Ren 1.0 Network to Be Shutting Down on December 20th

The Ren 1.0 Network will be shutting down on December 20th, 2022. Make sure to remove exposure to renBTC on Curve/Convex/Badger and etc. ASAP to avoid potential loss of funds.

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.