Welcome to the sixth Ren Ecosystem Update. As you know, the format of the update varies month-to-month covering topics from RenVM network stats, integrations, new Ren Alliance Members, community updates, milestones, new blockchain additions, and more! So without further ado, we have a few areas to cover.
RenVM Reaches One Billion in Total Volume
As of October 17th, RenVM has surpassed one billion USD in total volume. We could not be more thankful for all those who helped us get here so a big thanks to our community, users, and supporters. We look forward to what the future holds! 🎉
For our users in the United States, REN has been listed on Coinbase.
RenVM Fee Increase | Minting 0.2% (20 BPS)
With the completion of our first Ren Improvement Proposal (RIP) via Ren Forum. RenVM has increased its minting fee to 0.2% (20 BPS). Burning fee remains the same, at 0.1% (10 BPS).
Ren Forum Release | If you have not checked it out and want to get involved with Ren’s long-term strategic direction and governance (e.g. setting fees), then this is the place for you: https://forum.renproject.io/.
Ren in DeFi
Ren x Chainlink | Proof of Reserve 🔐
Ren partners with Chainlink to create a proof of reserve for assets locked within RenVM. The first asset being BTC, check out the blog here.
Ren x BadgerDAO 🦡
Ren joins BadgerDAO to help promote BTC based dApps within DeFi. More information to come but in the meantime, check out the blog here.
Ren x Matcha 🍵
Ren x Pickle Finance 🥒
Ren x Harvest Finance 🚜
Ren x Binance ⚖️
Binance Futures launched a REN/USDT perpetual contract. Users will be able to select between 1–50x leverage. The REN/USDT perpetual contract is a USDT-margined futures contract that uses USDT as collateral. check out more information here.
Ren Ecosystem Advocation 🗳
With governance taking center stage and informing DeFi’s pathway forward, community advocation for RenVM and Ren based assets has never been more important! If you want to help RenVM gain adoption, here are a few pending discussions to get involved in.
- MetaMask | Support of Cross-Chain Assets
- Aave | Proposal to add support for renBTC
- CREAM Finance| Proposal to add Zcash (renZEC)
- MakerDAO | Proposal to add renBTC, renZEC, renBCH, REN
- SushiSwap | Vote for ETH — renBTC Pair
New Ren Alliance Members
New Ren Employees
With Ren’s growth over the summer, we have been busy hiring new employees to make RenVM a leading interoperability solution. We couldn't be more excited to grow our team, so a big welcome to:
Rahul Ghangas | Back-End Developer
Tomasz Rozmus | Front-End Developer
Maximilian Roszko | Ecosystem Advocate
Ren Team Interviews
The best team interviews of the month can be found below.
Loong Wang | CTO
- Coindesk Panel — Bitcoin’s $1 Billion Crop
- LA Blockchain Week — Yield Farming
- Reimagine — What is DeFi?
RenVM Statistics | Track Growth
Darknode Online: https://darknodes.online/
Dune Analytics | RenVM Fees Per Day: https://tinyurl.com/y3naq88q
Dune Analytics | Messari renBTC Supply: https://tinyurl.com/yymtorcl
Tokenized BTC on Ethereum: https://tokenizedbtc.info/?token=renBTC
Dune Analytics | RenVM Dashboard: https://tinyurl.com/yykn6mbt
Dune Analytics | RenBTC: https://tinyurl.com/y2ez56r8
Dune Analytics: https://explore.duneanalytics.com/queries/6283#12482
Google Studio: https://tinyurl.com/yybrpdkf
DeFi Market Cap: https://defimarketcap.io/
BTC on Ethereum: https://btconethereum.com/
Dune Analytics |BTC on Ethereum: https://bit.ly/2N6odDM
Token Terminal: https://beta.tokenterminal.com/
Thanks to all the teams that help track RenVM’s progress!
Current RenVM Network Stats
Total Volume Transacted (TVT): $1,195,451,650.37
Total Volume Locked (TVL): $334,192,116.47
REN Locked: 138,000,000 REN
Ren in the News & Miscellaneous Mentions
All the noteworthy news featured in one place.
- Coindesk | Bitcoin on Ethereum — The Whos, Whats and Whys
- Coinmarketcap | Bringing Bitcoin to DeFi
- Cryptomoon Press|Ren Collaborates with Chainlink
- DeFi Frog | A brief look into DeFi and Ren adoption
Community Member of the Month
DeFi Frog | This new addition came out of nowhere but DeFi Frog is already an integral part of the Ren Community. A seasoned Ren Forum warrior and ever-increasing ecosystem advocate, we could not be more thankful for our amphibious counterpart and look forward to future contributions!
As RenVM’s usage grows, so too will its impact on the DeFi Ecosystem and we plan to continue capturing this in forthcoming Ecosystem updates. We hope this collation of content is valuable and if you have any suggestions for content, don’t hesitate to let us know.
Onwards and upwards,
— Michael Burgess
Ren is an open protocol that enables the permissionless transfer of value between any blockchain.