🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

RENEC Lend Announces Limited-Time Airdrop Event for Relend Token (REL)

Published 09/23/2024, 11:57 PM
Updated 09/24/2024, 12:30 AM
RENEC Lend Announces Limited-Time Airdrop Event for Relend Token (REL)
USD/CAD
-
POOL
-
USDT/USD
-

Vietnam, Vietnam, September 24th, 2024, Chainwire

RENEC Lend, a decentralized finance (DeFi) platform backed by the RENEC Foundation, is excited to announce a limited-time airdrop event for its native token, Relend Token (REL). As the anticipated REL listing on Solana and RENEC decentralized exchanges (DEXs) approaches by the end of September, this airdrop offers an opportunity for users to accumulate REL tokens before they become available to the public.

What is RENEC Lend?

RENEC Lend is an innovative DeFi platform that provides supply/borrow services for tokens and fiat, supported by the RENEC and Solana blockchains. The platform aims to provide users with low borrowing interest rates starting at 5% per year, eliminating the need for traditional financial procedures.

Relend Token (REL) is the native token of the platform, designed to empower holders with a variety of benefits, including governance, staking, and liquidity provision. REL is gaining attention within the DeFi community as it prepares for its DEX listing.

Key Features of Relend Token (REL)

As the listing approaches, REL holders will gain access to several valuable features:

  • Governance & Protocol Upgrades: REL holders can participate in decisions regarding protocol upgrades and fee adjustments. By staking a specified amount of REL, users can propose and influence changes within the ecosystem.
  • Staking: Holders have the opportunity to stake REL on the RENEC Lend platform.
  • Liquidity Provision: By supplying liquidity to REL pools on DEXs, holders can try to earn rewards from pool fees.
  • Discounted Borrowing Fees: REL holders are eligible for reduced borrowing fees and lower interest rates.
  • Exclusive Programs: REL holders will have access to exclusive liquidity and referral programs.

Readers can learn more about REL’s tokenomics here.

REL Roadmap

Key milestones for Relend Token (REL) include:

  • End of September 2024: Official listing on Solana and RENEC DEXs.
  • October 2024: Launch of governance features, allowing REL holders to participate in platform upgrades and fee adjustments.
  • Borrowing Fee Discounts: REL holders can benefit from reduced borrowing fees and interest rates, optimizing their platform experience.

Airdrop Relend Token (REL)

From September 23 to October 7, 2024 (UTC), RENEC Lend is offering a limited-time airdrop event, where users have the chance to earn an APY of 30% to 60% by supplying SOL, USDT, or USDC. This event offers participants the opportunity to accumulate REL tokens before they become available to the public

Reward Details:

  • 60 REL for every 1 USDT supplied over one year (APY up to 60%).
  • 60 REL for every 1 USDC supplied over one year (APY up to 60%).
  • 30 REL for every 1 SOL supplied over one year (APY up to 30%).
Participation Benefits:
  • Daily Rewards: Participants may earn interest on their USDT/USDC/SOL supplies, with additional REL tokens accumulating daily.
  • No Supply Limits: There is no cap on the amount participants can supply, with greater supply potentially leading to higher rewards.
  • Instant Flexibility: Users can withdraw their USDT/USDC/SOL and accumulated REL rewards at any time.
How to Participate:
  • Users can visit the RENEC Lend Dashboard and connect their Solana wallet.
  • Supply USDT, USDC, or SOL.
  • Users REL rewards will be calculated and credited instantly, with real-time tracking available.
  • Limited Airdrop Pool (NASDAQ:POOL)The total airdrop pool is limited, and the event may end earlier if all rewards are claimed. Participants have the option to acquire REL tokens before the token is open to the public.

    Post-Supply Benefits:After supplying tokens, participants also have the opportunity to borrow additional tokens such as USDT or BNB with a loan-to-value (LTV) ratio of up to 75%. With loan interest rates as low as 5% per year and no financial verification required, the platform offers flexible borrowing options perfect for long-term needs.

    Holding REL Before the Listing

    Acquiring REL before it becomes available to the public can allow users to engage with the token early and participate in the platform’s ecosystem before it is publicly traded

    About RENEC Lend

    RENEC Lend is a decentralized finance (DeFi) platform offering token and fiat Supply/Borrow services. Backed by the RENEC Foundation and operating on both the RENEC and Solana blockchains, the platform allows users to take advantage of low-interest rates, under 5% annually, while aiming to maximize earnings through reward airdrop events.

    For more information, readers can visit:

    • Website: RENEC Lend Dashboard
    • Telegram Group: RENEC Lend Community
    • Twitter: Relend Official
    ContactRENEC LendRENEC Lendlend@renec.foundation

    This article was originally published on Chainwire

    Latest comments

    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.