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![merkl_xyz Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1693977519286796288.png) Merkl [@merkl_xyz](/creator/twitter/merkl_xyz) on x 6376 followers
Created: 2025-07-21 14:28:20 UTC

X. In DeFi, users rarely hold assets directly in their wallets. Instead, assets are commonly deposited into staking contracts, lending protocols, automated liquidity managers,…

This is why Merkl forwarders exist: to trace ownership through these layers and forward rewards to the real end users.

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XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947302629282914764/c:line.svg)

**Related Topics**
[staking](/topic/staking)
[coins wallets](/topic/coins-wallets)

[Post Link](https://x.com/merkl_xyz/status/1947302629282914764)