RenVM serves as the engine that powers our decentralized interoperability solution.
RenVM provides one of the only practical interoperability solutions that can scale. It is also the only solution that allows for secret computation over multiple inputs and multiple parties. RenVM is not a product or an application in and of itself, it is a network (and an accompanying SDK) that allows developers to bring cross-chain functionality to their DeFi applications.
What problem does RenVM solve?
RenVM enables the permissionless exchange of value between blockchains - bringing interoperability to DeFi.
This directly enhances DeFi’s utility by adding more liquid assets to the Ethereum ecosystem. Regardless of the DeFi app, RenVM can provide a native cross-chain user experience allowing seamless and decentralized interoperability for the first time ever.
What can be built with RenVM?
RenVM serves as a plug-in for decentralized finance and therefore, any DeFi application can incorporate RenVM’s capabilities into their applications and existing smart contracts.
RenVM provides one of the only practical interoperability solutions that can scale. It is also the only solution that allows for secret computation over multiple inputs and multiple parties. RenVM is not a product or an application in and of itself, it is a network (and an accompanying SDK) that allows developers to bring cross-chain functionality to their DeFi applications.
What problem does RenVM solve?
RenVM enables the permissionless exchange of value between blockchains - bringing interoperability to DeFi.
This directly enhances DeFi’s utility by adding more liquid assets to the Ethereum ecosystem. Regardless of the DeFi app, RenVM can provide a native cross-chain user experience allowing seamless and decentralized interoperability for the first time ever.
What can be built with RenVM?
RenVM serves as a plug-in for decentralized finance and therefore, any DeFi application can incorporate RenVM’s capabilities into their applications and existing smart contracts.
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Ren has launched a bridge to Solana.
The project announced the integration Thursday, remarking that “Solana brings a unique set of features to the Layer One space, along with a growing ecosystem and community.” Solana is a high-throughput Layer One blockchain that offers similar DeFi functionality to Ethereum. However, it processes transactions at a much higher speed and lower cost than the second-ranked blockchain. The ecosystem has grown at a rapid pace this year and the project has received a significant amount of attention: the blockchain’s native SOL token has climbed to 13th rank of all cryptocurrencies.
Ren, also known as RenVM, will bring more activity to Solana by offering a bridge to bring assets onto the network. It works by allowing users to mint tokenized versions of the asset they bring onto the bridge. It aims to achieve cross-chain interoperability, and it’s been particularly successful in offering a way to use Bitcoin in DeFi on Ethereum. It also integrated Polygon last month and partnered with Alameda Research to bring Solana-based assets to Ethereum's DeFi network in February.