1inch to Launch Liquidity Mining Program with Ren

The liquidity aggregator from decentralised exchanges, 1inch, announced a collaboration with the tokenised Bitcoin project renBTC to launch a new liquidity program. ForkLog has learned this from representatives of the DeFi project.

Users will be able to trade and provide liquidity for all renBTC-based assets on the Binance Smart Chain.

The program will start on March 24 at 00:01 UTC. Up to April 21, 2021, liquidity providers will be allocated the equivalent of $20,000 in 1INCH and $20,000 in renBTC through the corresponding liquidity pool.

The following liquidity pools will also open:

• renBTC — BTC;
• renBCH — BCH;
• renDGB — DGB;
• renDOGE — DOGE;
• renZEC — ZEC.

Representatives from 1inch added that in the future they will add support for renFIL and renLUNA. The partners are also considering integrating the RenVM network into 1inch and liquidity mining programs for the assets renDBG and renZEC.

On March 16, the aggregator updated the 1inch Aggregation Protocol. The update is expected to reduce fees.

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