PANews reported on February 17 that Merlin Chain announced that to celebrate the upcoming PoS network upgrade, the second phase of its Prestage staking event will officially start today at 14:00 GMT.
The upper limit of staking in this phase is increased to 20 million MERL, with an annualized rate of return of up to 50%. It is worth mentioning that after the PoS mainnet is upgraded, it will support staking and governance participation of BTC/MBTC.
In the previous stage of staking activities, the first batch of 10 million MERL quotas were all locked in just 26 minutes. During this period, the net outflow of CEX exceeded 17 million MERL, fully demonstrating the strong enthusiasm of users to participate.
In addition, the PoS upgrade will further expand the number of network validators, which will help further enhance the decentralization and security of Merlin Chain.
