How to stake on Merlin chain?

Could you please elaborate on the process of staking on the Merlin chain? As a cryptocurrency enthusiast, I'm curious about the steps involved in this process and any potential benefits or risks associated with it. Is staking a suitable option for those who are new to the world of decentralized finance? Additionally, could you provide some insights into the specific requirements or qualifications needed to participate in staking on the Merlin chain? I'm eager to learn more about this topic and how it could potentially benefit my investment portfolio.