On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The new bridge will allow Ren’s ERC-20 representations of BTC, BCH, DOGE, FIL, LUNA, ZEC, and DGB can now be transferred onto the Polygon network.
The launch of the new Polygon x RenVM Bridge was announced to Twitter by Polygon on May 28, who emphasized the bridge will allow Bitcoin and other assets to be used on the high-speed and low-cost layer-two.
Ren and Polygon have teamed up to launch a bridge allowing BTC and other assets to be transferred between Bitcoin and the Ethereum scaling solution.
Excited to announce the launch of a direct bridge to Polygon by @renprotocol!
— Polygon (previously Matic) (@0xPolygon) May 27, 2021
With the Polygon x RenVM Bridge, users can move #BTC and many more assets directly to Polygon, enabling high-speed, low-cost txns for these assets.
Start bridging now: https://t.co/91xPP2E2cp pic.twitter.com/E9AkveROGR
Ren’s ERC-20 representations of Bitcoin, Bitcoin Cash, Dogecoin, Filecoin, Terra, Zcash, and DigiByte can now be used on the Polygon network. The assets can already be traded and pooled on top Polygon-based DEX, QuickSwap, with the team also hinting at future yield opportunities for the tokens on Polygon deployments of Curve Finance and BadgerDAO.
Speaking to Cointelegraph, a Ren representative indicated the team plans to launch more bridges to high-speed scalable networks in the near future.
Since launching the RenVM one year ago, Ren has emerged as a leading portal allowing wrapped versions of Bitcoin, Bitcoin Cash, Zcash, and other layer-one assets to be traded on the Ethereum mainnet. Roughly $246.3 million worth of assets were bridged using RenVM over the past seven days.
According to DeFi Llama, the RenVM is currently the 30th-largest decentralized finance protocol with a total value locked, or TVL, of $573 million.
Polygon has recently emerged as the leading layer-two scaling solution by TVL and the second-largest DeFi protocol overall with roughly $10.3 billion worth of assets currently held on the network. On May 25, it was announced that famed billionaire investor Mark Cuban had invested in Polygon.
However, competition among layer-twos is heating up, with Arbitrum targeting its mainnet launch for May 28, and Optimism aiming to go live in July.
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