CoinVoice：Please introduce yourself
MerlinSwap：MerlinSwap is the benchmark product of iZUMi Finance's "Dex-As-A-Service," providing a full set of Dex technical solutions for public chains and inviting independent operational teams to build and run them. Technically, it has undergone over two years of security verification in the market by iZUMi.
CoinVoice：Can you briefly introduce MerlinSwap?
MerlinSwap：MerlinSwap is the top-ranked decentralized exchange in the Bitcoin ecosystem, aiming to be the liquidity hub for Bitcoin and Bitcoin ecosystem assets (including BRC-20, BRC-420, and native tokens across the Merlin Bitcoin Layer2). MerlinSwap is also the first DEX platform in the Merlin Chain ecosystem and the first DEX to support Bitcoin wallet connections. By adopting industry-leading account abstraction technology, MerlinSwap aims to accelerate Bitcoin-related assets, targeting a TVL of $2 billion (close to Solana's peak).
CoinVoice：What reasons led you to choose the Merlin Chain among many Layer2 solutions?
MerlinSwap：As a Bitcoin Layer 2 solution, Merlin Chain has demonstrated significant potential in expanding its ecosystem space to the market. With a TVL of $3 billion compared to Solana's $4 billion TVL, Merlin has shown substantial market trading volume. Many NFT/crypto trades still operate on the Bitcoin Layer 1.
CoinVoice：Apart from being known as the first Swap on Merlin, most people's familiarity with you should come from $Voya, which reached a peak market value of $70 million. People are curious about the story behind $Voya. Can you share some insights?
MerlinSwap：$Voya is the first official "MEME" token used for ecosystem airdrops, distributed 100% to on-chain interactive users. Over 100,000 eligible addresses received airdrops, proving the success of this model on Merlinchain, where users are the biggest asset.
CoinVoice：Merlin is widely recognized as having a strong operational capability, and MerlinSwap are no exception. Could you share some operational experiences?
MerlinSwap：Listing new assets with wealth effects are the best operational strategies.
CoinVoice：What is the roadmap for MerlinSwap going forward?
MerlinSwap：MerlinSwap officially started its IDO on Merlinstarter on March 26th, preparing for TGE, launching trading competitions, mining activities, and continuing airdrop activities driven by the community to reward users.
CoinVoice：With more DEXs coming up in the Merlin ecosystem, how will MerlinSwap maintain its advantage?
MerlinSwap：Two points: First, the team has extensive experience in cross-chain operations, ensuring good operations and continuous improvement. Second, we place great importance on user experience, which will improve as the ecosystem matures.
CoinVoice：What challenges did you encounter when advancing the project?
MerlinSwap：MerlinSwap, as the first decentralized exchange supporting seamless on-chain trading for BTC and ETH wallets, initially faced various protocol integration issues, such as the process of linking BTC main chain and layer2 Merlin Chain wallets. Due to the large number of users on Merlin Chain, nodes were prone to crashing, resulting in errors when transferring BTC wallets to MerlinSwap. However, with the continuous improvement and enhancement of the ecosystem, these issues are expected to be resolved more smoothly.
CoinVoice：Is there any connection between MP Token and the ecosystem (other than Swap), as well as users who previously held $VOYA?
MerlinSwap：In this IDO, $VOYA and $HUHU will have exclusive quotas, with an estimated multiple increase in the lottery rate. In the future, more joint projects will continue to provide $VOYA and $HUHU users with more opportunities to earn money. Additionally, MerlinSwap has assisted $VOYA and $HUHU in applying to join the mining plan of the main chain MerlinSeal on Merlin Chain, serving as a "golden shovel" to the ecosystem.
CoinVoice：What ecological incentive plans does MerlinSwap have?
MerlinSwap：MerlinSwap has committed to using 50% of its platform revenue to repurchase ecosystem project tokens to support liquidity. Currently, MerlinSwap's daily trading volume has exceeded 10 million. With the increasing number of ecological projects, this strategy is expected to bring more trading volume and token repurchase opportunities, stimulating better liquidity and creating a positive cycle.
CoinVoice：How do you view the development of BTC Layer2 and BTC DeFi going forward?
MerlinSwap：Following the trend of Ethereum, the thriving Bitcoin ecosystem will inevitably lead to a demand for BTC Layer2 from users. Therefore, we firmly believe that a leading BTC Layer2 solution will emerge and have strategically chosen to lay out in the BTC ecosystem. The same applies to DeFi, as the most fundamental application in the Ethereum ecosystem, it will also be needed by BTC users.
CoinVoice：Currently, some protocols are bringing BTC native assets to the relatively mature Layer1. Do you think this will have a significant impact on the development of BTC DeFi?
MerlinSwap：No, ETH and BTC are two completely different ecosystems, with many differences in both underlying assets and upper-layer applications. Before the appearance of BTC Layer2, the Bitcoin ecosystem had never been activated. It is logical for BTC native assets to flow to Layer1. However, with the activation of BTC Layer2, the circulation within the Bitcoin ecosystem will naturally gain the greatest user support and market feedback.
CoinVoice：Can you share MerlinSwap's long-term vision?
MerlinSwap：To become the Uniswap of the BTC ecosystem.
