Ren Ecosystem Update
September 2020
Welcome to the fifth Ren Ecosystem Update. With RenVM having a successful fourth month in production, these Ecosystem updates will continue to be a one-stop-shop that collates all the most important Ren news of the month.
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.
Ren Forum Release 🎉
We have recently released the Ren Forum, a one-stop-shop designed to host long-form conversations and improvement proposals for RenVM. If you want to get involved with Ren’s long-term strategic direction and governance, then this is the place for you.
$REN is Listed on Gemini
Individuals in the United States can now buy/sell $REN directly from Gemini. More information can be found below.
Ren <> UMA | Yield Dollar
In partnership with UMA, we introduced the BTC backed Yield Dollar (uUSD), along with a joint liquidity mining program! If you haven't already, check it out below.
Ren in DeFi
FTX x $renBTC
FTX OTC now supports quick conversions between BTC <> RenBTC. More info can be found here.
CREAM Finance x $renBTC
$renBTC has been listed on Cream Finance. The public can now supply and borrow $renBTC at http://app.cream.finance. More info can be found here.
Set Protocol x $REN
$REN is a key component of Set’s DeFi Pulse Index Set (DPI). More info can be found here.
DeFi Safety x Ren
DeFi Safety did a comprehensive review of RenVMs codebase, docs, etc. and we scored an 88%. More info can be found here.
Akropolis x RenVM
Akropolis will be natively integrating RenVM into its Delphi product which allows native BTC deposits/withdrawals directly from the app. More info can be found here.
Binance x RenVM
Binance Smart Chain will be supported by RenVM as a destination chain, so the public can bridge assets back and forth to BSC. More info can be found here.
Polkadot x Acala xRen
Polkadot and Acala will be supported by RenVM as a destination chain, so the public can bridge assets back and forth to Polkadot. More info can be found here.
CoinMarketCap x Ren
In partnership with CMC, we created a beginner's guide to all that is RenVM. If you’d like, check it out here.
Ren in the News
All the noteworthy news featured in one place.
- Forbes | DeFi: The Hot New Crypto Trend Of 2020
- Bitcoin Suisse | The Aftershock of Governance Tokens
- Coinbase | Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1B
- Coinbase |Bitcoin Supply on Ethereum Tops $1B
- TheBlock | Gemini to Support New DeFi Tokens
- CoinTelegraph | $500M in BTC tokenized for DeFi is just the beginning
- DeFi Rate | UMA Partners with Ren Protocol for Bitcoin-backed Yield Dollar
- Bitcoin.com | Minting Synthetic Bitcoin Cash With the Ren Protocol
- Messari | Bringing Bitcoin to Ethereum
- DeFi Slate | RenBridge Tutorial
Ren Team Interviews
The best team interviews of the month can be found below.
Taiyang Zhang | CEO
AmberGroup | Crypto Unstacked Podcast
Paul Schulte Discussions | Paul Schulte interviews Taiyang Zhang
Loong Wang | CTO
Reimagine 2020 | DeFi Panel — Disrupting the system
REIMAGINE 2020 v3.0| Ren and its future
Michael Burgess & Andrew Cassetti
Miko Bits | Bitcoin on Ethereum Blockchain with renBTC
DeFi By Design | Interoperability and Cross-Chain Future with Ren Protocol
Current RenVM Network Stats
Total Volume Transacted (TVT): $810,719,257
Total Volume Locked (TVL):$224,675,318
Darknodes: 1325
REN Bonded: 132,500,000 REN
*As of 10:00 AM EST | September 25th, 2020
*Source https://mainnet.renproject.io/
DeFi Stats | Places to track RenVM and $renBTC
Dune Analytics | RenVM Dashboard: https://tinyurl.com/yykn6mbt
Dune Analytics | RenBTC: https://tinyurl.com/y2ez56r8
Token Terminal: https://beta.tokenterminal.com/
DeBank: https://debank.com/ranking/btc
Dune Analytics: https://explore.duneanalytics.com/queries/6283#12482
Google Studio: https://tinyurl.com/yybrpdkf
RenVM Command Center: https://mainnet.renproject.io/
DeFi Market Cap: https://defimarketcap.io/
BTC on Ethereum: https://btconethereum.com/
Dune Analytics: https://bit.ly/2N6odDM
CoinGecko: https://www.coingecko.com/en/coins/renbtc
A big thanks to all the teams that help track RenVM’s progress!
Community Member of the Month
Big Bombo| The OG himself who has been with us from the very beginning! The overlord of all that is price chat, and one of our most fervent supporters.
We couldn’t be more thankful for having him as a part of the Ren community because we wouldn’t be where we are today without him. Keep up the good work sir!
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 W. Burgess
About Ren
Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain.
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