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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Ren Development Update | October 2022

The main development focus continues to be on Ren 2.0 — the next stage of Ren — that will enable truly native multichain applications, as well as MPC support for EVM contracts. Moonbeam was also added as a new host chain, and Optimism and Arbitrum testnets were migrated to Goerli.

https://medium.com/renproject/ren-development-update-october-2022-5d2fb449dfb3

Ren Development Update | October 2022. The main development focus continues to be on Ren 2.