Overview

Ren became the first widely-used blockchain interoperability protocol with support for Bitcoin. It facilitated over $13 billion in cross-chain volume between 5 UTXO-based and 12 account-based blockchains, including the largest EVM chains, Solana, and Cosmos chains via Kava, allowing bitcoin holders to participate in DeFi for the first time. It laid a foundation to test ambitious ideas and assumptions about protocol design, user experience, and economic security. The data was crucial to our research and understanding of the design space and will motivate future iterations. We believe the first step toward accelerating the mass adoption of bitcoin as a global revolution in monetary policy is through a state-of-the-art interoperability protocol that's designed to meet the trust and security needs of bitcoin users and decentralized financial markets. We're actively providing funding to motivated researchers and developers as we develop Ren v2.