PANews reported on May 28 that according to Binance's announcement, Binance Futures will launch the MERLUSDT perpetual contract at 16:30 Beijing time on May 29, supporting up to 50 times leverage. MERL (Merlin Chain) is a Bitcoin Layer 2 project that integrates ZK-Rollup, decentralized oracle and fraud proof mechanism. The contract supports a multi-asset margin model, with a funding rate settled every 4 hours, and an initial maximum funding rate of ±2%. MERL has been launched on the Binance Alpha market, and the launch of the contract does not mean that the spot will be launched simultaneously.