Ren Protocol & Aztec Partnership Will Bring Privacy To Bitcoin
An open protocol that enables the movement of value between blockchains, Ren Protocol was thrilled to announced its partnership with Aztec order to bring renBTC into Aztec’s Private Rollup. Aztec’s flagship app zk.money enables fully private transactions on Ethereum through the Aztec Private Rollup. With zkrenBTC, users can now hold and send BTC privately, by depositing BTC into the RenBridge and shielding renBTC in zk.money.
COLLABORATION GOAL
- Native RenVM integration into zk.money via RenJS
- Aztec to be added to the Greycore. Ren to run Aztec Validators
To celebrate the launch and let users explore zkrenBTC, Aztec has subsidized all $renBTC transaction fees on the platform until July 9th, 2021. (Initially, Aztec will hold a cap of 0.1 renBTC per transaction).
Aztec users can now shield and transact with renBTC on zk.money. The process is fairly straightforward:
- Deposit BTC into the RenBridge
- Receive renBTC (ERC-20 token)
- Connect your wallet to zk.money
- Shield renBTC in the app
- Get zkRenBTC
Aztec and Ren are excited to build together and create technology bridges that bring Ethereum to its next phase of scalability and usability. The partnership with Aztec will continue to be fruitful for both organizations by helping to expand each other’s networks and bring privacy features to the Ren Ecosystem.
ABOUT REN PROTOCOL
Ren is an open protocol that enables the movement of value between blockchains.
ABOUT AZTEC
Aztec is a Ppivate transaction network on Ethereum.
