Ren, an open protocol that permits the motion of worth between blockchains, immediately introduced that Badger Bridge has built-in RenVM. BadgerDAO, creators or Badger Bridge is a decentralized autonomous group (DAO) constructing merchandise to convey BTC to DeFi.
With this integration, BadgerDAO customers can now simply convert native Bitcoin (BTC) to renBTC, WBTC, or deposit bitcoin straight into BadgerDAO’s Vaults: bCRVrenBTC, bCRVsBTC, and so forth. with one click on.
Bridge Mining Program + Perks of Badger Bridge
Together with a extra seamless UX for customers, BadgerDAO is incentivizing the switch of as much as 100,000 BTC with practically $6M in consumer rewards. This would be the largest incentive program used to bridge bitcoin to Ethereum so far; with rewards for merely utilizing the bridge to mint and earn yield.
To place it merely, not solely will customers now be capable to seamlessly earn a yield on tokenized BTC instantly, however they may also get rewarded for doing so
BadgerDAO & WBTC.Cafe
To additional solidify the connection with BadgerDAO, the Ren group shall be transitioning WBTC.cafe over to the brand new Badger Bridge. As such, BTC.cafe’s site visitors will now route customers to the Badger Bridge.
This can facilitate additional decentralization for RenVM’s infrastructure, make Badger Bridge the go-to place for placing BTC to work, and helps from a UX perspective by consolidating this functionally for customers. The Cafe will start to redirect to Badger Bridge over the approaching days.
“We’ve been working with the BadgerDAO group since day one, so we’re excited to see this come to fruition as this integration supplies a basis upon which different future Badger merchandise might be constructed. Given this depth of collaboration, we anticipate to imitate this performance all through all DeFi Ecosystems, so maintain an eye fixed out for related merchandise on Binance Good Chain, Fantom, Solana, Polygon, and extra! BagderDAO would be the one-stop store for all issues Bitcoin in DeFi, a lot extra to come back. Onwards and upwards.”
– Ren COO, Michael Burgess