Bitget and Merkl Plan Dividends for Eligible rToken Holders in Supported DeFi Protocols - www.tokenpost.com
Bitget and Merkl announced a partnership on Friday to identify eligible holders of rTokens for dividend distributions when those tokens are used in supported DeFi protocols.
The planned distributions would be made in stablecoins under applicable rules. Intended uses include lending, liquidity pools, and staking.
Merkl CEO and co-founder Pablo Veyrat described identifying the actual holder behind a DeFi position as a challenge. Merkl’s rewards-forwarding technology can trace rToken holdings through nested smart contracts, and the partnership plans to use that capability to identify eligible holders.
Merkl CEO and co-founder Pablo Veyrat described identifying the actual holder behind a DeFi position as a challenge.
Bitget CEO Gracy Chen said tokenized stocks should remain eligible for dividends when used in DeFi applications.
The announcement did not give a launch date or identify which rTokens or protocols would qualify.
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