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Newly stay function of Ren can help and bridge nearly any asset on any blockchain » CryptoNinjas

Written by James Smith

Ren, a protocol enabling movement of value between blockchains, has introduced its Host 2 Host function is now stay on mainnet. With Host 2 Host, RenVM can help and bridge nearly any asset on any chain.

Some examples of the token varieties and potentialities Host 2 Host gives:

  1. Generic ERC-20 Tokens: Now, RenVM can transfer generic ERC-20s comparable to $MIM to any host chain supported comparable to Solana, Abriturm, Polygon, and so forth. (as $renMIM).
  2. LP Tokens: RenVM can also now transfer LP tokens from one chain to a different, that means if permitted RenVM can transfer $crvRenWBTC from Ethereum to Fantom for use as collateral for a stablecoin like $MIM (as rencrvRenWBTC).
  3. Cross-Chain Native Tokens: Furthermore, RenVM is ready to now transfer property native to different chains to every other host chain like $SBR (an SPL token, the Solana token commonplace) to chains comparable to Ethereum as an ERC-20 (as $renSBR).
  4. Native L1 Belongings: Lastly, RenVM can now transfer property which can be native to L1’s, comparable to $ETH, to different chains comparable to Solana within the type of $renETH (as an SPL token within the Solana case).

Preliminary property that RenVM helps may be discovered under (alphabetical order):

Native Blockchain Belongings

  • ArbETH = Arbitrum
  • AVAX = Avalanche
  • BNB = Binance Coin
  • ETH = Ethereum
  • FTM = Fantom
  • MATIC = Polygon (Matic)

ERC-20 Tokens

  • $BADGER = Badger DAO
  • $BUSD = Binance USD
  • $CRV = Curve
  • $DAI = Dai
  • $EURT = Euro Tether
  • $FTT = FTX
  • $KNC = Kyber Community
  • $LINK = Chainlink
  • $MIM = Magic Web Cash
  • $REN = Ren
  • $ROOK = KeeperDAO
  • $SUSHI = SushiSwap
  • $UNI = Uniswap
  • $USDC = USD Coin
  • $USDT = Tether

These ERC-20 and native chain property now have wrapped counterparts on all blockchains RenVM helps (e.g. $renMIM on Binance Good Chain, Polygon, Fantom, Avalanche, Arbitrum, and Solana). Token contracts for all property on all blockchains that RenVM helps may be discovered on GitHub.

These eager about experimenting with transferring these property can achieve this within the new RenJS V3 demo.

“With the arrival of Host 2 Host asset help, the Ren Core Dev staff wanted to fully overhaul RenJS, the Javascript library that permits third-parties and dApps to work together with, and use RenVM. These modifications are vital and have been the most important replace to RenJS up to now, making it a much more resilient and usable SDK for the ever-expanding cross-chain DeFi world.”
– The Ren Team

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James Smith

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