June 22, 2021

NUTS Finance incorporates RenVM to improve BTC cross-chain exchange

1 min read

Ren, an open protocol that allows the motion of worth between blockchains, has actually announced its next integration of RenVM with NUTS Finance, a blockchain advancement DAO. acBTC, NUTS initially dApp now supports native BTC deposits by means of RenJS. This brand-new feature improves the BTC cross-chain process and the minting of acBTC into a single transaction, providing an optimal user experience for users.

acBTC is a composite Bitcoin option on Ethereum, designed to unite ERC20 BTC to optimize functionality and interoperability across blockchain networks. The acBTC ecosystem incorporates native Bitcoin and ERC20 BTC with a swap, savings, and lending apps into one safe, efficient, and functional requirement.

“RenVM supplies a smooth user experience for bridging BTC liquidity onto the Ethereum network in a permissionless setting. We anticipate more leveraging the robust product suite by Ren to increase adoption and functionality for ERC20 BTC.”
– – Terry Lam, Co-Founder of NUTS Finance

< img loading="lazy"class ="size-full wp-image-101775"src ="https://www.cryptoninjas.net/wp-content/uploads/abbtcc.png"alt =" "width ="700"height ="526"srcset ="https://www.cryptoninjas.net/wp-content/uploads/abbtcc.png 700w, https://www.cryptoninjas.net/wp-content/uploads/abbtcc-439x330.png 439w, https://www.cryptoninjas.net/wp-content/uploads/abbtcc-300x225.png 300w "sizes =" (max-width: 700px) 100vw, 700px"/ > acBTC, a composite Bitcoin solution on Ethereum aggregates swap, savings, and loaning applications into a single platform.

CryptoNinjas” NUTS Finance incorporates RenVM to enhance BTC cross-chain exchange