*Project description: Merlin (MERL) is a decentralized finance (DeFi) platform focused on yield optimization and automated liquidity provision, allowing users to maximize their earnings through automated strategies and staking options.
*Type of project: Yield optimization and automated liquidity provision in DeFi.
*Is it under a block?: Yes, Merlin operates on Ethereum and other compatible blockchains, using smart contracts to automate yield strategies and manage liquidity.
*Latest update or news: As of November 7, 2024, Merlin introduced its Merlin Staking Program, allowing users to stake MERL tokens and earn rewards while supporting liquidity across DeFi platforms.
*Narrative: DeFi yield optimization, staking, and automated liquidity provision.
Next Unlock Event: Scheduled for November 19, 2024, with an unlock of 17.5 million MERL tokens. Percentage of Circulating Supply: This release constitutes approximately 2.08% of the circulating supply. *2. Rate of Token Release to Circulation:
Next 7 Days (November 7 – November 14): 0 MERL tokens released, or 0% of the circulating supply. Next 30 Days (November 7 – December 7): 17.5 million MERL tokens released, or 2.08% of the circulating supply. *3. Total Unlocked:
Total Unlocked Tokens: 605.23 million MERL, representing approximately 28.82% of the maximum supply of 2.1 billion MERL tokens. *4. All Upcoming Unlocks in the Future:
November 19, 2024: 17.5 million MERL December 19, 2024: 17.5 million MERL January 19, 2025: 17.5 million MERL February 19, 2025: 17.5 million MERL March 19, 2025: 17.5 million MERL April 19, 2025: 17.5 million MERL Further monthly unlocks continue on the 19th of each month through December 2028. *5. Vesting Analysis for Merlin (MERL): Merlin’s vesting structure is designed to support long-term growth and stability:
[]Staking & Yield Rewards: 40% allocation, gradually released to incentivize staking and provide yield rewards within the ecosystem. []Team & Advisors: 20% allocation, vested over 4 years to align with long-term project growth. []Liquidity & Market Making: 15% allocation, dedicated to ensuring sufficient liquidity and smooth trading experiences. []Ecosystem Development: 15% allocation, reserved for partnerships, development, and expansion efforts.
Community Incentives & Airdrops: 10% allocation, distributed to early supporters and to drive platform adoption.
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