According to official news, the one-stop DEX platform BitGenie has launched decentralized exchange services on Merlin Chain. Users can create liquidity pools for all assets on Merlin Chain and participate in Yield Farming for additional rewards.
The first trading pair to offer incentives is WOO/MERL. Users can stake WOO to earn BitGenie's WISH, a program designed to attract WOO liquidity and encourage users to use Merlin Chain.
Earlier this month, both WOO and Merlin Chain supported the launch of BitGenie, with WOO using it as a pilot project for the WOO Innovation Hub. The WOO Innovation Hub program aims to accelerate innovative projects in emerging fields, such as DeFi on the Bitcoin network. In addition, WOO is a LayerZero OFT asset launched on Merlin Chain, becoming one of the first OFT tokens launched on BTC L2.