Value DeFi integrates RenVM to bring BTC and ZEC to Binance Smart Chain
Ren, an open protocol that enables the movement of value between blockchains, today announced its newest partnership with Value DeFi, an AMM built on Ethereum and Binance Smart Chain with integrated DEXs aggregator. Value DeFi originally launched on the Ethereum mainnet in August 2020 and expanded to the Binance Smart Chain (BSC) mainnet in February 2021.
This collaboration brings a number of firsts for RenVM, Value DeFi, and the Binance Smart Chain ecosystem including:
- First native RenVM integration on Binance Smart Chain (BSC).
- First Zcash stableswap pool ever (renZEC <-> ZEC-B).
- Third renBTC stableswap pool on Binance Smart Chain.
- Yield Farming ZEC and BTC vPegSwap Pools, first renZEC liquidity mining program.
“Our very first native RenVM integration on BSC allows a seamless UX for depositing and withdrawing BTC and ZEC directly on the Value DeFi platform. We’ve seen this type of integration drive greater utility for all parties involved, so we could not be more excited to pioneer this with the Value DeFi team.”
– The Ren Team
ZCash Stableswap Pool (renZEC <-> ZEC-B)
The first ZEC stableswap pool in history is now live on BSC. It allows users to trade renZEC to ZEC-B at very low slippage, along with providing ZEC holders an opportunity to earn a yield on their assets with little risk of impermanent loss. Further, this pool model is a foundation component for vaults and all other manners of DeFi products.
Bitcoin Stableswap Pool (renBTC <-> BTCB)
To further bootstrap BTC on BSC, the Value DeFi team has launched a renBTC <-> BTCB stableswap pool. This has all the attributes needed to jumpstart liquidity within the BSC ecosystem as it’s a foundation component to vaults and all other manners of DeFi products.
Yield Farming (renZEC/ZEC-B and renBTC/BTCB vPegSwap Pools)
To further incentivize both of these pools, Value DeFi has launched a ZEC and BTC Yield Farming program. Those who provide liquidity will earn both trading fees, as well as extra yield in ZEC and BTC during the yield farming campaign.
On April 27 at 8:00 AM UTC, renBTC/BTCB vPegSwap pool will get 1x vBSWAP emission which is roughly $15K daily for incentive, with 50% locked reward and vested in 3 months for 3 months. The renZEC/ZEC-B vPegSwap pool will get 0.1x emission as an incentive and distributed pro-rata with no lock reward.