Summary:
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).
Motivation:
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.
For:
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
Against:
Both renZEC (https://etherscan.io/token/0x1c5db575e2ff833e46a2e9864c22f4b22e0b37c2) and wZEC (https://etherscan.io/token/0x4A64515E5E1d1073e83f30cB97BEd20400b66E10) currently have low liquidity
Poll:
https://signal.curve.fi/#/curve/proposal/QmVvFTCcdzywN4ntHjpRWTMzZ35dmTqttyp5RTGTPGgT41