Ren, a community-driven platform that powers Multichain projects, has integrated the services of the Kava ecosystem to provide BTC and cross-chain support.
The reason for doing this is not hard to fathom because the Kava network has seen massive growth in recent years.
This layer 1 blockchain on the Cosmos network has continued to build a better web3 despite market conditions.
In fact, over 23 protocols have joined the CosmosEVM through Kava.
And with Kava 11, their latest upgrade, more are expected to join because it’s packed with fully convertible staking that will boost the network’s TVL.
The Ren network is a protocol that enables projects to go multichain, with an on-chain transparency system quickly.
On this platform, it is easy to wrap and bridge cryptocurrency assets. So far, they support over 10 chains and more than 29 assets.
To unlock a native cross-chain UX, many projects have integrated with this platform.
And so far, there has been a 12.02billion volume of total transactions and over 133 million value minted.
In addition, there is a 15% APY for running a dark node.
Both the Kava and Ren networks are happy with this integration. The Kava network is optimistic and looking forward to what Ren will accomplish with the power of CosmosEVM.
For them, builders on their network can easily leverage RenVM to create a cross-chain user experience for assets like Ethereum (ETH).
In addition, by adding over 30 assets and over 9 chains to the Kava network, Ren will make them go fully multi-chain.
Furthermore, combining the versatility of Kava, which is the fastest growing DeFi ecosystem, with RenVM will transform them into a web giant.
Finally, we anticipate the launch of Kava 11, which is scheduled to launch on September 8, 2022.
