|Total Value Locked||24H|
|in ETH||152.9K ETH||+2.3%|
|in BTC||9.8K BTC||-1.3%|
|renBTC Locked||9.87K renBTC||-0.6 renBTC|
|% Supply Locked||< 0.01%|
RenVM, released in May 2020, is a Byzantine fault-tolerant protocol that facilitates ECDSA threshold key generation and signing via sMPC. This provides interoperability for decentralized finance (DeFi), by allowing anyone to seamlessly bridge digital assets to and from the DeFi ecosystems. The easiest way to imagine RenVM is that of a network that holds your digital assets, as they move between blockchains. Let’s use BTC as an example; you give BTC to RenVM, it holds that BTC, and it mints that BTC as an ERC20 (renBTC) on Ethereum with 1:1 ratio, ensuring your renBTC is always backed by the same amount of BTC. This process applies to all digital assets RenVM supports. RenVM currently supports BTC, BCH, FIL, DOGE, DGB, LUNA, and ZEC to Ethereum & BSC but is capable of supporting any digital assets that utilize ECDSA private keys.
The most popular place to use RenVM is RenBridge. There you can mint and burn BTC, BCH, DOGE, LUNA, and ZEC on Ethereum & BSC. More assets will be added to RenBridge as they are integrated into RenVM.
Following its stated goal to establish standards that the community can stand behind, DeFi Pulse (through Pulse Inc) has developed different methodologies to tackle the market’s increased interest in tokenized indices, which are spreading wildly across DeFi and becoming more and more popular every day. Today, the second product of the FLI series, the Bitcoin …
The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. This week in this installment in our Founder Fireside Chat series, we talked with Nour Haridy, Founder of Inverse Finance, about not …
The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. This week in our Founder Fireside Chat series, we had the opportunity to chat with Mervyn Chng, Co-founder of Unagii, who’s team …
The Flexible Leverage Index (FLI) lets you leverage a collateralized debt position in a safe and efficient way, by abstracting its management into a simple index, reproducible by a fully-collateralized ERC20 token built on Set Protocol. The Flexible Leverage Index (FLI, pronounced “fly”) lets you leverage a collateralized debt without having to manage a collateralized …