A Step-by-Step Guide to Unstake Your BTC on Merlin Chain
Introduction:
Merlin Chain is now open to unstake BTC. This step-by-step guide will provide clear instructions on how to unstake BTC to Layer1, claim BTC to Layer2 address, and swap M-BTC for real BTC to Layer 2.
1. Unstaking BTC to Layer 1:
If you haven’t claimed M-BTC before and want to receive BTC to a Layer 1 address, follow these steps:
Step 1: Refer to the provided diagram for detailed instructions.
Step 2: Pay the necessary gas fee associated with the transaction.
Step 3: Wait for a processing period of 72 hours.
Step 4: Once the waiting period is over, the BTC will arrive at your L1 address.
2. Claiming BTC to Layer 2:
If you haven’t claimed M-BTC before and wish to receive BTC to a Layer 2 address, follow these steps:
1)This operation does not involve any gas fees.
2)After claiming, the transaction will be completed within 24 hours.
3)After the claim is processed, you can withdraw to layer 1 at any time.
Note: If there is a high volume of AA transactions, please be patient and wait for a moment.
3. Claiming M-BTC:
If you have previously claimed M-BTC and now want to swap it for Layer 2 real BTC, follow the instructions in the diagram below. And please note:
1) Ensure that your wallet has sufficient BTC gas for the operation.
2) The transaction information will be displayed in the AA wallet.
3) This action occurs in real-time, so simply wait after calling the transaction.
4) After completing the swap operation, you can proceed with trading or withdraw funds using the bridge.
Unstaking your assets on Merlin Chain can be done seamlessly by following the step-by-step guide outlined above.
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About Merlin Chain
Merlin Chain is a native Bitcoin Layer2 that is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Merlin Chain integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules.Merlin Chain has locked over 3.5 billion TVL within 30 days after its mainnet launch. The team behind Merlin, Bitmap Tech, is a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals.
