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Newly live feature of Ren can support and bridge almost any asset on any blockchain » CryptoNinjas

Ren, a protocol enabling motion of worth between blockchains, has introduced its Host 2 Host feature is now live on mainnet. With Host 2 Host, RenVM can support and bridge almost any asset on any chain.

Some examples of the token sorts and prospects Host 2 Host supplies:

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

Initial property that RenVM helps can be discovered beneath (alphabetical order):

Native Blockchain Assets

  • 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 Network
  • $LINK = Chainlink
  • $MIM = Magic Internet Money
  • $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 Smart Chain, Polygon, Fantom, Avalanche, Arbitrum, and Solana). Token contracts for all property on all blockchains that RenVM helps can be discovered on GitHub.

Those excited by experimenting with transferring these property can accomplish that within the new RenJS V3 demo.

“With the advent of Host 2 Host asset support, the Ren Core Dev team needed to completely overhaul RenJS, the Javascript library that allows third-parties and dApps to interact with, and use RenVM. These changes are significant and have been the biggest update to RenJS to date, making it a far more resilient and usable SDK for the ever-expanding cross-chain DeFi world.”
– The Ren Team

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