Friday, January 14, 2022

Rena Finance - DeFi’s First Volume-as-a-Service (VaaS) on Fantom

RENA:

Description: RenaSwap is a one-sided automated market maker-based decentralized token swap protocol which utilizes token wrappers, buy-only liquidity pairs, and circulating asset flows to amplify volume for all tokens integrated with RenaSwap. We call this Volume Aggregation as it gives new life to all participating projects in the form of increased volume, which attracts more liquidity, increasing incentives for Liquidity Providers. Its specialized design utilizes RENA, our deflationary ERC-20 utility token, to tap into the numerous capital flows moving through interoperating DEXs and share a percentage of those flows with ETH/RENA liquidity providers.

We view RenaSwap as a regenerative energy system where each component (in this case each token) receives greater benefit than that which is supplied to the system. RenaSwap creates this energy through generative trading volume, smart asset routing, token wrapping, and cross-DEX price spreading through rebalances. RenaSwap has a primary power source (arbitrage opportunity generator), a power distributor (RENA and rToken flow router), and a backup power source (the Rebalancers). RenaSwap's Volume Aggregation and asset recirculation adds volume, and therefore greater incentive for liquidity providers in the RenaSwap ecosystem as listed tokens and aggregate trading volume grow together. This is how Rena Finance's decentralized Volume-as-a-Service is achieved.


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