There has been a bridge from Zcash to Ethereum for over a year now through Ren, with gradually increasing liquidity over time in the Ethereum DeFi space, and earlier this year a bridge to Binance Smart Chain opened up. Right now, Ren is also adding support for a host of new platforms, meaning support for ZEC to go to that chain, so far adding Polygon (https://polygon.technology/), Fantom (https://fantom.foundation/), and Avalanche (https://www.avax.network/). Additionally, these chains are planned to get support throughout the next few weeks:
- Solana (https://solana.com/)
- Arbitrum (https://offchainlabs.com/)
- Moonbeam (https://moonbeam.network/)
I’ve also put up a few liquidity pools on the newly released chains (to view the pools properly you need to be connected to the given network on MetaMask):
As all of you know, the key to success in DeFi is liquidity - without it, you can’t do anything. So until we have worked out ways where liquidity on one platform can be shared with other platforms (which we are working on), e.g. liquidate ZEC collateral on one chain by trading it on a liquidity pool that lives on another chain, we are faced with a choice of which platforms to focus liquidity build-up on. Because little liquidity on multiple platforms is much less efficient than more liquidity on fewer.
So what are people’s thoughts on this? Any preferred platforms or projects the Zcash community would like to work with?
Just also want to highlight that we at Ren are following the development of Zcash-Shielded Assets (ECC exploring Zcash-Shielded Assets - Electric Coin Company), and it could be possible that we could bridge BTC and USD stablecoins to Zcash, but it will ofc depend on the final implementation of ZSAs and whether it fits with how RenVM signs transactions.