Ren Protocol Partners With Alameda to Bridge Solana Assets to DeFi

2021-2-3 18:34

Ren Protocol and Alameda Research have teamed up to bring more assets and liquidity to RenVM and integrate the widely-used Solana blockchain, bringing SOL assets to the DeFi space.

Ren Protocol Partnership Has Wider Implications

“We anticipate that we will be able to begin bridging assets to/from Solana in Q2. Doing so will have a profound impact on Serum, but also on the wider Solana ecosystem,” said the Ren Protocol team.

The team added that Solana’s support and integration into Serum “will help bring even more volume and users to RenVM,” as well as bringing more assets and liquidity. In return, Alameda will participate in Greycore to help speed up the RenVM decentralization process.

The partnership could have broader implications for the blockchain industry. The announcement read that “with the ability to move ETH and ERC20s between chains will come the ability to move SOL, SRM, and other Solana-native assets between chains,” clarifying that Solana would now be integrating into DeFi.

$REN looks giga bullish tbh.

im just charting everything against eth atm because thats what im most bullish on where majors are concerned and ren looks to me like its put in a major low against eth pic.twitter.com/of3clQAaJS

— 👨‍🌾Bluntz👨‍🌾 (@SmartContracter) February 2, 2021

The REN token has seen a 20% price spike in the last 24 hours, nearing an all-time high of $0.77 before settling back down at $0.68. REN was added to the Coinbase Custody vault in 2020.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

BlockMason Credit Protocol (BCPT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.04 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0195725 (-100%)

bridge solana assets defi alameda protocol partners

bridge solana → Результатов: 11


Фото:

Ren Partners with Alameda to Boost Solana (SOL) Cross-chain DeFi Interoperability

Decentralized finance (DeFi) cross-chain bridge protocol Ren is looking to promote DeFi interoperability by collaborating with crypto research and quantitative trading outfit Alameda. Meanwhile, Solana (SOL) has been seeing an uptick in activity as high transaction fees on Ethereum push DeFi traders to consider other blockchain alternatives. Ren Dev Team to Join Alameda Ren CEORead More

2021-2-3 21:00


Solana Targets Ethereum’s Scalability Issue by Introducing a Bridge called Wormhole

After launching DEX Serum, Solana Blockchain is now going for the heart of the problem. Today, Wormhole – a secure, trustless bridge connecting Ethereum to Solana is announced. With the DeFi frenzy, up until a few weeks ago, pushing the activity on Ethereum to new highs — fees to skyrocket and the network to clog […] The post Solana Targets Ethereum’s Scalability Issue by Introducing a Bridge called Wormhole first appeared on BitcoinExchangeGuide.

2020-10-8 19:59