Merlin: Auto-compound & Earn BTCB, ETH, BNB & extra MERL

Luu Macin
5 min readJun 14, 2021

Merlin

Introduce

Hello everyone to my artilce !!!

Currently, there are many popular platforms that support users to create their own posts, but through this I would like to share with everyone a new platform. It has interesting features that I will share with everyone the following information regarding this platform.

You probably already know that Blockchain technology is the future technology of the world, the fact that Blockchain helps solve all problems in life and its meaning must be known by everyone. Because of this project developed and applied with Blockchain technology, a technology of the future is very attractive to those who are interested in this technology.

There are a lot of individual writing platforms and you might have to pay to use it, I know this project as a great thing that I feel from using other platforms and interest. to Blockchain technology.

About

Merlin is an auto-compounding yield aggregator with an ecosystem optimized to focus on safe and sustainable maximum yield return. Merlin takes care of gas costs, APY tracking, optimal yield strategies, security with the goal of maximizing DeFi users’ yield farming at the lowest possible cost (All APY & APRs displayed are inclusive of fees).

Merlin DeFi is building a suite of products to bring DEFI and blockchain to the masses. If you get excited by the thought of joining a highly experienced, fast-paced global team and get excited about building the future, this role may be the one for you. DeFi has established itself as the top sector for high value tokens. With DeFi tokens outperforming BTC in 2020, the ecosystem is quickly turning towards popular protocol tokens as a means of value capture for DeFi’s growth. On this page, Merlin take a look at the top DeFi tokens and examine their role within each ecosystem.

Security

With an AMM platform that operates on a smart contract mechanism like Merlin, security is the first and most important factor because it directly affects users’ assets — especially after many attacks on Binance Smart. Chain took place in a row in the past May. Therefore, Merlin has paid a lot of attention to the security of his project, performing not only 1, but 3 times of smart contract audits performed by reputable units in the blockchain field. The first audit conducted by Hacken Security certified Merlin as “good security”. The next two audits by Certik and Haechi Labs are currently underway. Next, the project is discussing to buy insurance with Soteria. Once done, Merlin users will be able to purchase insurance against smart contracts being hacked or platforms compromised.

Finally, the combined use of Alpha Homora’s LP pricing and oracle data from Chainlink will ensure that the price of LP tokens on Merlin will be completely impervious to manipulation, preventing the risk of flash loan attacks . Not stopping there, the project has decided to minimize the ability of external smart contracts to interact with Merlin, further reducing the risk of flash loan attacks by bad actors.

Tokenomics of the MERL

Token Name: Merlin
Ticker: MERL
Token Standard: BEP20 — Binance Smart Chain
Smart contract address: 0xda360309c59cb8c434b28a91b823344a96444278
Total Supply: Unlimited, can be changed later. The MERL will be issued based on the amount of BNB available on the platform.
Uses of tokens

Staking: Staking MERL into supported vaults to get BTCB, ETH, BNB, CAKE and other valuable tokens.

Administration

Join the MERL lottery (coming soon)

Get rewards from cross-chain vaults (coming soon)

Merlin will implement many deflationary mechanisms to create upward momentum for MERL:

Coin Burn: 50% of the burned amount will be used to buy back MERL in the market to stabilize the price in times of market volatility.
Lottery: 50% of the burned amount will be used to redeem MERL as a lottery reward. 20% bonus funds will then be burned.

Merlin Ecosystem

The Merlin ecosystem begins with the Vaults. As users stake in the Merlin vaults, our algorithm optimized auto-compounding mechanism will compound users’ assets for maximum return The vaults rewards will be in the form of LP rewards and $MERL. The $MERL portion of the reward is generated by the Boosted Yield Convertor Boosted Yield Convertor maximizes user’s profits by converting 30% of their auto-compounding vault rewards with $MERL tokens, which will maximize users’ yield:

As the $MERL token appreciates, the users’ yield in turn increases
User can further stake their $MERL rewards to farm BTCB, ETH, BNB, CAKE rewards & more at high APYs

The collected Boosted Yield Convertor will be converted into BNBs and redistributed as MERL pool rewards at $MERL LP Treasury . For every 1 BNB converted through the Boosted Yield Convertor, 25 $MERL are minted (This is our launch emission rate, it will be decreased overtime to balance $MERL supply). Every 100 $MERL minted, 13 $MERL will be used to expand the Merlin product suites and global marketing activities

Roadmap

Q1 2021:
Complete DeFi model formation
Complete Risk assessment model formation
Complete strategic round raising
Additional core developers hires
Brand identity
UI/UX design of the Merlin website

Q2 2021:
Run prelaunch marketing activities such as Airdrop campaign and ambassador campaigns
Complete development of Merlin smart contracts
Complete development of Zap feature
Deploy testnet for prelaunch checks
Engage with audit firm — Hacken Cybersecurity
Engage with audit firms — Certik and Haechi [Audit in progress]
Complete audit with Hacken Cybersecurity
Complete audit with Certik and Peckshield
Deploy and amplify marketing activities
Launch Merlin Bounty Rewards Program
Engage with CEX’s for listing
Complete public presale on Bounce
Launch mainnet
Enable more wallet integration (TrustWallet, MathWallet, Binance Chain Wallet, WalletConnect)
Launch multi-language website
Finalise UI/UX for Lottery
Launch new single-asset deposit vaults (enable auto-compounding for ETH, BTCB, BNB)
Add Merlin pools with more key token rewards
Add more auto-compounding LP

Q3 2021:
Launch additional deflationary mechanics, begin burn contribution
Complete development of lottery
Launch lottery
Open buyback and burn reserve
Cross-chain
Complete CEX listing process and prep for CEX listings
Ongoing marketing and PR work to raise awareness
Additional product releases

Conclusion

In my opinion, the commonly used blockchain technology is a great thing. As soon as we are able to do the job of creating compelling content, I believe that this project will provide a future that will give users more choices as well as receiving news and different content.

#MERL #Defi #BSC

And here are some helpful links for you to learn more about Merlin:

Website: https://www.juiice.io/
Medium: https://merlinlab.medium.com/
Twitter: https://twitter.com/MerlinLab_
Telegram: https://t.me/merlinlab

Author~ Luu Macin

BSC address: 0x60e3dad009e5b49d29c2741f335d7b9497ec253d

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Luu Macin

I like cryptocurrency. My love for it is the same as my love for my loved ones! ❤