Ren, an open protocol that permits the motion of worth between blockchains, has introduced its subsequent integration of RenVM with NUTS Finance, a blockchain improvement DAO. acBTC, NUTS first dApp now helps native BTC deposits through RenJS. This new characteristic streamlines the BTC cross-chain course of and the minting of acBTC right into a single transaction, offering an optimum expertise for customers.
acBTC is a composite Bitcoin answer on Ethereum, designed to unite ERC20 BTC to maximise usability and interoperability throughout blockchain networks. The acBTC ecosystem integrates native Bitcoin and ERC20 BTC with a swap, financial savings, and lending apps into one safe, environment friendly, and usable customary.
“RenVM offers a seamless person expertise for bridging BTC liquidity onto the Ethereum community in a permissionless setting. We stay up for additional leveraging the strong product suite by Ren to extend adoption and value for ERC20 BTC.”
– Terry Lam, Co-Founding father of NUTS Finance
acBTC, a composite Bitcoin answer on Ethereum aggregates swap, financial savings, and lending functions right into a single platform