Mineral: Sustainable BTC DeFi backed by Real World Assets, with APR reaching up to 1801.95%

2024.03.29

Mineral: Sustainable BTC DeFi backed by Real World Assets, with APR reaching up to 1801.95%

Mineral is the first native BTC DeFi project on Merlin Chain (BTC L2) to issue RWA inscriptions based on BRC420.

2024.03.29 - 03:00:06

Mineral

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Mineral is the first native BTC DeFi project on Merlin Chain (BTC L2) to issue RWA inscriptions based on BRC420.

Traditional DeFi projects relying on heavy subsidies and liquidity locking are inherently unsustainable. DeFi 2.0 projects like OHM essentially attract investors with extremely high compound returns, focusing on supply growth rather than price appreciation to build market consensus. However, when market enthusiasm declines or a surge of forks分流s attention and subsequent capital inflows dry up, the high premiums gradually dissipate and ultimately collapse. So how can one create a sustainable DeFi project while still offering substantial returns? Mineral provides the answer: introducing Real World Assets (RWA) as backing to reduce泡沫. Mineral is the first native BTC DeFi project on Merlin Chain (BTC L2) leveraging BRC420 to issue RWA-based铭文. Unlike many unsustainable DeFi 1.0 projects dependent on heavy subsidies and locked liquidity, Mineral introduces positive externalities from mining, creating a sustainable yield-bearing asset model in DeFi. With a unique treasury design (token $MNER), it continuously accumulates RWAs to strengthen intrinsic value, and through high composability, opens broad possibilities for cross-project collaborations—enabling multiple flywheel effects in DeFi. Mineral took its first step via a fair launch on Merlin Chain, followed swiftly by purchasing equipment, setting up infrastructure, and providing observer links to ensure transparency. The team’s prompt and responsible response quickly attracted a large base of core users. Although it experienced community dissatisfaction and setbacks in empowering the ecosystem, these challenges instead revealed the team’s perseverance and sincerity. For the project side, selling $MNER spot or futures efficiently fills the treasury, securing funds to acquire new batches of RWAs. For $MNER stakers, they not only gain exposure to net earnings from new equipment in the second and subsequent batches but also earn high APR returns from the 20% allocation of total $MNER emissions—this is precisely where the positive flywheel originates. Overall, this mechanism design highlights that Mineral is not a short-term aggressive project, but a long-term, sustainable DeFi initiative backed by RWAs. The first $MNER public sale concluded successfully with over 900% oversubscription. As of March 28, 2024, $MNER has appreciated 180% compared to the initial sale price. Official $MNER staking has now launched—looking forward to the market performance of $MNER and Mineral. Website: https://www.mner.club/ Participation link: https://x.com/mner_club/status/1773171319716397110?s=20

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Mineral: Sustainable BTC DeFi backed by Real World Assets, with APR reaching up to 1801.95%

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