The Ren 1.0 network will be sunset. Minting new Ren tokens has now been disabled, but users can burn tokens until mid-December.
If you hold renZEC, you should immediately bridge the asset back to native ZEC on the Zcash blockchain.
Please understand the steps in the RenBridge and ZeroBridge sections of this guide should not be followed until the Ren 2.0 network is live and Zcash support is enabled. Please see this thread for more details.
Zcash users are capable of leveraging Ethereum smart contracts and wider DeFi applications while preserving their privacy via @renprotocol using this 4-Step process:
Purchase ZEC from any Exchange & Proceed to withdraw to your personal non-custodial wallet such as Nighthawk, ZecWallet Lite or Ywallet.
If withdrawal was deposited to a T-address, Auto-shield funds or make an additional transaction to Z-address.
This means that the money within your wallet is no longer tied back to your identity.
Similar to withdrawing cash from a bank, once withdrawn the bank can no longer monitor your transactions.
Using an Exchange swap your Shielded ZEC for ETH:
Now you have received ETH you are capable of interacting with the multitude of Web3 applications & services via Metamask & Trust wallet for DeFi, NFT’s, DAOs etc!