Ren – the crew behind the interoperability blockchain undertaking RenVM – has joined with Alameda Analysis, based on a a weblog submit revealed Fe
Ren – the crew behind the interoperability blockchain undertaking RenVM – has joined with Alameda Analysis, based on a a weblog submit revealed Feb. 2.
Previously often known as Republic Protocol, Ren acts as a bridge between varied blockchain belongings by way of a custodial node answer.
Within the weblog, Ren CEO Taiyang Zhang mentioned Ren has begun engaged on assist for the Solana blockchain with the intent of porting Ethereum-based ERC-20 belongings and ether (ETH) to that blockchain. Sam Bankman-Fried is CEO of each Alameda Analysis and buying and selling platform FTX.
“The Ren growth crew will probably be prioritising assist for Solana in our Multichain libraries, and in RenVM itself,” the weblog states. “This assist is at present underneath audit, and we anticipate that we will start bridging belongings to/from Solana in Q2. Doing so could have a profound impression on Serum, but additionally on the broader Solana ecosystem.”
This isn’t the primary DeFi undertaking to affix the Alameda and FTX crew. Uniswap competitor Sushiswap additionally partially got here underneath the group’s umbrella after keys controlling the undertaking had been transferred to FTX CEO Bankman-Fried in September 2020.