VarenX Integrates RenVM
The First Multi-chain Swapping dApp Powered by RenVM
We are excited to announce the very first multi-chain swapping dApp powered by RenVM! Varen X is a cross-chain decentralized exchange (DEX) interface that has been in development for over a year.
This integration is the ultimate vision for RenVM — composable cross-chain DeFi. It uses every aspect of DeFi out there; UI from SushiSwap, liquidity aggregation from 1inch’s routing API, and last but not least bridging technology and composability from RenVM (RenJS).
It is the ideal integration for RenVM, creating high-velocity movement of assets with a seamless cross-chain user experience. We are thrilled to see this product come to market in collaboration with the Varen Finance team.
Varen X supports all RenVM assets, so users can now trade native Bitcoin (BTC), Bitcoin Cash (BCH), DigitByte (DGB), Dogecoin (DOGE), Filecoin (FIL), Luna (LUNA), and Zcash (ZEC) for any other asset within the Ethereum ecosystem (ERC-20s).
Start trading here 👇
With VarenX, swaps like BTC to DOGE are now possible through a simple one-click mint-swap-burn, all in a single transaction. To learn more about Varen X, how it works, and more — check out the Varen Finance Blog here.
Looking Forward | A Ren Labs & Varen Collaboration
In addition to Varen X, VarenX v2 may integrate host-to-host as well, to support swaps from popular lower-cost EVM compatible chains.
Ren Labs and Varen Finance also have some exciting things in store for the ecosystem and will be working more closely together on future products. A blog outlining this collaboration will be out soon, so stay tuned for more to come!
In summary, we couldn’t be more excited for the first cross-chain DEX to go live, as it’s a culmination of DeFi’s true potential and the hard work of many teams. This is a milestone for interoperability and it will only improve and start to mature over the coming years.
Onwards and upwards,
— Ren Community
About Varen Finance
Varen is a community-governed DeFi protocol building user-friendly products and services.
Website | Dex | Discord | Telegram | Twitter | Github
About Ren
Ren is an open protocol that enables the movement of value between blockchains.
Website | Docs | Discord | Announcements | Twitter | Reddit | Github
