With the launch of COMP liquidity mining earlier this week, yield farming has become a hot topic in DeFi. Users can start earning high yields across an increasingly wider range of Defi protocols in native tokens via by providing liquidity (or any value-added service) to the network. While yield farming is a newer concept to the DeFi community, we’re now seeing the ultimate yield hacking strategies emerge. Ren Protocol, Synthetix, and Curve have teamed up to launch a new incentivized liquid… … More
To Our DeFi Community,
Bang bang. Another awesome week in DeFi in the books!
One of the most notable announcements this week was the launch of the RenVM on Ethereum mainnet. For those unfamiliar, the RenVM allows users seamlessly mint BTC, BCH, and ZEC on Ethereum. The most important part? It’s trustless (or trust-minimized).
Ren Protocol provides a novel solution as you’re not relying on a centralized institution to hold your assets cross-chain (like WBTC and BitGo) but instead a pi… … More
With all the recent talk of Bitcoin coming to DeFi, we’re excited to share that Ren Protocol has just launched its interoperable RenVM on mainnet. RenVM Mainnet is Live. Welcome to the new cross-chain era for DeFi! #RenVMhttps://t.co/RhlYcQorbt
— Ren (@renprotocol) May 27, 2020 The highly anticipated launch brings a novel, trustless solution for users to mint Bitcoin, Bitcoin Cash, and ZCash as ERC20 tokens – allowing them to be used in the ever-growing DeFi landscape.
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