Ren Ecosystem Update

June 2020

Published in

Ren Protocol

4 min readJun 19, 2020

Welcome to the second Ren Ecosystem Update. With RenVM’s successful Mainnet release, these Ecosystem updates will 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, integration infrastructure updates, milestones, new blockchain additions, and more! So without further ado, we have a few areas to cover.

Welcome to Yield Farming 👨‍🌾

If you haven't, check out our incentivized BTC liquidity pool with Synthetix and Curve Finance here. It's a great way to put your BTC to work and just one of the many examples of DeFi x RenVM composability.

Current RenVM Network Stats

Total Volume Transaction (TVT): $4,417,890.82
Total Volume Locked (TVL): $2,334,287.07
Darknodes: 574
REN Locked: $7,239,001.00

*As of June 19th 11:00 AM EST
*Source https://mainnet.renproject.io/

Native RenVM Integrations

RenBridge | https://bridge.renproject.io/
Curve Finance | https://www.curve.fi/ren
Curve Finance | https://www.curve.fi/sbtc (coming soon)
Wbtc.cafe | https://wbtc.cafe/

DeFi Stats | Places to track RenVM and $renBTC

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
renBTCBot: https://twitter.com/renBTCBot
CoinGecko: https://www.coingecko.com/en/coins/renbtc

A big thanks to all the teams that have helped track RenVM’s progress!

New Ren Alliance Members

Since the release of the Ren Alliance on March 2nd, we’ve added another solid cohort of members and are excited to have these organizations on board!

We now have 61 Ren Alliance Members and we look forward to more additions. If your project is considering using or supporting RenVM, don’t hesitate to reach out or complete the Ren Alliance application.

Gitcoin NYBW Week Hackathon Review

DeFi x RenVM composability at its finest. If you haven’t already, check out what’s possible with RenVM. If you’d like to see the apps produced from the Hackathon, don’t hesitate to reach out to the creators and lend a hand.

BTC to Private ETH: https://github.com/TSnark/btc-2-private-eth
BTC to Aave: https://github.com/pmprete/renvm-hackaton
BTCSwap: https://github.com/AksaraWorks/btcswap

Ren in the News

All the noteworthy news featured in one place.

Community Member of the Month

Chicobermuda | As one of our longest advocates and supporters, Chico has been a true asset to the Ren organization.

Another class act in the Ren Community, who consistently asks the hard questions, educates the public on all that is RenVM, and even assists with core protocol modifications. He’s smart as a whip, and we couldn’t be more thankful for having him as a part of the Ren community! 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.