Codefi's DeFi Bridge Integrates RenVM, Filecoin First Supported Asset

Codefi's DeFi Bridge Integrates RenVM, Filecoin First Supported Asset

By Abhimanyu Krishnan | News | 2 Dec 2020


According to an announcement made on Dec. 1, Codefi has integrated RenVM into its DeFi bridge, which connects assets to the Ethereum mainnet.

  • The DeFi Bridge is a permissionless bridge for assets, to bring them onto Ethereum (ETH); Filecoin (FIL) is the first supported asset
  • Users will be able to migrate FIL onto ETH as renFIL, so that it can be used in DeFi applications
  • This will create liquidity for lending and borrowing FIL on various DeFi markets
  • Codefi is a development unit of ConsenSys; it first announced collaboration with Ren in Oct. 2020
  • The team has stated that more assets will be supported in the future
  • Filecoin has grown to 1 exabyte in storage capacity, only a month after its mainnet launch on Oct. 15, 2020

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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