Ren, an open protocol that enables the movement of value between blockchains, has announced its next integration of RenVM with NUTS Finance, a blockchain development DAO. acBTC, NUTS first dApp now supports native BTC deposits via RenJS. This new feature streamlines the BTC cross-chain process and the minting of acBTC into a single transaction, providing an optimal experience for users.
acBTC is a composite Bitcoin solution on Ethereum, designed to unite ERC20 BTC to maximize usability and interoperability across blockchain networks. The acBTC ecosystem integrates native Bitcoin and ERC20 BTC with a swap, savings, and lending apps into one secure, efficient, and usable standard.
“RenVM provides a seamless user experience for bridging BTC liquidity onto the Ethereum network in a permissionless setting. We look forward to further leveraging the robust product suite by Ren to increase adoption and usability for ERC20 BTC.”
– Terry Lam, Co-Founder of NUTS Finance