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Ren Project Joins Forces With Alameda Research
Ren Project, an open protocol that facilitates value transfer between blockchains, has joined forces with quantitative trading firm Alameda Research. Ren Project said in a Medium post that it will be prioritizing support for the Solana blockchain as part of its new partnership with Alameda. They plan to bridge assets between Solana and Ren’s multi-chain…
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UMA & REN Team up for Bitcoin-Based Yield Dollar
UMA and Ren Protocol are teaming up to offer a Bitcoin-backed stablecoin. The price of UMA’s uUSD stablecoin will tend towards $1 as it approaches its maturity date, and will be redeemable for $1 of the collateral asset at expiry. In the meantime, the asset fluctuates in value in line with market demand. In the…