Episode 7 - The Future of Bitcoin as an Ethereum Token with Loong Wang

The Ethereal Podcast

In Episode 7 of the Ethereal Podcast, DeFi Dad interviews Ren Protocol CoFounder and CTO, Loong Wang.
The RenVM aims to provide access to inter-blockchain liquidity for all decentralized applications. It has gained lots of attention from the Ethereum DeFi community for enabling a trustless swap of BTC to renBTC, which is an ERC20 token you can then utilize in Ethereum applications like Uniswap, 1inch.exchange, and Curve Finance, along with the promise of future direct deposits of BTC into lending, borrowing, and trading apps like Compound, Maker, and TokenSets. As of May 28, 2020, there is just under $50M in BTC tokens on Ethereum so unlocking this frictionless migration of BTC value onto Ethereum is a big deal and should become a norm in the coming year, leading to increased liquidity in DeFi and total value deposited into Ethereum smart contracts.
This podcast was recorded a week before the RenBridge went live on Ethereum Mainnet so there is some brief discussion about the anticipation of the Ren release, which is now available for anyone to use on Ethereum at bridge.renproject.io.
To learn more about the RenVM, visit renproject.io and follow the @renprotocol on Twitter.
Ask questions in the Ren Telegram channel at https://t.me/renproject.
Follow Loong Wang on Twitter at @bzlwang.
Watch Loong's talk from the Ethereal Virtual Summit 2020 here: https://youtu.be/gPXBiDKR2IM
Watch DeFi Dad's video tutorial swapping BTC to mint renBTC here: https://youtu.be/kO0672RJL-Q
Watch a more detailed DeFi Dad tutorial on how to swap BTC to renBTC to WBTC to open a Maker loan here: https://youtu.be/XvWRDlcTipg