Saber x Ren Collaboration
Saber launches the first BTC stable pool on Solana with Ren.
Saber is announcing an integration and partnership with Ren, an open protocol that enables the movement of value between blockchains. Two weeks ago, Ren launched support for a variety of crypto assets on Solana, including renBTC, via their RenBridge.
Starting today, users will be able to trade both renBTC and wBTC (Sollet) using Saber’s low slippage stableswap AMM. Additionally, investors can earn returns from trading fees by supplying liquidity to the renBTC-wBTC pool.
Saber’s renBTC-wBTC pool is the first optimized liquidity pool for tokenized bitcoin on Solana. They’re excited to provide the community with a way to earn passive yield while maintaining exposure to bitcoin.
Lastly, they’re exploring a native renJS integration that allows direct BTC deposits/withdrawals into Saber. More to come on this soon!
“One of the core goals of Saber has been to provide the liquidity foundation for the interoperable future of crypto. We’re thrilled to be supporting Ren’s vision of connecting all blockchains, and we plan to continue listing even more of their assets in the near future.” – Dylan Macalinao, Co-Founder of Saber
“Optimized BTC liquidity pools have been an integral tool for bootstrapping liquidity, so we are excited to see it go live on Saber. It will serve as a foundational component in our ability to bolster fluid interoperability for the Solana Ecosystem and ultimately provide more utility for all stakeholders involved.”— Michael Burgess, COO, Ren
What is Saber?
Saber is a Solana-based DeFi protocol allowing anyone to securely trade and earn with pegged assets, like stablecoins and tokenized bitcoin. Saber’s automated market maker technology is algorithmically engineered to offer the best prices for traders. Investors on the platform earn interest on their deposits through trading fees and automated strategies.
What is Ren?
Ren is an open protocol that enables the movement of value between blockchains.
📰 INFO:
