RenVM Integrates with Solana for Interoperability

This post was originally published on RenVM

A direct bridge for BTC and more is now live on Solana

We are very excited to announce that the RenVM x Solana integration is live!

RenBridge

With Solana x RenVM support, anyone can now mint and burn the below assets. This is a direct bridge from native chains to Solana, thus allowing deposits/withdrawals to and from Solana with minimal fees.

Native Assets on Solana

$renBTC | Bitcoin (BTC) on Solana
$renBCH | Bitcoin Cash (BCH) on Solana
$renDGB | DigiByte (DGB) on Solana
$renDOGE | Dogecoin (DOGE) on Solana
$renLUNA | Terra (LUNA) on Solana
$renZEC | Zcash (ZEC) on Solana
$renFIL | Filecoin (FIL) on Solana

Bridging Assets to and from Solana | RenBridge & Wallet Support

Now that the integration is live, users can bridge assets through RenBridge. BTC, ZEC, BCH, and DOGE are supported initially with the others going live soon after. Prior to bridging these assets, users should follow these steps:

  1. Ensure you have a Solana Wallet set up. Either Phantom or Sollet.
    *Phantom has a great UX, so we’d encourage that. If using Phantom, users can use the “RENVM” download code.
  2. Make sure you have $SOL in your Wallet (for the TX fees). You can acquire $SOL from a CEFI exchange and then send it to your wallet address.
  3. Once you acquire a wallet and $SOL, you can now use RenBridge:
    https://bridge.renproject.io/mint
  4. Select the asset you want to bridge and follow the prompts on the RenBridge UI. Sign the Solana TX, which automatically adds the Ren-asset to your wallet.
  5. Wait the appropriate amount of time for the blockchain’s confirmations (wait time depends on the digital asset sent).
  6. Sign SOL TX via Wallet that pops up (pay for TX).
  7. Ren-asset will show up in your wallet!

Solana (Mainnet SPL Token Contracts):
renBTC: CDJWUqTcYTVAKXAVXoQZFes5JUFc7owSeq7eMQcDSbo5
renBCH: G1a6jxYz3m8DVyMqYnuV7s86wD4fvuXYneWSpLJkmsXj
renDGB: FKJvvVJ242tX7zFtzTmzqoA631LqHh4CdgcN8dcfFSju
renDOGE: ArUkYE2XDKzqy77PRRGjo4wREWwqk6RXTfM9NeqzPvjU
renLUNA: 8wv2KAykQstNAj2oW6AHANGBiFKVFhvMiyyzzjhkmGvE
renZEC: E99CQ2gFMmbiyK2bwiaFNWUUmwz4r8k2CVEFxwuvQ7ue

biswap

Once you bridge your assets you can then put them to work, to learn more continue reading below 👇

Putting Ren-assets to work on Solana

Ren will be working to ensure Ren-based assets are adopted throughout the entire Solana Ecosystem on various AMMs and lending platforms such as: Saber, Serum, Solaris, Step Finance, Anchor, Jet Protocol, Mango, Oxygen, Phantom Wallet, and more.

As always, any grassroots community support for Ren-based assets is very useful. So to help out, please lobby for Ren-assets to be adopted throughout all various dApps on Solana. As each platform goes live, we’ll have corresponding announcements.

Developers | Building Cross-Chain dApps on Solana with RenJS

Third-party developers can now build Cross-Chain dApps on Solana with the RenJS SDK. This will be updated over the coming weeks with Solana-specific tutorials to make the process as smooth as possible for developers.

You can get started below 👇

Welcome | Ren Client Docs

Looking Forward | Growing the Solana Ecosystem with RenVM

Solana brings a unique set of features to the layer one space, along with a growing ecosystem and community. Given our relationship with Alameda, we’ll be working with Solana throughout the remainder of 2021 to greatly expand utility for both protocols.

This is another key step in Ren’s larger vision of connecting all blockchains, ultimately allowing the fluid movement of liquidity throughout the blockchain ecosystem. We’ll continue to keep both communities abreast of progress as it is achieved but in the meantime, be sure to follow both organizations on Twitter for any relevant updates.

Onwards and upwards,
— Michael Burgess, COO

About Solana

Solana is the most performant blockchain in the world. It gives developers the confidence to build for the long term by delivering predictable scaling without compromising security or composability. Solana’s performance is driven by intra-shard parallelism, which is capable of processing thousands of smart contracts at once, and by Proof of History, an innovation in distributed timekeeping that unlocks low-latency, sub-second finality across the global state. To learn more, please visit https://solana.com/

Twitter | Telegram | Reddit | Youtube | Medium | VK | Weibo | Blockfolio

About‌ ‌Ren‌ ‌

Ren‌ ‌is‌ ‌an‌ ‌open‌ ‌protocol‌ ‌that‌ ‌enables‌ ‌the‌ ‌movement‌ ‌of‌ ‌value‌ ‌between‌ ‌blockchains.‌ ‌

Website‌‌ ‌|‌‌ ‌Docs‌‌ ‌|‌‌ ‌Telegram‌‌ ‌|‌‌ ‌Announcements‌‌ ‌|‌‌ ‌Twitter‌‌ ‌|‌‌ ‌Reddit‌‌ ‌|‌‌ ‌Github‌ ‌


RenVM Integrates with Solana for Interoperability was originally published in Ren Project on Medium, where people are continuing the conversation by highlighting and responding to this story.

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