renBCH
E773511
renBCH is a tokenized representation of Bitcoin Cash on the Ethereum network, created by RenVM to enable cross-chain liquidity and DeFi use cases.
Statements (36)
| Predicate | Object |
|---|---|
| instanceOf |
ERC-20 token
ⓘ
tokenized crypto asset ⓘ wrapped Bitcoin Cash token ⓘ |
| assetType | crypto token ⓘ |
| backedBy | locked BCH on Bitcoin Cash network ⓘ |
| basedOn | Bitcoin Cash NERFINISHED ⓘ |
| bridgeMechanism | RenVM darknodes NERFINISHED ⓘ |
| category |
cross-chain asset
ⓘ
wrapped token ⓘ |
| chainType | Ethereum mainnet NERFINISHED ⓘ |
| createdBy | RenVM NERFINISHED ⓘ |
| custodyModel | decentralized custody via RenVM ⓘ |
| ecosystem |
Ethereum DeFi ecosystem
ⓘ
Ren ecosystem ⓘ |
| enables |
DeFi use cases
ⓘ
cross-chain liquidity ⓘ |
| issuerProtocol | RenVM NERFINISHED ⓘ |
| mintingProcess | lock BCH on Bitcoin Cash chain and mint renBCH on Ethereum ⓘ |
| network | Ethereum NERFINISHED ⓘ |
| peggedTo | BCH 1:1 (intended) ⓘ |
| primaryFunction | bring BCH liquidity to Ethereum ⓘ |
| redeemableFor | Bitcoin Cash (BCH) NERFINISHED ⓘ |
| redemptionProcess | burn renBCH on Ethereum and release BCH on Bitcoin Cash chain ⓘ |
| riskFactors |
RenVM protocol risk
ⓘ
bridge smart contract risk ⓘ peg stability risk ⓘ |
| securityModel | RenVM network of darknodes ⓘ |
| standard | ERC-20 NERFINISHED ⓘ |
| supports | permissionless minting and burning (via RenVM) ⓘ |
| symbolRepresents | Ren-wrapped Bitcoin Cash NERFINISHED ⓘ |
| underlyingAsset | Bitcoin Cash (BCH) NERFINISHED ⓘ |
| useCase |
DeFi trading
ⓘ
lending and borrowing ⓘ liquidity provision ⓘ yield farming ⓘ |
| wrappedFromChain | Bitcoin Cash mainnet NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.