Market cap
$997.88K
1.13 %
Volume (24h)
$8.39
1.13 %
Circulating supply
18,220 RENZEC
Total supply
18,220 RENZEC
Max. supply
18,220 RENZEC
renZEC (RENZEC)
$ 54.77
1.13 %
Main info
News
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Key data
updated $0Market cap$997.88K
Volume 24h$8.39
Circulating supply18.22K100% of max 18.22K
renZEC (RENZEC) is a tokenized version of Zcash (ZEC) on the Ethereum blockchain, created via the Ren Protocol. It allows users to use ZEC in Ethereum's DeFi ecosystem while maintaining privacy features.
Frequently asked questions
What is renZEC and how is it different from Zcash?
renZEC is a wrapped version of Zcash (ZEC) that exists on Ethereum. Unlike native ZEC, which operates on its own blockchain, renZEC can be used in Ethereum-based DeFi applications while retaining Zcash's privacy features.
How does renZEC's technology work?
Ren Protocol locks ZEC in a secure vault and mints an equivalent amount of renZEC on Ethereum. The process is reversible, allowing users to convert renZEC back to native ZEC when needed.
How is renZEC created and circulated?
renZEC is minted when users deposit ZEC into Ren's custody. The supply is always 1:1 backed by actual ZEC held in reserve, with new tokens created or burned based on user demand.
How can I store and use renZEC?
renZEC is an ERC-20 token compatible with any Ethereum wallet. It's primarily used in DeFi platforms for lending, trading, or yield farming while maintaining exposure to ZEC's value.