Ren Ecosystem Update

October 2020

Michael Burgess
Oct 22, 2020 · 5 min read
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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! 🎉

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Coinbase Listing

For our users in the United States, REN has been listed on Coinbase.

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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/.

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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 🍵

renZEC has been listed on Matcha, check it out here.

Ren x Pickle Finance 🥒

You can farm Curve’s renBTC/WBTC pool via Pickle Finance. As within any yield farming exercise, please proceed with caution but if you’d like to know more check it out here.

Ren x Harvest Finance 🚜

You can now farm renBTC and Curve’s renBTC/WBTC pool via Harvest Finance. As within any yield farming exercise, please proceed with caution but if you’d like to know more check it out here.

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.

New Ren Alliance Members

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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

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Tomasz Rozmus | Front-End Developer

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Maximilian Roszko | Ecosystem Advocate

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Ren Team Interviews

The best team interviews of the month can be found below.

Loong Wang | CTO

RenVM Statistics | Track Growth

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RenVM Fees Per Day

New
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

Current
Dune Analytics | RenVM Dashboard: https://tinyurl.com/yykn6mbt
Dune Analytics | RenBTC: https://tinyurl.com/y2ez56r8
DeBank: https://debank.com/ranking/btc
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
CoinGecko: https://www.coingecko.com/en/coins/renbtc
Token Terminal: https://beta.tokenterminal.com/

Thanks to all the teams that help track RenVM’s progress!

Current RenVM Network Stats

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As of October, 22nd 10:30 AM EST

Total Volume Transacted (TVT): $1,195,451,650.37
Total Volume Locked (TVL): $334,192,116.47
Darknodes: 1380
REN Locked: 138,000,000 REN

*Source https://mainnet.renproject.io/

Ren in the News & Miscellaneous Mentions

All the noteworthy news featured in one place.

Community Member of the Month

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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!

Check out his first medium article here, and give him a follow on Twitter.

Looking Forward

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

About Ren
Ren is an open protocol that enables the permissionless transfer of value between any blockchain.

Website | Docs | Telegram | Announcements | Twitter | Reddit | Github

Ren Project

Ren is an open protocol that enables the movement of value between blockchains.

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