Ren is a software protocol that is built to transfer cryptocurrencies between different blockchains. Ren utilizes a process known as “tokenized representation,” in which users lock their digital assets in smart contracts to effectively allow for these assets to function across the DeFi ecosystem, not just in their native environments. For example, users could place their bitcoins in the Ren system and in return receive ether to use on the Ethereum blockchain, including a number of DeFi products. Ren’s native token, REN, is traded on several exchanges and is earned by operators that help maintain the Ren network.