REN is a premium and payment token of the ecosystem, which is aimed at improving the compatibility and confidentiality of the blockchain system. Secure financial applications can also be created on it. REN provides liquidity between different decentralized applications so that they benefit each other and users. REN can also be used as a protocol for "wrapping" tokens.

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August Development Update

1️⃣ Greycore Testnet Release
2️⃣ Host to Host Testnet Release 
3️⃣ RenVM’s Generic Application Layer

https://medium.com/renproject/august-development-update-caf3cd1f41ec

August Development Update. Greycore Testnet Release. Host to Host Testnet Release. RenVM's Generic Application Layer.