Ren Protocol Subzero Mainnet To Launch Soon | Will This Be HUGE For DeFi on Ethereum?
296Bitcoin to the interoperability network. Last month, Ren Protocol introduced its cross-chain interoperability tool RenVM, while pBTC, an interoperability token aimed to bring Bitcoin's liquidity to the Ethereum network. Ren, an interoperable liquidity protocol for DeFi, has announced the formation of the Ren Alliance. The Alliance is a consortium of companies and projects operating in DeFi that will help to secure, develop, and utilize the "Ren Virtual Machine."
It aims to boost the interoperable utility of the RenVM project and help to inject more liquidity into the broader DeFi segment. This will be achieved by introducing larger collateral types, including BTC and other major altcoins, to the DeFi ecosystem.
References:
Ren Protocol Announces New REN Alliance
https://cryptobriefing.com/cross-chain-liquidity-major-movement-defi/
https://www.cryptoninjas.net/2020/03/02/cross-blockchain-decentralized-finance-protocol-ren-introduces-new-consortium/
https://medium.com/renproject/how-renvm-actually-works-c2f76a2630c4
Ren token utility
https://docs.renproject.io/darknodes/faq/ren-token
https://www.namecoinnews.com/matic-network-to-compete-with-lightning-network-on-cheaper-btc-transactions/
Setting Up a Ren Chaos Darknode
https://twitter.com/shashxxx/status/1235980706909532160
https://docs.renproject.io/darknodes/
---------
#Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano
---------
New Weekly CryptoTag #Giveaway
- Simply Subscribe to Altcoin Buzz and drop a comment on the Video
- Winners for this weekly giveaway will be announced on every Saturday
---------
Altcoin Buzz Free Newsletter: http://eepurl.com/dnIEz1
Sign up for Crypto.com and We Both Get $50 USD https://platinum.crypto.com/r/ab
Sign up for eToro https://tinyurl.com/yxwa8vbt
---------
Visit our website: https://altcoinbuzz.io
Connect with us on Social Media:
Twitter: https://twitter.com/Altcoinbuzzio
Facebook: https://www.facebook.com/altcoinbuzzio/
Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA
----------
NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.