{"id":260120,"date":"2021-05-27T08:18:13","date_gmt":"2021-05-27T05:18:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ren-launches-bridge-to-polygon-for-seven-top-crypto-assets\/"},"modified":"2021-05-27T08:18:13","modified_gmt":"2021-05-27T05:18:13","slug":"ren-launches-bridge-to-polygon-for-seven-top-crypto-assets","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ren-launches-bridge-to-polygon-for-seven-top-crypto-assets\/","title":{"rendered":"# Ren launches bridge to Polygon for seven top crypto assets"},"content":{"rendered":"<p>&#8220;<strong># Ren launches bridge to Polygon for seven top crypto assets <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNDJkZGUyOWUtYzhkZS00YWIyLWFhNGMtM2EyYmY0NGMyMTljLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The launch of the new Polygon x RenVM Bridge was announced to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> by Polygon on May 28, who emphasized the bridge will allow Bitcoin and other assets to be used on the high-speed and low-cost layer-two.<\/p>\n<p>Ren and Polygon have teamed up to launch a bridge allowing BTC and other assets to be transferred between Bitcoin and the Ethereum scaling solution.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> Excited to announce the launch of a direct bridge to Polygon by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/renprotocol?ref_src=twsrc%5Etfw\">@renprotocol<\/a>!<\/p>\n<p> With the Polygon x RenVM Bridge, users can move <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> and many more assets directly to Polygon, enabling high-speed, low-cost txns for these assets.<\/p>\n<p> Start bridging now: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/91xPP2E2cp\">https:\/\/t.co\/91xPP2E2cp<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/E9AkveROGR\">pic.twitter.com\/E9AkveROGR<\/a><\/p>\n<p>\u2014 Polygon (previously Matic) (@0xPolygon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon\/status\/1397757635114328067?ref_src=twsrc%5Etfw\">May 27, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Ren\u2019s ERC-20 representations of Bitcoin, Bitcoin Cash, Dogecoin, Filecoin, Terra, Zcash, and DigiByte can now be used on the Polygon network. The assets can already be traded and pooled on top Polygon-based DEX, QuickSwap, with the team also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/renproject\/renvm-integrates-polygon-3deb27d00cc4\">hinting<\/a> at future yield opportunities for the tokens on Polygon deployments of Curve Finance and BadgerDAO.<\/p>\n<p>Speaking to Cointelegraph, a Ren representative indicated the team plans to launch more bridges to high-speed scalable networks in the near future.<\/p>\n<p>Since launching the RenVM one year ago, Ren has emerged as a leading portal allowing wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed versions of Bitcoin, Bitcoin Cash, Zcash, and other layer-one assets to be traded on the Ethereum mainnet. Roughly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/renprotocol\/status\/1397594429884665858\">$246.3 million<\/a> worth of assets were bridged using RenVM over the past seven days.<\/p>\n<p>According to DeFi Llama, the RenVM is currently the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/renvm\">30th<\/a>-largest decentralized finance protocol with a total value locked, or TVL, of $573 million.<\/p>\n<p>Polygon has recently emerged as the leading layer-two scaling solution by TVL and the second-largest DeFi protocol overall with roughly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/polygon\">$10.3 billion<\/a> worth of assets currently held on the network. On May 25, it was announced that famed billionaire investor Mark Cuban had invested in Polygon.<\/p>\n<p>However, competition among layer-twos is heating up, with Arbitrum targeting its mainnet launch for May 28, and Optimism aiming to go live in July.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ren-launches-bridge-to-polygon-for-seven-top-crypto-assets\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ren launches bridge to Polygon for seven top crypto assets &#8221; The launch of the new Polygon x RenVM Bridge was announced to Twitter by Polygon on May 28, who emphasized the bridge will allow Bitcoin and other assets to be used on the high-speed and low-cost layer-two. Ren and Polygon have teamed up&#8230;<\/p>\n","protected":false},"author":1,"featured_media":260121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNDJkZGUyOWUtYzhkZS00YWIyLWFhNGMtM2EyYmY0NGMyMTljLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[95119,4965],"class_list":["post-260120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-layer2","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/260120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=260120"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/260120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/260121"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=260120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=260120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=260120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}