The altcoin project that Binance, the world's largest cryptocurrency exchange, announced it would liquidate, broke its 10-month silence.
After 10 months of silence, Ren Protocol’s official X (formerly Twitter) account announced that Ren v2 will be released soon. The statement drew attention after the Binance delisting news.
It was stated that the new version will create a more comprehensive and sustainable impact compared to the previous version, Ren v1.
The protocol team stated that the new version will offer significant improvements in design and governance by leveraging the experience gained from Ren v1, and also aims to address fundamental limitations in the DeFi ecosystem. The following statements were included in the post:
Ren v2 is on its way. With a seven-person strong team, we are fully focused on this project and are confident that we will make a bigger and more sustainable impact on DeFi compared to Ren v1. With Ren v1, we aim to not only address the obvious protocol design and governance lessons learned by our community, but also address key constraints that we see as existential bottlenecks for the broader ecosystem. We look forward to rolling out the project and sharing what we have built very soon. It has been a challenging journey, but the brightest days for Ren lie ahead.
A few hours before the announcement, Binance announced that some tokens, including REN, would be removed from the exchange as of December 10. Following these developments, the REN community hopes that the project will regain its strength with the release of Ren v2.
