REN Staking

As we are currently only tracking lending REN, you can lend REN with a custodial lending provider and earn an APY.

REN raised 34 Million in an early 2018 ICO where some investors where:

Polychain
Limitless Crypto Investments
Infinite Capital
Nathan Doctor
Hyperchain Capital
Huobi Capital
FBG Capital

Based of current lending rates you can earn a baseline APY around 3%.

This is a risk when lending to custodial lending providers, please research appropriately.

Ren Protocol is a permissionless and trustless protocol that allows users to transfer tokens across different blockchains. Ren’s core product, RenVM is focused on building an interoperability solution for Decentralized Finance (DeFi).

It was formerly known as Republic Protocol and originally wanted to be a “dark pool” decentralized exchange project. A “dark pool” is considered to be an exchange in which financial assets are first matched and then traded on an order book that is private.

REN tokens were originally used to pay for transactional fees and used as a bond by those running the Darknodes. The protocol rebranded itself in 2019 and focused on being a DeFi interoperability solution. Ever since then, REN is mainly used as a bond to operate the Darknodes. Darknodes function similarly to a validator node on a proof of stake blockchain.

Some of the core team members of REN include:

Taiyang Zhang – Co-founder of Ren

Loong Wang – CTO at Republic Protocol

Michael B. – Chief Operating Officer at Ren