Merlin is an audited high yield maximizer on the Binance Smart Chain (BSC). This project was launched to address some of the challenges that cryptocurrency investors tend to come across when they invest or stake their crypto assets.
Besides, the entire Decentralized Finance (DeFi) bubble needs to be maximized in terms of creating a solid system for bolstering farming projects on decentralized cryptocurrency trading platforms.
Merlin is the project that wants to set the pace in terms of automating the compounding of crypto assets.
As a DeFi enthusiast, you want to read on to find out how this project can help you.
Earn more Cryptocurrencies
The idea of cryptocurrencies is to create a decentralized system of transaction that will be transparent. Now, we are looking at more income opportunities, especially with the Decentralized Finance (DeFi) boom.
While there is an existing model for earning more cryptocurrencies called Staking, more inputs need to be made. That is why Merlin introduced a viable staking system that allows the holders of the Merlin token $MERL to earn more cryptocurrencies.
The method of qualification to stake in the Merlin pool is to hold a specific quantity of the Merlin token ($MERL).
After that, you would be required to stake your $MERL token in any of the available pools, such as:
- CAKE
- BTCB
- ETH
- BNB
The Merlin Yield Aggregator
This is the primary method of increasing your fortunes in cryptocurrencies. The Merlin Yield Aggregator is a yield farming ecosystem that helps you to auto-compound your crypto assets.
HOW IT WORKS
In this part of the article, I will explain how the Merlin Yield Aggregator and Auto-Compounding mechanism works.
The first point to note is that Merlin wants to take of the entire compounding process for you. This is because of the inefficient process and time-consuming process it takes for you to handle everything from start to finish. To that end, Merlin has automated the yield farming process.
The second point is that the Merlin smart contract takes care of all the automations, starting from the staking of crypto assets to the auto-compounding feature.
WHY COMPOUND INTEREST IS IMPORTANT IN DEFI
The DeFi trend has created more millionaires in the cryptocurrency ecosystem. These are usually the Whales who have lots of funds at their disposal to trade and invest in crypto assets.
However, the same cannot be said of many other cryptocurrency enthusiasts who are working with limited funds.
It is for the latter category that the auto-compounding feature of Merlin is targeted for. The idea is to help the low-income cryptocurrency investors to keep maximizing their yields instead of taking profits from the little earnings they have.
Over time, the compounding or reinvestment of the capital and interest will grow their crypto assets in a couple of years.
As a cryptocurrency investor looking to grow your income, the Merlin auto-compounding mechanics are here to help you.
FINAL WORDS
Merlin has a target market that is hungry for the compounded wealth dynamics that it introduces to the Decentralized Finance (DeFi) market.
It is time you seize this opportunity to put your crypto assets to work for long-term and reap the huge returns that come with that.
Merlin important links:
Telegram Announcement: https://t.me/merlinannouncements
Telegram Community: https://t.me/merlinlab
Telegram Bounty Rewards Group: https://t.me/merlinbounty
Twitter: https://twitter.com/Merlinlab
Reddit: https://reddit.com/r/MerlinLab
Medium: https://merlinlab.medium.com/
Website: https://www.merlinlab.com
Telegram Username: @Heroalt