A REVIEW OF THE MERLIN LAB ECOSYSTEM

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INTRODUCTION
Merlin Lab – A Compound Interest Vault Based on Yield Farming
Merlin Lab is a platform that is based on the concept of Yield Farming. It would be recalled that Yield Farming became popular following the advancements in income opportunities in the crypto industry, especially via Decentralized Finance (DeFi).
The introduction of Merlin Lab is to improve the fortunes of investors who want to make money via passive income opportunities tenable in Yield Farming.
This article explains how Merlin Lab goes about that.

Merlin Vaults
Merlin Vaults are the improved Yield Farming model exclusive to the Merlin Lab project. These vaults are designed to help Yield Farmers and Liquidity Providers (LPs) to compound their interests instead of withdrawing their earnings almost all the time.
This approach is commendable, considering the volatility of the crypto market that could cause investors to lose more money than they make.
Binance Smart Chain: The Blockchain Network
Powering Merlin Vaults
The Binance Smart Chain (BSC) has risen through the ranks to become one of the most disruptive blockchain networks.
Taking a swipe at the Ethereum blockchain, the Binance Smart Chain (BSC) promises to fill most of the lacunas associated with the Ethereum blockchain. From high transaction fees to scalability issues - the Binance Smart Chain (BSC) tackles most of them.

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It is therefore on that note that the Merlin Vaults was launched on the Binance Smart Chain (BSC) because of many reasons. For example, many cryptocurrency projects, especially those in the DeFi category are mostly listed on the trading platforms on the Binance Smart Chain (BSC). Considering that the DeFi market is the core concentration of Merlin Lab, it makes sense that the Merlin Vaults are built on the Binance Smart Chain (BSC) blockchain network.
Multiple Passive Income Opportunities
One of the primary reasons for the explosive interest in Yield Farming is the passive income opportunities. With the volatility and unpredictability of the crypto market, investors want to make extra income without overly exposing their capital to the volatile market.
Yield Farming became an answer. It is on that basis that Merlin Lab through the Merlin Vaults has launched multiple passive income opportunities for its users.
As a Decentralized Finance (DeFi) enthusiast, here are some of the ways you can earn passive income from using the Merlin Vaults:

1. Yield Aggregator
   Some DeFi investors make the mistake of withdrawing all they earned from Yield Farming. That is not always the best way to grow wealth in the cryptocurrency market – or any other financial market for that matter.
   In light of that, you want to take advantage of the Yield Aggregator product launched by Merlin Lab. The idea is to compound your income from Yield Farming. That way, the Yield Aggregator will continue to automate the reinvest of your interests from Yield Farming until you are satisfied with how much you have compounded.
2. Liquidity Provision
   There is also the normal staking of crypto assets in the liquidity pool. As a Liquidity Provider (LP), your job is to stake the required crypto-assets (such as USDT, BNB, and CAKE) so you can earn from the liquidity rewards that would be distributed.

CONCLUSION
Compounding your earnings from Yield Farming is one of the ideal ways to keep your crypto assets safe from the volatile market while building wealth at the same time.
If this is what you look forward to, Merlin Lab is there to make your dream come true!

Website

https://www.merlinlab.com/farm

Twitter : https://twitter.com/MerlinLab_

Telegram : https://t.me/merlinlab

Creator
Telegram : @barth6