MerlinLab: High APY auto-compounding yield aggregator on BSC. Stake $MERL to earn BTCB, ETH, BNB.

Auto-compounding yield aggregator with an ecosystem optimized to focus on safe and sustainable maximum yield return.

Indeed, at a stage where the market is attracting so many new investors, we lived in a bleak 2020 plague. And through that I realized the important problem of the Internet to people’s lives. The risk is that it’s time for us to change and re-view the current economy. I have always assumed that the teeth between the center of gravity and decentralization will always exist in parallel to support each other. As for cryptocurrencies, I noticed that this moment there are many signs of a market boom in the near term. But at the moment, DeFi is really hot and brings very high profits for investors, but not all projects bring high profitability because there are so many new projects scams. I see this, but not necessarily looking for trending new projects, and for a project that I can consider as GEM in the future, I feel they are starting to build a project that will has a huge buzz in this market.

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).

The rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector. Despite the surge in DeFi products on Binance Smart Chain (BSC), there are no functional farming projects that truly facilitate users holistically. Merlin combines yield maximization with functionality, delivering an all-encompassing DeFi platform.

Merlin recognize the exponential benefit in auto-compounding and the value in accumulating key cryptocurrencies (aka. BTCB, ETH, BNB, CAKE, etc.), so Merlin’ve built:

• A yield aggregator that helps you auto-compound your assets
• An ecosystem that helps you earn more key cryptocurrencies (aka. BTCB, ETH, BNB, CAKE, etc.) by staking $MERL

Token

$MERL does not have a maximum supply due to the need for a wide distribution of tokens to accommodate for utility within the range of DeFi product suites planned within the upcoming development roadmap. $MERL tokens are minted in proportion to BNB earned on the platform. Multiple deflationary mechanisms are in place to reduce supply and to maintain constant upwards price pressure:

• Buyback & Burn: 50% of the Burn contribution is used to perform market buy-backs of $MERL tokens to stabilize price during market volatility
• Lottery: 50% of the Burn contribution will be used to purchase $MERL and injected into the lottery pot. 20% of the pot is burnt
• Further deflationary mechanics will be introduced for $MERL ecosystem to become deflationary

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

How to buy $MERL ?
MERL can be traded on Pancakeswap, you can buy MERL from the PancakeSwap MERL-BNB pool here: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xDA360309C59CB8C434b28A91b823344a96444278​
Contract address of MERL token: 0xda360309c59cb8c434b28a91b823344a96444278
Merlin’re also working on listing MERL on more CEX and DEX exchanges

How to add Liquidity ?
1. Go to https://exchange.pancakeswap.finance/#/pool​
2. Click on “Add Liquidity”.
3. Connect wallet.
4. Select the 2 tokens that you want to add to liquidity.
5. Approve both of the tokens.
6. Confirm transaction in MetaMask.
7. Select “Supply”.
8. Select “Confirm Supply”.
9. Confirm transaction in MetaMask.

How to stake MERL tokens ?
1. Go to merlinlab.com
2. Connect wallet.
3. Click on the “Staking” tab.
4. Approve $MERL tokens.
5. Confirm the transaction in MetaMask.
6. Select “Deposit”.
7. Select “Max”.
8. Select “Confirm”.
9. Confirm the transaction in MetaMask.

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

With this idea, I think Merlin is showing that they are fully capable of solving and implementing it. Moreover, the construction of Merlin’s ecosystem is gradually coming into operation, which shows the hard work from the team, but there are still many more updates to come in the near future. Hopefully, through this article, readers will have an overview of Merlin.

Follow our global community:

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

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Author
Ceridwen Civi
Address: 0xFC48685758C910414C37A9cE2B8BFF402Ac6428c