Solv x Merlin Onchain Summer — Earn MERL Tokens and Solv Points

Solv Protocol Team
2 min readJun 12, 2024

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TLDR:

  • Join the Merlin Onchain Summer with Solv to earn a share of 3,000,000 MERL tokens and 10 million Solv Points.

https://app.galxe.com/quest/SolvProtocol/GCoZJtdVBJ

Background

Solv Protocol has been a key player in developing the Merlin Chain ecosystem, launching our flagship product, SolvBTC, the liquid yield token for Bitcoin.

Since then, over 40,000 users on the Merlin Chain have engaged with our points system, with more than 17,000 Bitcoin staked on Solv. SolvBTC is now integrated into more than six protocols on the Merlin Chain, paving the way for a thriving BTCFi ecosystem.

To celebrate these milestones, Solv is participating in the Merlin Onchain Summer to reward the active community members of the Merlin Ecosystem!

Merlin Onchain Summer

Merlin Onchain Summer is designed to reward community members of the Merlin ecosystem. This incentive program features a massive prize pool of 3,000,000 MERL tokens and 10 million Solv Points.

How to Participate

Solv has partnered with Galxe to distribute the prize pool for this campaign. Participants can earn up to 2 OATs, each enabling them to claim a share of the 3,000,000 MERL tokens and 10 million Solv Points.

Rewards will be distributed equally among all participants based on the number of OATs minted.

Incentive: 3,000,000 MERL tokens and 10 million Solv Points.

Duration: 2024/06/12 00:00–2024/07/03 00:00 GMT+08:00

OAT 1 Tasks:

  1. Follow @SolvProtocol on Twitter.
  2. Join the community Discord.
  3. Join @Solv_Protocol on Telegram.
  4. Deposit at least 0.0005 M-BTC into SolvBTC on Merlin Chain.

OAT 2 Tasks:

  1. Follow @SolvProtocol on Twitter.
  2. Join the community Discord.
  3. Join @Solv_Protocol on Telegram.
  4. Stake at least 0.0005 SolvBTC into the SolvBTC Ethena Vault on Merlin Chain.

Let’s bring BTCFi to the Merlin Chain this Onchain Summer! Check out Merlin’s @Galxe watchlist to interact with all the other participating projects.

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Solv Protocol Team

Decentralized Asset Management. Diverse Assets. Savvy Strategies. Optimal Risk Management.