RenREN
Overview
What is Ren?
Ren is a non-custodial interoperability protocol built on Ethereum and other blockchains. Ren was founded by Tayiang Zhang & Loong Wang and launched in 2017. Ren is currently only in redeeming-mode, due to their exposure to the effects of Alameda Research's failure.
How does Ren work?
Overcollateralized nodes custody and transfer funds between blockchains and receive burn & mint fees from traders (supply-side fees).
Who governs Ren?
REN tokenholders own and govern the protocol. They do not currently take a cut of the total mint/burn fees paid by traders (revenue). Ren's investors include Polychain, FBG Capital, BlockVC, etc.
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.