Merlin Chain is about to undergo PoS upgrade, and the second phase of Prestage staking activity will start today, with an APR of up to 50%

BlockBeats News: On February 17th, Merlin Chain announced that the second phase of its Prestage staking event will officially begin at 14:00 GMT today to celebrate the upcoming PoS network upgrade. The pledge limit for this stage has been raised to 20 million MERLs, with an annualized yield of up to 50%. It is worth mentioning that, After the PoS mainnet upgrade, it will support BTC/MBTC staking and governance participation. In the previous stage of the pledge activity, the first 10 million MERL quotas were all locked in just 26 minutes, during which CEX had a net outflow of over 17 million MERLs, fully demonstrating the strong participation enthusiasm of users. In addition, The PoS upgrade will further expand the number of network validators, which is beneficial for further improving the decentralization and security of Merlin Chain.