While @AlamedaResearch continues to deny @renprotocol much-needed legal correspondence and clarification:
Integrators:
Thank you for your endless patience, a lot is happening behind the scenes to make Ren 2.0 worth the wait.
To our users:
Ren products/services will be back ASAP
When the liquidity starts to flow from Bitcoin and Ethereum back into the alts, make sure to be positioned in the right mid cap narratives:
RenDAO working in the background on the foundation. Soon as its ready there will be full development updates on Ren 2.0
$REN
As the Ren Foundation continues to grow and evolve over time, additional directors will be needed to support Ren's vision and future direction.
Have you ever been heavily involved with a crypto foundation? Join the ongoing discussion at the RenForum! 👇
https://t.co/Iha3XNIeeq
After months of meticulous legal planning and deliberations, the Ren Foundation is finally live!
The Foundation is an independent, ownerless, and non-profit Cayman foundation - and is a huge step forward for the project as it begins to legally separate from @AlamedaResearch $REN
@AlamedaResearch More details will be published soon about the new foundation. In the mean time, https://t.co/kuK0GjhF1h is currently down but is in the process of being restored as part of the transition.
Alameda is also storing RenVM assets in cold storage in the event of a systems shutdown:
After months of meticulous legal planning and deliberations, the Ren Foundation is finally live!
The Foundation is an independent, ownerless, and non-profit Cayman foundation - and is a huge step forward for the project as it begins to legally separate from @AlamedaResearch $REN
@AlamedaResearch The DAO and The Ren Foundation now have a suitable framework in which they can work together for the mutual success of the project going forward.
This was one of the biggest hurdles to overcome following the failure of Alameda to fulfil its contractual obligations to Ren.
@AlamedaResearch Given the poor legal correspondence & co-operation from Alameda, the Ren Foundation was only possible because of our outstanding community willing to make it happen (and the brilliant legal minds advising the project).
Our supporters have been patient and supportive throughout!
@AlamedaResearch The foundation (and the legal protection it provides) will give Ren 2.0 the safe, compliant framework in which to operate (and therefore Ren's products and services).
As Ren 2.0 moves towards full decentralisation, this compliance and protection will be extremely important...
@AlamedaResearch This transition towards a Cayman foundation has been long and legally complex, but nevertheless an essential one.
With Ren 2.0 on the horizon, it is absolutely vital to ensure that the project has a safe, legal and regulatory foundation in which to conduct itself going forward.
Few countries have a history of resilience and turbulence quite like Ukraine.
But to understand how these values shaped the Ukraine we know today, we must first go deep into its past.
Ukraine | A History Of Fortitude
via @Medium:
https://t.co/1U95f4t79M
#Ukraine