Ren Ecosystem Update

Ren Ecosystem Update

By Ren Protocol | Ren Project Blog | 1 Feb 2021


Welcome to the first Ren Ecosystem Update of 2021! RenVM’s first month in 2021 is off to a good start, with over 2.3 billion in total volume to date. So without further ado, let’s dive in.

RenVM to Utilize Asylo for Economic Scaling
0937f544dc83e825526aaa95e1ce10ce70cb5a45f2be468aed75dcaffdfab032.png

Over the last few months, Ren has been researching and building on Asylo, an open and flexible framework by Google. Google Cloud’s confidential computing relaxes RenVM’s economic constraints, allowing for an unbounded scaling solution.

This is an important technical development for RenVM’s scalability, so check it out here.

Dogecoin on Ethereum | OpenDAO Integrates RenJS to Bring Dogecoin to Ethereum
8b58292b89ac204e28dd81528ff96295ab4c22c213a6bfe828c625ac16ec7214.png

Users can now mint $renDOGE with $DOGE on OpenDAO’s dApp and use it within DeFi, as with any other ERC20. Learn more here.

Mint $renDOGE with $DOGE, here.

RenVM Surpasses Two Billion in Total Volume

This last month RenVM surpassed 2.3 billion USD in total volume, along with over 3.2 million USD paid out in $BTC and others to network participants. Check out all the recent RenVM stats here.

New Community Built Websites

As you know, the Ren Community is one of the best in the land, and this couldn't be more apparent with the release of two new community-built websites.

A big thanks to the mysterious Dark Noah for Darknodes.io and our very own Ren ambassador Cpt.Rektbeard for Cryptobridge.io!

Darknodes.io

RenVM enables the permissionless exchange of value between blockchains - bringing interoperability to DeFi.

Ren - Liquidity Unchained

Access tokens from any blockchain using your existing smart contracts without having to worry about wrapping or…

New Ren Alliance Members
3bd35654c9cf92eb7d0815dd4bc0b4571a30a6b5803e7c3a116a71ffc3d70e4a.png

#RenExplained Campaign

The Ren Explainer video is another great community effort by our very own Jamlog, CptRektbeard, and DeFi Frog that was recently released to educate the larger public on what RenVM is and how it can benefit the space. For more infographics and #RenExaplined content, follow $hilliam $hakespeareCptRektbeard, and DeFi Frog on Twitter.

Ren Ecosystem Advocating 🗳

With governance taking center stage and informing DeFi’s pathway forward, community advocates for RenVM and Ren based assets have never been more important. If you want to help RenVM gain adoption, here are a few pending discussions to get involved in.

Team Interviews

CTO x Pillar Wallet

Current RenVM Network Stats
b283e2c624685e949d30c7be9811d45d7c8dacfcfd555ffa9e12ef9f4741ddd3.png

Total Volume Transacted (TVT): $2,314,249,385.04
Total Volume Locked (TVL): $503,155,728.28
Darknodes: 1,713
REN Locked: 171,300,000 REN
*As of 11:00 AM EST, January 27th| Source https://mainnet.renproject.io/

More RenVM Statistics can be found here:
https://docs.renproject.io/darknodes/faq/renvm-statistics

Community Member of the Month
f9fc949bd3125d8d967be4f84b5b3e471d75b7b259021be7c82159678b13b902.jpg

Cpt.Rektbeard | Our favorite Austrian and a long time Ren Ambassador! It goes without saying but Cpt.Rektbeard has chosen the Ren Life and is now a PERMANENT member of fRens. He also just released Cryptobridge.io one of the coolest Ren Community sites in existence today, so we couldn't be more thankful for his dedication and continued service in the name of Ren!

Be sure to give him a follow on Twitter: https://twitter.com/CptRektbeard

 


Ren Protocol
Ren Protocol

Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain.


Ren Project Blog
Ren Project Blog

Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.