Ren is an open protocol that provides access to inter-blockchain liquidity for dApps. The entire protocol is powered by the RenVM Virtual Machine which enables the transfer of any token between any blockchain whilst maintaining privacy.
In this article, you will find a list of all of the projects that are already part of the Ren Alliance.
The Ren Alliance is a consortium of over 50 projects that will work together to develop, secure, and utilize the Ren protocol. If I have missed any out please let me know in the comments below and I will be sure to add them.
List Of Partnerships in Ren Alliance;
Utility - integrating RenVM or adding renBTC, renZEC, etc.
- bZx Protocol
- Flare Wallet
Security - Increasing RenVM security via Darknodes
- Curve Finance
- Polychain Capital
- Synapse Capital
Development - Helping to develop RenVM
- BlockDevs Asia
- Defi Prime
- Dune Analytics
Utility Partnerships In Detail
Aave is an open-source protocol that enables the creation of money markets. It allows users to borrow assets and earn interesting by lending assets to other users. Aave will help to bring liquidity to the RenVM
Stani Kulecho, a representative of Aave said the following;
“the Ren Alliance will allow us to bring BTC liquidity into the protocol. And we’re looking forward to bringing that liquidity into the other lending pools.”
AirSwap is another liquidity project that is part of the Ren Alliance. It as ia P2P trading platform that is built on top of the Ethereum blockchain. It allows users to quickly swap tokens for each other in a trustless, simple, and secure manner without the need for fees, deposits, or signups.
Authereum is a Web-3 mobile browser solution that allows users to easily access their Ethereum wallet from any web-based browser with just a username and a password. Authereum will be a utility member who will install the RenVM.
4. bZx Protocol
bZk Protocol is a decentralized exchange protocol that allows users to easily transfer funds on the Ethereum blockchain. It is important to recognize that bZx is not a decentralized exchange, instead, it is a protocol for developers to build DEX’s on top of.
dDAi allows users to easily earn interest by depositing a specific amount of DAI into a decentralized smart contract. The platform is built on top of other projects in the Ren Alliance such as Kyber Network and bZx.
6. DeFi Zap
DeFi Zap combined with DeFiSnap to form Zapper.fi. It allows users to manage DeFi assets and liabilities in one simple interface. The project has over 15 thousand users with over $15 million invested through the platform since early December.
DexWallet is part of the DDai family of products and it provides a sophisticated wallet that allows users to borrow, lend, exchange, and stake in one location. DexWallet will join the Ren Alliance and install the RenVM.
8. Flare Wallet
Flare is a non-custodial cryptocurrency wallet that allows for token swaps and complete privacy. Flare is a perfect partner considering the fact that it is non-custodial and allows for decentralized token swapping inside its platform. The wallet can be downloaded on all platforms including mobile devices.
Formatic is a web3 wallet that can be considered as an alternative to MetaMask. It allows users to use mobile numbers or email addresses to connect to Ethereum dApps without the need for any browser extension. The great thing about Formatic is the fact that the SDK allows developers to easily integrate into applications by simply copying and pasting a few lines of code.
It is important to point out that Fortmatic has actually rebranded into Magic.
FutureSwap is a decentralized cryptocurrency exchange that allows for the trading of futures with up to 20x leverage. It is run on smart contracts on top of the Ethereum blockchain which makes the exchange completely transparent. FutureSwap also uses Automated Market Making algorithms to ensure that there is minimal slippage when executing large trades.
iEearn.Finance has been described as an aggregator of interest-earning DeFi opportunities. The project aims to make DeFi really simple in order for users to be able to maximize yields. The platform allows users to automatically leverage lending and liquidity provider rates by providing an average through multiple DeFi providers such as Uniswap, Compound, Fulcrum, Aave.
Incognito is a platform for privacy tokes. The project has an application that allows users to store all of their cryptocurrency tokens. However, it also has a hardware device that allows users to easily stake on the Incognito Chain. On top of this, users that use the hardware device will also earn transaction fees in BTC, ETH, and USDt - depending on what coin was used in the privacy transaction.
