the Merlin ecosystem, enabling smooth transactions and supporting lending mechanisms.
  1. Volatility: N/A, Not a pegged token.
  2. Oracles: No
  3. Control: DelayedERC1967Proxy | Address 0x126BD96f4a7A3009faD1488417d11E475366509f | BscScan
    Multisig: 2 out of 3
  4. Merit: With over 2.6M active addresses, MERL is bringing Bitcoin and the Bitcoin ecosystem users to PancakeSwap and BNB Chain.
  5. Vault Strategy (for Position Managers only): N/A

Links

  1. Token address: MERL (MERL) Token Tracker | BscScan
  2. Liquidity pool address: PancakeV3Pool | Address 0xeeB2E4b905CBeC6fBdA607527E969c78D0AE4Ead | BscScan
  3. Position manager vault address (if applicable): No
  4. Website: https://merlinchain.io/
  5. Socials: https://x.com/MerlinLayer2/status/1901966378451730893
  6. Documentation: About Merlin | MerlinChain - Docs
  7. Github: Merlin Layer2 · GitHub
  8. Any other relevant links: NA
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Thank you for your application. The Kitchen has enabled the MERL/WBNB (0.25% fee tier) V3 gauge on BNB Chain with 1x boost multiplier and 0.5% emissions cap.

1 Like