What is renZEC? RenZEC is a decentralized wrapped version of zcash on Ethereum which can be minted and redeemed by anyone.
Why? The pool currently has only 25$k in liquidity which the only pool across all dexes with liquidity (according to 1inch). This isn't enough to use renZEC as a novel way to mix funds and gain privacy on Ethereum.
Example use case: You have a Ethereum address with a awkward amount of eth, lets say 45.8 eth. Mixing that would require 4x 10 eth and 5x 1 eth mixes with tornadocash. And have some eth left over aswell. But with a liquid renZEC pool you would only need 1 mix of 0.1 eth to get a private address to pay for gas and use zcash to mix the rest.
Pros
Cons
renVM: https://renproject.io/ Also Zook seemed excited by the what this pool could enable :slight_smile: : https://twitter.com/zooko/status/1283861008143003649
What is renZEC? RenZEC is a decentralized wrapped version of zcash on Ethereum which can be minted and redeemed by anyone.
Why? The pool currently has only 25$k in liquidity which the only pool across all dexes with liquidity (according to 1inch). This isn't enough to use renZEC as a novel way to mix funds and gain privacy on Ethereum.
Example use case: You have a Ethereum address with a awkward amount of eth, lets say 45.8 eth. Mixing that would require 4x 10 eth and 5x 1 eth mixes with tornadocash. And have some eth left over aswell. But with a liquid renZEC pool you would only need 1 mix of 0.1 eth to get a private address to pay for gas and use zcash to mix the rest.
Pros
Cons
renVM: https://renproject.io/ Also Zook seemed excited by the what this pool could enable :slight_smile: : https://twitter.com/zooko/status/1283861008143003649
wbtc/eth is already a pool collecting rewards. renBTC seem pretty liquid But tBTC could use some love
Well that is why i want it to be added so people would ad liquidity so other can trade!
Yes afaik it would.
But my theory is that people want to trade zcash in a decentralised way. And that the renZEC pool on uniswap would be great for that! So incentivizing liquidity could help with that.
Also users are sticky so those from the zcash community might stick around to use uniswap more. Which if the fee switch is set to this pools means that uni holders can earn revenue for this activity.
Yes afaik it would.
But my theory is that people want to trade zcash in a decentralised way. And that the renZEC pool on uniswap would be great for that! So incentivizing liquidity could help with that.
Also users are sticky so those from the zcash community might stick around to use uniswap more. Which if the fee switch is set to this pools means that uni holders can earn revenue for this activity.
Also zooko and the zcash forum seem excited by renZEC potentially being added to maker! https://twitter.com/zooko/status/1310665300677857280?s=19
$Core?
Its right there man.
Wish i had that kinda cash to submit it. But care to elaborate why such a strong no?
wbtc/eth is already a pool collecting rewards. renBTC seem pretty liquid But tBTC could use some love
Well that is why i want it to be added so people would ad liquidity so other can trade!
Yes afaik it would.
But my theory is that people want to trade zcash in a decentralised way. And that the renZEC pool on uniswap would be great for that! So incentivizing liquidity could help with that.
Also users are sticky so those from the zcash community might stick around to use uniswap more. Which if the fee switch is set to this pools means that uni holders can earn revenue for this activity.
Yes afaik it would.
But my theory is that people want to trade zcash in a decentralised way. And that the renZEC pool on uniswap would be great for that! So incentivizing liquidity could help with that.
Also users are sticky so those from the zcash community might stick around to use uniswap more. Which if the fee switch is set to this pools means that uni holders can earn revenue for this activity.
Also zooko and the zcash forum seem excited by renZEC potentially being added to maker! https://twitter.com/zooko/status/1310665300677857280?s=19
$Core?
Its right there man.
Wish i had that kinda cash to submit it. But care to elaborate why such a strong no?
no pls no but submit a proposal and ill vote
no pls no but submit a proposal and ill vote
it will dilute other whales (like yearn) pharming the stable coins pools? The rewards are divided over 4 pools and this is clarity for yield farmers. If you bring up many pools it will dilute them.
total liquidity 144k .... I think there are more important and liquid tokens out there. renBTC I'd understand and even consider as an idea but renZEC I don't.
it will dilute other whales (like yearn) pharming the stable coins pools? The rewards are divided over 4 pools and this is clarity for yield farmers. If you bring up many pools it will dilute them.
total liquidity 144k .... I think there are more important and liquid tokens out there. renBTC I'd understand and even consider as an idea but renZEC I don't.
