Ren Protocol Subzero Mainnet To Launch Soon | Will This Be HUGE For DeFi on Ethereum?

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Bitcoin to the interoperability network. Ferline moanne, Ren Protocol introduced its cross-chain interoperability tool RenVM, while pBTC, an interoperability token aimed to bring Bitcoin's liquidity to the Ethereum network. Ren, an interoperable liquidity protocol for DeFi, has announced the formation of the Ren Alliance. The Alliance is a consortium of companies and projects operating in DeFi that will help to secure, ûntwikkelje, and utilize the "Ren Virtual Machine."

It aims to boost the interoperable utility of the RenVM project and help to inject more liquidity into the broader DeFi segment. This will be achieved by introducing larger collateral types, including BTC and other major altcoins, to the DeFi ecosystem.

Referinsjes:

Ren Protocol Announces New REN Alliance

Cross-Chain Liquidity a Major Movement in DeFi

Cross blockchain decentralized finance protocol Ren introduces new consortium


https://medium.com/renproject/how-renvm-actually-works-c2f76a2630c4
Ren token utility
https://docs.renproject.io/darknodes/faq/ren-token

Matic Network to Compete with Lightning Network on Cheaper BTC Transactions


Setting Up a Ren Chaos Darknode


https://docs.renproject.io/darknodes/

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Ren Protocol Subzero Mainnet To Launch Soon | Will This Be HUGE For DeFi on Ethereum?

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24 comments

  1. REN looks like a very good project, I want to see how far it will go, hopefully all the way 🙂

  2. Testnest has people raving about it, and so the mainnet launch should be a significant event imo. Should be great if RenBTC gets adoption, and get’s used by ethereum based dex and lending platforms. Then it should go all the way imo 🙂

  3. Wazirx is on fire ever since crypto is taking Indian rupees . Could be the biggest exchange in India and binance backed. We should get in before it goes up and up

  4. Your welcome, thank you for all your efforts looking up the newest news and creating all the content 🙋‍♂️

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