Ren (REN)

The Ren Network is a decentralized protocol comprised of virtual devices known as Ren dark nodes that provide network interoperability to enable cross-chain lending, exchanges, and other services between various DeFi protocols. Ren uses a multi-party computation algorithm as a consensus protocol, while the Ren Virtual Machine (RenVM) directly improves liquidity on the Ethereum Network. This feature allows the platform to lock assets on-chain and mint them one at a time. The Ren Network employs its own native token (REN), which primarily serves as a payment token within the network.