Cross-Chain Protocol Ren 1.0 Network to be Sunset Within 30 Days

Cross-chain protocol Ren Protocol announced that Ren 1.0 network will be sunset within 30 days. It recommended users to bridge back their Ren-assets to their native chain as soon as possible.

Previously, Ren said that its development team only has funding until the end of Q4 due to Alameda's bankruptcy. Ren is currently in talks with investors to continue to drive development, aiming to launch a fully community-controlled network, Ren 2.0, as soon as possible.