Welcome to the last Ren Ecosystem Update of 2020! With RenVM’s release back in May, we can say it’s been a successful 2020 with over 1.7 billion USD in total volume and 10K + unique RenVM users to date.
December has been equally as busy, so without further ado, let’s dive in.
OpenDAO has integrated RenVM. Users can mint Yield Dollars & $USDO with native BTC. For more information, check out this blog.
NUTS Finance has integrated RenVM. Users can now mint $acBTC with native BTC, thanks to RenJS. For more information, check out this blog.
Pillar Wallet has integrated RenVM. RenVM’s first smart wallet integration is now live and for more information, check out this blog.
My Ether Wallet (MEW) has integrated RenVM. RenVM’s first wallet integration is now live and for more information, check out this blog.
The DeFi Bridge has integrated RenVM. A permissionless Filecoin bridge to Ethereum is now live and for more information, check out this blog.
If you didn’t see it last month, Ren has been added to Cryptofees.info, so check it out here.
Ren x Synthetix ⚖
$renBTC has been added to Synthetix as collateral. Users can now borrow $sUSD and $sBTC with native BTC. Learn more here.
Ren x MakerDAO ⚖
$renBTC has been added to MakerDAO as collateral. Users can now borrow $DAI with native BTC. Learn more here.
Ren x Bancor 🛠
Provide $renBTC, $renZEC, and $REN liquidity and earn yield + $BNT on select pairs for Bancor’s new liquidity mining program. Learn more here.
Ren x QIAN Protocol ⛓
QIAN Protocol, a decentralized stablecoin protocol that supports the issuance of various stablecoins on Ethereum and BSC is in the process of adding $renBTC, $renBCH, $renZEC, and $REN as collateral. Learn more here.
Ren x 0cf 🛩
0confirmation released their initial app, 0cf Swap, and it is now open for public use. 0cf Swap allows you to swap BTC in its native form on any exchange or hardware wallet to DAI on Ethereum using Uniswap in under 2 minutes. Learn more here.
Ren x BadgerDAO 🦡
If you haven’t already, check out the BadgerDAO community which is set to provide even more utility for BTC in DeFi. Anyone who has minted $renBTC can be rewarded with $BADGER at their launch this month. More info can be found here.
Ren x Curve ➰
$renZEC and if approved, $renFIL pools should be going live over the coming weeks. More info can be found here.
Ren x Crypto.com 💻
$renBTC (RENBTC) is now available on DeFi Swap via crypto.com. You can learn more here.
Ren x Equilibrium 〰️
Equilibrium will be using RenVM to bring cross-chain assets to their Polkadot Parachain in 2021, for more info check out their blog here.
For more DeFi yield opportunities, check out this great article written by Maximilian Roszko.
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.
#RenExplained is a great community effort that was recently released to educate the larger public on what RenVM is and how it can benefit the space. For more infographics, follow $hilliam $hakespeare & DeFi Frog on Twitter.
Chainlink x Ren | CTO
Avalanche x Ren | CTO
Crypto.Com x Ren | Operations
Total Volume Transacted (TVT): $1,701,947,059.04
Total Volume Locked (TVL): $362,672,437.53
Darknodes: 1,523
REN Locked: 152,300,000 REN
*As of 10:00 AM EST, December 29th | Source https://mainnet.renproject.io/
More RenVM Statistics can be found here:
https://docs.renproject.io/darknodes/faq/renvm-statistics
Taking this month to thank ALL the Ren Community Members out there 🌏
We would not be where we are today without the fervent and unabating support we’ve received over the years. You keep us going, and we could not be more thankful. We are all building something profound together, so here’s to 2021 🎉
2020 is just the beginning for RenVM and we can’t wait to kick things off in 2021. We’ll witness the maturation of RenVM and look forward to it serving as a crucial piece of infrastructure for the DeFi ecosystem.
Onwards and upwards,
— Michael Burgess
About Ren
Ren is an open protocol that enables the movement of value between blockchains.
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