What is Renzec

Article Summary, Automatically Generated By AI

Summary

  • RenZEC: REN Tokenized ZEC
  • Asset custody: RenVM
  • Minting: ERC20 token on Ethereum at 1:1 value
  • Usage: Swaps, collateralization, trades, etc. within Ethereum ecosystem

About renZEC: Unlocking the Power of Zero-Knowledge Proofs

Introducing REN Tokenized ZEC: A Revolutionary Convergence of Privacy and Liquidity

Upon entering the custody of RenVM, an ERC20 token is minted on Ethereum at a 1:1 parity, thereby granting access to the full spectrum of Ethereum ecosystem functionalities, including swaps, collateralization, and trades, among others.

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