Mosendo is a cryptocurrency application that allows users to store money and send it to anyone, anywhere. Users can easily hold cryptocurrency or convert it into USD to be sent to other users.
The PieDAO is a decentralized autonomous organization that is designed to bring market accessibility to anyone with an internet connection through the Pie Protocol. It allows anyone to participate in the creation of a tokenized portfolio allocation which are called PIEs.
Totle is a platform into the DeFi world. It is a suite of tools that makes it easy to access deep liquidity as it is connected to top decentralized exchanges and synthetic asset providers. Orders that executed through Totle are routed through the sources which mean that users receive the best prices available.
David Bleznak, CEO of Totle, had the following to say;
“Totle has focused on aggregating exchanges that settle trades on Ethereum. Since RenVM utilizes Ethereum as the settlement layer for Bitcoin exchange, it felt like a natural fit for Totle to leverage in bringing BTC to its users and DeFi in general.”
Security Partnerships In Detail
1. Curve Finance
Curve Finance is aa liquidity exchange pool built on Ethereum that allows for efficient stablecoin trading and low risk, supplemental fee income for liquidity providers. Curve integrated the RenVM via RenJS which allows anyone to natively use BTC in Curve Finance.
The partnership actually allows for a seamless swap between BTC and WBTC creating the first on-ramp for WBTC that does not require any signups.
The Kyber Network is an on-chain liquidity protocol that allows users to easily swap tokens. It aggregates liquidity from token holders, liquidity pools, maker makers, and matches them with users to provide a faster and secure exchange of tokens.
3. Polychain Capital
Polychain Capital is a hedge fund investment firm that invests in cryptocurrency protocols and companies. It was founded in San Fransisco ain 2016 and has just 11 employees with over hundreds of millions under management.
4. Synapse Capital
Synapse Capital is a cryptocurrency investment firm that is focused on crypto native projects and developer network effects. The firm has investments in other decentralized projects such as MakerDAO, Synthetic, 0x, Keep Network, Theta Network, and Authereum.
Development Partnerships In Detail
0Confirmation is a DeFi platform aimed to allow users access to DeFi in order to trade, borrow, and lend. Specifically, it is built to give the option for instant BTC transactions in a sort of confirmation as a service solution. It is designed to allow the trading of Ethereum assets as well as non-Etehreum assets in a non-custodial and secure manner. 0Confimration will run a Darknode to secure Ren, help to develop the project and is also powered by RenVM itself.
3. BlockDevs Asia
Blockdevs Asia is a volunteer-driven community that is dedicated to growing the community by organizing blockchain development meetups. Over their time, they have managed to organize over 19 events, 2 hackathons, and 17 meetups.
Blockpool is a custom blockchain development company that helps projects to stand out by building custom-built solutions.
Coinspect is a cryptocurrency security services firm that offers security options such as manual source code reviews, reverse engineering, and black-box testing of applications and hardware.
Crypkit is a toolkit to allow cryptocurrency businesses to track and manage their finances easily. The toolkit includes a portfolio tracker to track all trading history, a crypto fund tracker, account and payments to manage crypto-based operations, and a staking monitor to provide an overview of all PoS staking assets.
7. DeFi Prime
DeFi Prime is a media outlet and analytical service for the entire DeFi community. It intends to inform and educate the community about all things DeFi related.
8. Dune Analytics
Dune Analytics allows users to easily create analysis from smart contract data to visualize and interpret.
Labrys is a blockchain developmental company that takes ideas from clients and brings them to fruition. The team of designers, developers, and consultants help startups and existing businesses to take advantage of the benefits of blockchain technology.
11. Portal Network
Portal Network is an interoperability project aimed to connect and enhance existing blockchains. It works by deploying the Blockchain Name Service (BNS) standard across multiple blockchain protocols.