renZEC and wZEC are ERC-20 tokens on Ethereum, both backed 1:1 by ZEC. renZEC was launched by the Ren project (https://renproject.io/) and wZEC was launched by Wrapped (https://www.wrapped.com/). renZEC is secured by RenVM, which is transitioning into a decentralized network, while wZEC is secured by a centralized qualified custodian, and hence both cater to different market actors.
We are proposing to launch a new pool containing both of these assets (renZEC/wZEC).
Zcash has a limited presence in the Ethereum scene which partly is due to its recent entrance and still relatively low liquidity. A Curve pool would boost the liquidity for both of these assets and kickstart the applicability for Zcash on Ethereum.
Bring a new kind asset to Curve that is not representing USD or BTC, diversifying the kinds of assets you can trade on Curve
Help kickstart ZEC’s presence on Ethereum
Both renZEC (https://etherscan.io/token/0x1c5db575e2ff833e46a2e9864c22f4b22e0b37c2) and wZEC (https://etherscan.io/token/0x4A64515E5E1d1073e83f30cB97BEd20400b66E10) currently have low liquidity