Tuesday March 02, 2021
Bitcoin (BTC) $47,607.00   Ether (ETH) $1,474.89
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Networks & Protocols

Cross-chain liquidity protocol Ren launches developer portal; first 3rd-party dApp built

Published by CryptoNinjas.net
12/06/2019
Cross-chain liquidity protocol Ren launches developer portal; first 3rd-party dApp built

Ren, a protocol that can bring assets from various blockchain networks into decentralized applications, announced the release of their developer center today.

This new feature will help developers integrate RenVM into their projects. Additionally, their team presented Roundabout, the first 3rd-party dApp ever built using their virtual machine.

Using privacy-preserving computation, RenVM provides an interoperability solution that can scale. The testnet currently supports Ethereum, Bitcoin, Bitcoin Cash, and ZCash. RenVM is also a network (with accompanying SDK) that allows developers to bring multi-chain functionality to their applications.

Why RenVM needs a Developer Center

RenVM isn’t a consumer product. Their goal is to allow developers of decentralized applications to link up with various blockchains. That capability is in demand because liquidity is a huge roadblock to the mass adoption of decentralized exchanges.

Access to other blockchain networks means access to more funds. Traders currently experience large slippage when trying to place average orders in Ethereum’s various decentralized exchanges and could use some of the stagnant value in other networks.

The RenVM Developer Center features two segments and is intended to help developers of decentralized projects integrate into the Ren ecosystem with ease.

First, a new “Developer Chat” feature will offer live support from the Ren team, and the “Developer Resources” section provides self-service tutorials, documentation, and 3rd-party resources.

Loong Wang, the CTO of Ren believes a crucial component in bringing interoperability to DeFi is ensuring there is support for developers who want to integrate.

Roundabout

Roundabout, the first dApp built using RenVM

Roundabout is a simple app with one use-case, converting BTC into ERC-20 compatible, ZBTC. Once bitcoin is sent to Roundabout, it is converted into ZBTC and can be swapped for other Ethereum based tokens on Uniswap, thanks to their new ZBTC pool. This allows users to keep their BTC position while accessing Ethereum’s DeFi ecosystem.

The app may not have many features, but it’s a good example of what their protocol intends to do, which is to allow more people to provide liquidity into DeFi. Protocols like Uniswap have the potential to allow various decentralized exchanges to access their pooled funds and increase the capability of matching orders for traders.

21
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Via: renproject.io/developers

Related News

Cross-chain network Ren goes live with version 2 of RenBridge
Networks & Protocols

Cross-chain liquidity network Ren goes live with version 2 of RenBridge

02/16/2021
NUTS Finance integrates RenVM to streamline BTC cross-chain exchange
Networks & Protocols

NUTS Finance integrates RenVM to streamline BTC cross-chain exchange

12/23/2020
RenVM’s first smart wallet integration with Pillar is now live
Wallets

RenVM’s first smart wallet integration with Pillar is now live

12/22/2020
Cross-blockchain exchange protocol Ren steps away from mainnet rollout
Networks & Protocols

Cross-blockchain exchange protocol Ren steps away from mainnet rollout

03/26/2020
Delta Exchange lists REN perpetual contract with10x leverage
Token Offerings/Listings

Delta Exchange lists REN perpetual contract with up to 10x leverage

03/11/2020
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

03/01/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Komodo's AtomicDEX stress test proves success as a scalability solution

Komodo’s AtomicDEX proves success as a scalability solution with stress test complete

02/26/2021
Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

03/02/2021
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Crypto exchange BiKi cooperates with Hacken on security test

Crypto exchange BiKi cooperates with Hacken on security test

03/02/2021
Binance makes strategic investment in crypto hedge fund Multicoin Capital

Binance makes strategic investment in crypto hedge fund Multicoin Capital

03/02/2021
Crypto investment platform Unchained Capital closes $5.5M funding round

Crypto investment platform Unchained Capital closes $5.5M funding round

03/02/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version