RenVM Integration With Avalanche

An open protocol that enables the movement of value between blockchains, Ren Protocol announced integrations with Avalanche, an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem.

With Avalanche and RenVM Bridge support, anyone can mint and burn the below assets on Avalanche. This is a direct bridge so users do not need to go through Ethereum, thus allowing direct deposits/withdrawals to and from Avalanche with minimal gas fees.

Native Assets on Avalanche

• $renBTC | Bitcoin (BTC) on Avalanche
• $renBCH | Bitcoin Cash (BCH) on Avalanche
• $renDGB | DigiByte (DGB) on Avalanche
• $renDOGE | Dogecoin (DOGE) on Avalanche
• $renFIL| Filecoin (FIL) on Avalanche
• $renLUNA | Terra (LUNA) on Avalanche
• $renZEC | Zcash (ZEC) on Avalanche

Building Cross-Chain dApps on Avalanche with RenJS
Third-party developers can now build Cross-Chain dApps on Avalanche with the RenJS SDK. This will be updated over the coming weeks with Avalanche-specific tutorials to make the process as smooth as possible for developers.

“Interoperability is key in compounding the growth of decentralized finance. More and more smart contract-enabled blockchains will launch, and it will be up to the users to decide, which platform works best for them. RenVM’s seamless, trustless bridge will make this decision substantially easier. I’m excited to see what assets DeFi users choose to bring over to Avalanche”.
— Jay Kurahashi-Sofue, VP of Marketing at Ava Labs

Avalanche and RenVM support, both protocols will benefit substantially. Avalanche will gain more utility and RenVM will see even more velocity flow through the ecosystem.

ABOUT Avalanche
Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.

ABOUT Ren Protocol
Ren is an open protocol that enables the movement of value between blockchains.

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