Ren Protocol to Wrap DigiByte’s DGB token to renDGB to Empower Ethereum and DeFi Protocols Interoperability

After launching the RenVM mainnet in late May 2020, today (July 27, 2020), the Republic Protocol (REN) shared its plans to wrap DigiByte’s native token, DGB, to renDGB to enable interoperability with Ethereum’s ERC-20 and DeFi protocols. A permissionless tool, RenVM connects leading blockchain networks with Ethereum.

For interoperability, RenVM takes custody of non-Ethereum digital assets—DGB, to create corresponding ERC-20 assets (renDGB). With this partnership, DigiByte developers can continue improving the protocol while assured of interoperability with Ethereum through the RenVM.

Timeline of Digibyte, Ethereum, Ren