NUTS Finance integrates RenVM to streamline BTC cross-chain exchange

Share on facebook
Share on twitter
Share on linkedin
Share on print
Share on email

Ren, an open protocol that enables the movement of value between blockchains, has announced its next integration of RenVM with NUTS Finance, a blockchain development DAO. acBTC, NUTS first dApp now supports native BTC deposits via RenJS. This new feature streamlines the BTC cross-chain process and the minting of acBTC into a single transaction, providing an optimal experience for users.

acBTC is a composite Bitcoin solution on Ethereum, designed to unite ERC20 BTC to maximize usability and interoperability across blockchain networks. The acBTC ecosystem integrates native Bitcoin and ERC20 BTC with a swap, savings, and lending apps into one secure, efficient, and usable standard.

“RenVM provides a seamless user experience for bridging BTC liquidity onto the Ethereum network in a permissionless setting. We look forward to further leveraging the robust product suite by Ren to increase adoption and usability for ERC20 BTC.”
– Terry Lam, Co-Founder of NUTS Finance

acBTC, a composite Bitcoin solution on Ethereum aggregates swap, savings, and lending applications into a single platform


Leave a Replay