Ren Ecosystem Update | July 2021
Welcome to the July Ecosystem Update! RenVM continues to march onward with its cross-chain expansion, gaining consistent traction in each ecosystem it expands to. So without further ado, let’s dive into July’s highlights:
Coinbase Pro UK
Ren ($REN) is now available to UK residents on Coinbase Pro. Learn more here.
RenBridge adds support for renLUNA, renFIL, and renDGB
The public can now mint & burn these assets via RenBridge on any destination chain that RenVM supports! Learn more here.
Saber BTC Stable Pools on Solana
Saber, a Solana-based stable coin AMM, has added four (4) new renBTC pools and a renLUNA pool as well! This allows users to provide liquidity and limit impermanent loss along with seamlessly trading renBTC against all other Solana-based BTC variants. The pools available are below:
renBTC <> wBTC (sollet BTC)
renBTC <> ibBTC
renBTC <> HBTC
renBTC <> PBTC
renLUNA <> wLUNA
To learn more about the collaboration check this article out.
Curve Finance Rewards are live on Polygon and Fantom
$CRV incentivized renBTC pools are live on Fantom and Polygon.
Hippodrome Integrates RenVM
RenVM’s first native RenJS integration on Polygon is now live! Hippodrome allows users to swap BTC or DOGE for any token on Polygon, along with depositing directly into liquidity pools! Learn more here.
Aztec Brings Privacy to BTC
Aztec adds renBTC to their list of supported assets to zk.money. Learn more by checking out this article.
Raydium BTC and DOGE Pools on Solana
Excited to announce two official Raydium pools are now live on Solana: renBTC-USDC and renDOGE-USDC. Liquidity providers are not only earning trading fees from traders using the Raydium pools, but liquidity providers are also earning trading fees from traders using the Serum order books directly. Learn more here.
Parrot Finance adds renBTC as collateral for PAI
Parrot Finance now enables users to collateralize their BTC (renBTC) to mint the $PAI stablecoin on Solana! Learn more here.
Ren in DeFi
*All the various opportunities for the Ren ecosystem are collated for your convenience. This is not financial advice, as always DYOR and proceed at your own risk.
Beefy Finance x renBTC (Fantom) 🐄
Beefy Finance vaults are now live on Fantom. Learn more here.
Beefy Finance x renBTC (Polygon) 🐄
Beefy Finance vaults are now live on Polygon. Learn more here.
Crypto.com x Ren ⛓
Crypto.com has added Ren to their RSS feed. Learn more here.
QuickSwap | renDOGE & renDGB 🐉
QuickSwap has incentivized the renDGB and renDOGE pairs with yield farming rewards. Learn more here.
SmartDEX (Polygon) x renBTC 🧠
SmartDEX has added a renBTC and incentivized the pool with $NIOX via yield farming. Check it out here.
Adamant Vault x renDOGE 🔐
A new QuickswapDEX vault has been deployed via Adamant Vault for the renDOGE <> ETH pair. Learn more here.
Ren is Hiring | Front-end Developer
The Ren team is looking for a new Front-end Developer, so if you want to contribute to the future of finance, please apply here!
Ren Governance 🗳
Two highlights on the governance front this month:
- The Ren community put forward a proposal to reduce the minting fees on Ethereum to 15 BPS, which also was voted upon this month. 60% of the active vote weight was in favor of.
- The core dev team has put forward a draft proposal for how the community determines which tokens should be whitelisted for full RenVM integration. If you haven’t checked it out yet, please do and comment/provide feedback for how the process could best be governed by the community.
The Ren Report 💯
Great weekly overview of all the activities in the Ren Ecosystem! It’s free, subscribe here: https://therenreport.substack.com/
Daily Multichain Volume Report 💯
Daily volume reports. Subscribe here: https://twitter.com/rendarknodebot
Darknode Stats & RenVM Bots 🤖
More RenVM and Darknode Bots are now live! If you want to track real-time RenVM stats, this is your happy place.
- Ren Darknode Bot | Twitter
- Large Ren Assets Bot — | Twitter & Telegram
- All Ren Assets Bot — | Telegram
Community Member of the Month
A long-time community member but new to the Ambassador scene, Sabobi has been a fantastic addition, and contributes daily to the advancement of the protocol! We couldn’t be more thankful for his consistent dedication and service in the name of Ren.
Keep up the good work sir!
Looking Forward
The cross-chain expansion continues to march forward and will only be accelerated with more chains being supported, along with the protocol continuing to mature. Keep up the great work fRens and stay tuned for more to come.
Onwards and upwards,
— Ren Team
About Ren
Ren is an open protocol that enables the movement of value between blockchains.
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