“That was the major thing that we really wanted to solve: How can we get privacy end to end, from the moment you submit the order to the moment that you have those funds settled? That whole process should be completely private.”
Loong Wang is the CTO of Ren, a project working to create an ecosystem for unstoppable privacy. The protocol allows users to transfer tokens in zero-knowledge, trustlessly swap between blockchains, and trade on a dark pool. Today, Loong joins us to explain how the need for a decentralized financial infrastructure inspired the launch of Ren and discuss the evolution of the project, from developing RenEx on the protocol to their current work on end-to-end privacy via RenVM.
Loong shares the secure multiparty computation Ren is using to build an order book inside the protocol as well as the potential use cases beyond order matching. We cover Ren’s go-to-market-strategy involving communication with the various blockchains and decentralized finance projects, and Loong offers insight on integrating Ren’s tech into existing liquidity pools. Listen in to understand Loong’s hope that Ren will break down the current silos in decentralized finance and learn what differentiates Ren from other privacy solutions!
Today’s Topics
[0:46] How the need for a decentralized financial infrastructure inspired the launch of Ren
[2:37] The idea behind RenEx as a model that informs others how they might build their own systems
[4:26] The advantages of building a Dark Pool on the blockchain in terms of decentralization and privacy
[8:01] How RenVM grew out of a need for end-to-end privacy
[10:12] How Loong’s team is building an order book inside the protocol with secure multiparty computation
[13:24] How Ren allows applications to choose their own parameters for matching orders
[14:23] The financial incentive Ren leverages to prevent bad behavior
[15:54] The advantage of having geographically distributed nodes
[16:28] How RenVM moves beyond order matching to open up other use cases around private, interoperable liquidity
[18:25] Ren’s SwapperD tool for cross-chain atomic swaps and their unique approach to user experience
[20:10] How Ren is improving on secure, multiparty computation techniques to make them suitable for a decentralized setting
[21:00] How RenVM is more efficient and cheaper than other methods, despite being computationally intensive
[21:54] The peer-to-peer communication and smart contract layers Ren built to connect RenEx and RenVM
[23:07] The role of the REN token
[23:35] Ren’s current work to facilitate cross-chain trading that cannot fail
[25:52] Ren’s partnership with AZTEC
[27:54] How Ren’s go-to-market strategy involves communication with various blockchains, decentralized finance projects and the crypto community
[30:06] Loong’s insight on integrating Ren’s tech into existing liquidity pools
[31:08] Ren’s go-to-market strategy with trading desks
[32:17] How Loong views the competitive landscape for Ren in terms of other interoperability and privacy solutions and what differentiates Ren
[34:41] Why Loong is not concerned about the possibility of Ethereum developing a native privacy function
[36:01] Why Ren is employing a flexible regulatory strategy
[38:33] Loong’s hope that RenVM will break down the silos in decentralized finance
[40:43] The potential use cases for RenVM outside the finance space
[42:20] Ren’s current team of 12 and the project’s intention to stay slim
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