CRYPTO MARKET / ASSET
renDOGE (RENDOGE)
Overview
renDOGE (RENDOGE) is a one for one representation of DOGE on Ethereum via RenVM. RenVM implements universal interoperability using the tokenised representation model. However, it introduces several advances that aim to solve many of the technical and economic problems in existing models. RenVM was created to replace the role of the trusted custodian with a decentralised custodian. This decentralised custodian is implemented using the RZL MPC algorithm, which can generate and manage ECDSA private keys without exposing them (not even to the machines that power RenVM). This improves on WDOGE and imDOGE by removing the need to trust a centralised custodian.
- A Framework for Application-Specific Bitcoin Bridges
RENDOGE Blog • December 30, 2023 - Introducing the Ren Foundation
RENDOGE Blog • September 25, 2023 - Moving on from Alameda
RENDOGE Blog • November 18, 2022
- Replying to @renprotocol: Check out the framework below to read more about this optimization problem. https://link.medium.com/nPMPKCGf4Fb
And stay tuned to hear how we'll be addressing it in Ren v2.
@renprotocol • January 3, 2024 - Replying to @renprotocol: Ideally, fees would remain low for productive liquidity and rise exponentially for unproductive liquidity.
@renprotocol • January 3, 2024 - Replying to @renprotocol: E.g., arbitrage becomes less rational as gas prices go up because of an NFT mint bloating the mempool.
Similarly, providing productive liquidity for traders that generate MEV becomes less rational as the continuous fee rises to disincentivize unproductive liquidity elsewhere.
@renprotocol • January 3, 2024
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UPDATED: 21/11/2024 09:31
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