BadgerDAO Integrates RenVM
A one-stop-shop for BTC in DeFi
We are excited to announce that Badger Bridge has integrated RenVM! This long-awaited collaboration has a few components, so without further ado:
- Native RenVM integration on Badger Bridge
- Bridge Mining Program | Yield Farming via Badger Cetedel Program
- BadgerDAO & WBTC.Cafe
The Badger Bridge RenVM Integration
With this integration, BadgerDAO users can now easily convert native Bitcoin ($BTC) to $renBTC, $WBTC or deposit Bitcoin directly into BadgerDAO’s Vaults $bCRVrenBTC, $bCRVsBTC, etc with one click (the first of its kind).
This integration continues to demonstrate RenVM’s superior composability and furthers BadgerDAO’s mission by facilitating products and infrastructure that bring Bitcoin to DeFi.
The integration is live now, so check it out and start earning:
Bridge Mining Program | Perks of Badger Bridge
Along with a more seamless UX for users, BadgerDAO is incentivizing the transfer of up to 100,000 BTC ($5B) with nearly $6M in user rewards. This will be the largest incentive program used to bridge Bitcoin to Ethereum to date, with rewards for simply using the bridge to mint & earn yield.
To put it simply, not only will users now be able to seamlessly earn yield on tokenized BTC immediately, they will also get rewarded for doing so. Learn more below 👇
BadgerDAO & WBTC.Cafe
To further solidify our relationship with BadgerDAO the Ren team will be transitioning WBTC.cafe over to the new Badger Bridge. In other words, WBTC.cafe’s traffic will now route users to the Badger Bridge.
This will facilitate further decentralization for RenVM’s infrastructure, make Badger Bridge the go-to place for putting your BTC to work, and helps from a UX perspective by consolidating this functionally for users under one roof. The Cafe will begin to redirect to Badger Bridge over the coming days.
Looking Forward | One-Stop-Shop for All Things BTC
We’ve been working with the BadgerDAO team since day one, so we’re excited to see this come to fruition as this integration provides a foundation upon which other future Badger products can be built.
Given this depth of collaboration, we expect to mimic this functionality throughout all DeFi Ecosystems, so keep an eye out for similar products on Binance Smart Chain, Fantom, Solana, Polygon, and more!
BagderDAO will be the one-stop-shop for all things Bitcoin in DeFi, so much more to come.
Onwards and upwards,
— Michael Burgess, COO
About BadgerDAO
A DAO dedicated to building products to bring BTC to DeFi.
Website | Twitter | Discord | Github
About Ren
Ren is an open protocol that enables the movement of value between blockchains.
Website | Docs | Telegram | Announcements | Twitter
