We are excited to announce NUTS Finance has integrated RenVM!
The acBTC dApp now supports native BTC deposits via RenJS. This new feature streamlines the BTC cross-chain process and the minting of acBTC into a single transaction, providing an optimal user experience for their users.
acBTC is a composite Bitcoin solution on Ethereum, designed to unite ERC20 BTC to maximize usability and interoperability across blockchain networks. The acBTC ecosystem integrates native Bitcoin and ERC20 BTC with swap, savings, and lending applications into one highly secure, efficient, and usable standard. For more information check out their blog, here.
RenVM provides a seamless user experience for bridging BTC liquidity onto the Ethereum network in a permissionless setting. We look forward to further leveraging the robust product suite by Ren to increase adoption and usability for ERC20 BTC.
— Terry Lam, Co-Founder of NUTS Finance #acBTC
Over the coming months, we’ll continue partnering with NUTS Finance to provide an even more cross-chain functionality within their suite of products, so stay tuned!
Onwards and upwards,
— Michael Burgess, COO
About NUTS Finance
NUTS Finance is a blockchain development DAO focused on building secure, composable, and easy to use technology to empower financial applications on the blockchain. The inaugural application acBTC, a composite Bitcoin solution on Ethereum aggregates swap, savings, and lending applications into a single platform. Our team is composed of experienced developers, financiers, and serial entrepreneurs. We are highly motivated to leverage blockchain technology to improve the existing workflows in financial services.
Website | Whitepaper | Github | Discord | Telegram
About Ren
Ren is an open protocol that enables the movement of value between blockchains.
Website | Docs | Telegram | Announcements | Twitter | Reddit | Github