Ren Protocol is a decentralized interoperability solution that enables cross-chain asset transfers without requiring centralized intermediaries. Launched in 2020, Ren Protocol allows users to bridge Bitcoin (BTC), Ethereum (ETH), and other assets across different blockchains, enhancing liquidity and accessibility in decentralized finance (DeFi).
Ren Protocol's native token, REN, is used for network security, transaction fees, and governance.