NuCypher is a decentralized KMS token that removes the limitations of using consensus networks to securely store and manage private encrypted data. The coin is accessible, intuitive, extensible, only the owner of the data has access to them, there is a re-encryption scheme for cryptographic access control.

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As the Ren 1.0 network will be sunset within 30 days, we highly recommend users to bridge back their Ren-assets, such as $renBTC, to their native chain as soon as possible. 

Please read our latest update for details:

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If you are a tBTC (v1 or v2) LP in any AMM (Curve, mStable, Saddle, etc.) pools with exposure to renBTC, we highly recommend that you withdraw your liquidity immediately and eliminate any exposure to renBTC.

As per Ren Labs (https://twitter.com/renprotocol/status/1594640587105378304), the Ren bridge is shutting down imminently and BTC redemptions will be suspended . It's unclear what will happen to the renBTC peg once that happens, but it's very likely to have a significant negative impact and effectively brick any pools with renBTC exposure.

The Threshold Treasury Guild is evaluating the deployment of new pools without renBTC shortly.